Uday Jewellery Industries reported a net profit of ₹10.67 crore for the quarter ended June 30, 2026, marking a 5.7% increase from ₹10.09 crore in the corresponding period of FY26. Revenue from operations rose 7.2% year-on-year to ₹143.27 crore, up from ₹133.64 crore in Q1FY26. The company also disclosed that its gross profit margin expanded by 249 basis points to 16.4% (from 13.9% in Q1FY26), while EBITDA grew 13.7% to ₹16.93 crore (from ₹14.89 crore), with EBITDA margin widening by 67 basis points to 11.8%. These figures indicate an improvement in operating leverage despite rising input costs.

The Board of Directors approved these unaudited standalone financial results on August 13, 2026, following a review by the Audit Committee. Statutory auditors Anant Rao & Mallik issued a limited review report with an unmodified conclusion on the results. The figures for the prior year have been restated to reflect the impact of the merger with Narabada Gems and Jewellery Limited, approved by the NCLT with an appointed date of April 1, 2024.

Newspaper Publication

Pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Uday Jewellery Industries Limited published its unaudited financial results for the quarter ended June 30, 2026, in newspapers on August 14, 2026. The results were advertised in Financial Express (English) and Namasthe Telangana (Telugu). The company submitted copies of the newspaper advertisements to the General Manager, Department of Corporate Services, BSE Limited, requesting them to be taken on record.

Financial Performance

Revenue growth outpaced the rise in cost of materials consumed, which increased by 11.3% to ₹110.50 crore. However, the expansion in gross margin suggests that the company managed to offset higher material costs through favorable product mix and sourcing efficiencies. Other income fell sharply to ₹1.07 crore from ₹0.07 crore in the prior quarter, though it remains a minor component of total income. Profit before tax stood at ₹14.26 crore, compared to ₹13.49 crore in Q1FY26. Earnings per share were ₹3.15, slightly up from ₹3.09 in the prior year quarter but consistent with the previous quarter’s ₹3.17.

What the Numbers Show

While revenue grew steadily, the cost of material consumed expanded at a faster rate (11.3%) than revenue (7.2%). Typically, this divergence indicates margin pressure. However, Uday Jewellery’s gross margin actually expanded by 249 basis points, suggesting that the company successfully mitigated input cost inflation through a shift towards higher-margin studded and branded products or improved sourcing efficiencies. This operational improvement allowed EBITDA to grow faster than revenue, highlighting enhanced cost discipline despite the challenging input environment.

Corporate Actions

The Board approved several key corporate governance and operational measures:

• Borrowing Powers: Increased borrowing limits under Section 180(1)(c) of the Companies Act, 2013, to ₹250 crore for creating charges or mortgages on assets.
• Loans & Investments: Approved limits for loans, guarantees, securities, and investments up to ₹250 crore under Section 186.
• Statutory Auditors: Recommended the appointment of M/s Venugopal & Chenoy, Chartered Accountants, Hyderabad, as statutory auditors for five years, commencing after the 27th AGM. They replace retiring auditors Anant Rao & Mallik.
• Credit Facility: Approved an additional credit facility of up to ₹20 crore from Kotak Mahindra Bank Limited under the ECLGS 5.0 scheme for working capital requirements.
• Related Party Appointments: Approved the appointment of Mr. Tejas Sanghi as Business Development Head and Mrs. Sakshi Sanghi as Associate Business Developer, both being related parties.

The Board also fixed September 21, 2026, as the record date for determining dividend entitlements for FY26 and scheduled the 27th Annual General Meeting for September 28, 2026, via video conferencing. Additionally, the company’s paid-up equity capital increased to ₹34.05 crore as on June 30, 2026, following the conversion of the final tranche of warrants on May 1, 2026. The company continues to pursue its application for listing on the National Stock Exchange.

Uday Jewellery Industries has fixed September 21, 2026 as the record date for determining eligibility for its recommended dividend. The board of directors approved a payout of ₹0.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026.

The dividend recommendation is subject to approval by members at the company’s ensuing annual general meeting. Shareholders holding equity shares on the record date will be entitled to receive the declared amount, pending final ratification by the shareholders.

Dividend Details

The company notified the Bombay Stock Exchange of the record date in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure follows clarifications provided in the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 and a BSE circular dated February 7, 2025.

The board meeting where this decision was taken was held on August 13, 2026. Sanjay Kumar Sanghi, Managing Director – Corporate Affairs, signed the intimation letter addressed to the General Manager of Corporate Services at BSE Limited.