D P Abhushan Limited has announced strong financial results for the third quarter and nine months ended December 31, 2025, demonstrating resilient performance despite challenging market conditions. The jewellery retailer reported significant growth across key financial metrics, driven by wedding demand and festive momentum during the quarter.

Q3FY26 Financial Performance

The company delivered impressive quarterly results with substantial year-on-year improvements across all major financial parameters:

Despite elevated gold prices across the industry impacting volumes, the company achieved a healthy 13% year-on-year revenue growth. The significant improvement in profitability metrics reflects the company's effective operational management and strategic positioning.

Nine-Month Performance Overview

For the nine-month period ending December 31, 2025, D P Abhushan maintained steady growth momentum:

The nine-month results showcase the company's ability to deliver consistent performance while navigating market challenges and maintaining operational efficiency.

Segment-wise Performance Analysis

The company's diversified product portfolio showed mixed performance across different segments during Q3FY26:

Gold Segment

Silver Segment - Key Growth Driver

Silver emerged as a standout performer during the quarter, driven by festive gifting and affordability-led demand, registering exceptional growth of 131% year-on-year.

Diamond Segment

Strategic Expansion and Store Operations

The company continues its expansion strategy with successful launches of new showrooms across key markets. Recent store openings include:

The company operates 11 stores with a total store area of 50,650 sq ft as of December 31, 2025, maintaining an average revenue per sq ft of approximately ₹5.39 lakhs for the nine-month period.

Management Commentary and Market Strategy

According to Chairman and Managing Director Santosh Kataria, the company's disciplined inventory management and natural hedging enabled effective navigation of gold price volatility. The management highlighted that customers with committed events, particularly weddings, continued to purchase actively, while investment-oriented customers remained engaged through savings and accumulation schemes.

The company has finalized several new store locations and continues to evaluate further expansion opportunities across tier 2 and tier 3 cities in Madhya Pradesh, Rajasthan, Chhattisgarh, and Gujarat over the next five years.

Source: D P Abhushan Limited Investor Presentation

D. P. Abhushan has indicated expectations of selective near-term demand patterns following recent price changes implemented by the company. The management has communicated that these pricing adjustments are expected to influence customer purchasing behavior in the immediate term.

Impact on Demand Patterns

The company anticipates that the price changes will result in selective demand across different segments of their operations. This suggests that while some product categories or customer segments may experience reduced demand, others may remain relatively stable or potentially see increased interest.

Management Outlook

The company's management has taken a measured approach in communicating the expected impact of these pricing decisions. By characterizing the demand impact as "selective," the company indicates that the effects may vary across different aspects of their business rather than affecting all operations uniformly.

The near-term focus suggests that D. P. Abhushan is monitoring immediate market responses to the price adjustments, which is typical for companies implementing pricing strategy changes in competitive markets.