Ashapuri Gold Ornament Limited , a leading jewelry manufacturer, has reported a strong performance for the second quarter of fiscal year 2026, demonstrating resilience in the face of rising gold prices and changing market dynamics.

Key Financial Highlights

• Total income rose by 18% year-on-year to INR 102.00 crores
• Sales volume grew by 20% compared to the same period last year
• EBITDA margin doubled to 11%, representing a 540 basis points expansion
• Profit after tax surged by 145% to INR 8.47 crores, with margin improving by 428 basis points

Order Book and Future Outlook

The company has secured fresh domestic orders worth INR 102.00 crores at the India International Jewellery Show (IIJS) 2025. Additionally, Ashapuri Gold Ornament received orders of INR 5.41 crores for its premium diamond and polki jewelry collection under the Aneya brand, strengthening its order visibility for upcoming quarters.

Strategic Focus and Product Mix

Ashapuri Gold Ornament is strategically focusing on:

1. Scaling premium branded product lines
2. Deepening relationships with national and regional chains
3. Building a strong design-led manufacturing ecosystem

The company's product mix currently comprises:

Manufacturing Capacity and Expansion

• Current manufacturing capacity: 750 kg per annum
• Utilization: Operating at 93% capacity
• Expansion plans: Potential to increase capacity to 1.5 tons per annum with existing infrastructure

Market Trends and Adaptation

In response to rising gold prices, Ashapuri Gold Ornament is observing and adapting to the following market trends:

1. Increased demand for lighter weight jewelry
2. Shift towards lower caratage (18 carat and 14 carat) in diamond and polki collections
3. Focus on culturally specific collections across different regions of India

Management Commentary

Jenik Soni, Chief Executive Officer of Ashapuri Gold Ornament Limited, commented on the results: "This has been a very encouraging quarter for us, both operationally and financially. Our focus continues to remain on scaling premium branded product lines, deepening our relationships with national and regional chains, and building a strong design-led manufacturing ecosystem that supports the sustainable and profitable growth of our company."

Outlook

With a strong first-half performance and a healthy order book, Ashapuri Gold Ornament Limited expects to deliver consistent growth in the coming quarters. The company aims to maintain stable margins with a gradual upward bias, supported by manufacturing efficiencies and increased volume of orders from national chains.

As Ashapuri Gold Ornament Limited continues to navigate the dynamic jewelry market, its focus on premium collections, design innovation, and strategic partnerships positions it well for sustained growth in the evolving landscape of the Indian jewelry industry.

Ashapuri Gold Ornament Limited , a prominent player in the gold jewelry manufacturing sector, has announced its unaudited standalone financial results for the second quarter and half-year ended September 30, 2025, showcasing remarkable growth in revenue and profitability.

Key Financial Highlights

Quarterly Performance

Ashapuri Gold Ornament Limited reported a substantial increase in its revenue from operations for Q2 FY26, reaching ₹10,240.39 lakhs, marking a 93.39% growth compared to ₹5,295.31 lakhs in Q1 FY26. The company's net profit after tax for Q2 FY26 stood at ₹846.95 lakhs, showing a significant 167.11% increase from ₹317.08 lakhs in the previous quarter.

Half-Yearly Results

For the half-year ended September 30, 2025, the company's revenue from operations amounted to ₹15,535.70 lakhs, with a net profit after tax of ₹1,164.02 lakhs. This represents a notable improvement in the company's financial performance compared to the same period in the previous year.

Balance Sheet Strength

The company's balance sheet as of September 30, 2025, reflects a strong financial position:

• Total assets increased to ₹16,972.52 lakhs from ₹15,321.14 lakhs as of March 31, 2025.
• Shareholders' equity (including share capital and other equity) stood at ₹16,015.59 lakhs, indicating a robust capital structure.
• Current assets, including inventories and trade receivables, totaled ₹15,628.83 lakhs, providing ample liquidity for operations.

Management Commentary

The Board of Directors approved these results in their meeting held on November 11, 2025. While specific management comments were not provided, the strong financial performance suggests effective execution of the company's business strategies in the gold jewelry sector.

Investor Conference Call

Ashapuri Gold Ornament Limited has rescheduled its investor and analyst conference call to Tuesday, November 18, 2025, at 2:00 PM IST. This call will provide an opportunity for investors and analysts to discuss the company's performance for Q2 and H1 FY26 with the management team.

About Ashapuri Gold Ornament Limited

Ashapuri Gold Ornament Limited is engaged in the manufacturing and sale of gold jewelry and articles of various designs. The company's strong performance in Q2 FY26 reflects its ability to capitalize on market opportunities in the jewelry sector.

Investors and stakeholders are advised to attend the upcoming conference call for more detailed insights into the company's performance and future outlook.

Note: All financial figures are in Indian Rupees (₹) and are reported on a standalone basis.