D P Abhushan , a renowned jewellery brand with over eight decades of legacy, has reported a remarkable 85% year-over-year growth in festive sales during the Navratri and Dussehra period. This significant increase in sales underscores the company's strong performance and sustained growth momentum in the Indian jewellery market.

Key Highlights

• Total Turnover: ₹237.00 crore across Gold, Silver, Diamond, and other jewellery items
• Year-over-Year Growth: 85% increase from ₹128.13 crore in the previous year
• Gold Volume Sales: 184.70 kgs, up 26% from 146.85 kgs in the previous year

Sales Performance

Despite rising gold prices, D.P. Abhushan demonstrated robust growth in both value and volume terms. The company's performance during this festive season is summarized in the following table:

The substantial increase in gold volume sales, even in the face of higher prices, indicates strong consumer confidence and the enduring appeal of gold jewellery as both a traditional symbol and a resilient investment.

Management Commentary

Mr. Santosh Kataria, Managing Director of D.P. Abhushan, commented on the company's performance: "The strong response during Navratri and Dussehra highlights the enduring loyalty of our customers and their faith in our purity and craftsmanship. Our efforts to offer new festive collections, enhance the showroom experience, and stay true to our values have helped us deliver healthy growth."

Looking ahead, Mr. Kataria expressed cautious optimism for the upcoming Diwali and wedding season, noting that customer sentiment remains positive. He also highlighted the company's focus on expanding design-led diamond offerings alongside their strong gold base as a strategy for sustainable growth.

Company Overview

D.P. Abhushan Limited, established in 1940 under the brand "D.P. Jewellers," has grown to become one of Central India's most respected jewellery houses. The company operates 11 showrooms across various cities in Central India, offering a diverse range of Gold, Silver, Diamond, and Platinum jewellery designed for various occasions.

The company's strong performance during this festive season reflects its solid position in the market and the continued trust of its customers in its products and brand values of trust, purity, and transparency.

As the jewellery market in India continues to evolve, D.P. Abhushan's impressive growth during this crucial festive period positions it well for the upcoming Diwali and wedding season, traditionally strong periods for jewellery sales in India.

D P Abhushan , a prominent player in the gems and jewellery sector, has announced its financial results for the quarter ended June 30, showcasing significant growth across key financial metrics.

Financial Highlights

Revenue Growth

D.P. Abhushan reported a robust increase in revenue from operations, which rose to ₹540.40 crore in the quarter, up from ₹504.70 crore in the corresponding quarter of the previous year, marking a 7.07% year-on-year growth.

Profitability Surge

The company's net profit for the quarter witnessed a substantial jump of 45%, reaching ₹36.40 crore compared to ₹25.10 crore in the same period last year. This impressive growth in profitability underscores the company's operational efficiency and strong market positioning.

Improved Earnings Per Share

D.P. Abhushan's basic earnings per share (EPS) stood at ₹16.07 for the quarter, a significant increase from ₹11.27 in the corresponding quarter last year, reflecting the company's enhanced profitability.

Operational Details

The company operates in the gems and jewelry segment, including wholesale, retail trade, and manufacturing of jewelry and ornaments. Total expenses for the quarter were reported at ₹492.70 crore.

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings.

About D.P. Abhushan Limited

D.P. Abhushan Limited is engaged in the gems and jewellery sector, specializing in wholesale and retail trade, as well as manufacturing of jewellery and ornaments.

Outlook

With a solid performance in this quarter, D.P. Abhushan Limited appears well-positioned to capitalize on the growing demand in the gems and jewellery market. The company's ability to enhance profitability while expanding its revenue base suggests a positive outlook for the remainder of the fiscal year.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters to see if it can maintain this growth momentum in a competitive market landscape.