Vega Jewellers Limited, formerly known as PH Trading Limited, has reported robust financial performance for the second quarter of fiscal year 2026, alongside significant corporate changes that signal a strategic shift for the company.

Financial Performance

For the quarter ended September 30, 2025, Vega Jewellers posted impressive consolidated results:

The company's revenue from operations saw a significant quarter-on-quarter increase of 75.09%, rising from ₹15,040.07 lakhs in Q1 FY26 to ₹26,333.03 lakhs in Q2 FY26. Net profit for the quarter stood at ₹1,052.16 lakhs, marking a substantial growth of 178.96% compared to the previous quarter's ₹377.02 lakhs.

Corporate Changes

In addition to the strong financial performance, Vega Jewellers announced several key corporate changes:

1. Relocation of Corporate Office: The Board of Directors has approved the shifting of the corporate office from Mumbai to Hyderabad, a move that may indicate a strategic realignment of the company's operations.

2. Subsidiary Appointment: CS Kiran Kumar, the Company Secretary of Vega Jewellers Limited, has been appointed as the Company Secretary of Vega Jewellery Mart Private Limited, a subsidiary of the company.

3. CFO Appointment: Mr. Siva Prasad Panguluri has been promoted from Vice President-Finance to Chief Financial Officer (CFO) of the company. Mr. Panguluri brings over 17 years of post-qualification experience in financial management, accounting, reporting, and strategic finance to his new role.

Expansion and Subsidiaries

The company's growth strategy is evident from its recent investments and expansions:

• On August 1, 2025, Vega Jewellers invested ₹5.09 crores in Vega Jewellers J Hills LLP, acquiring a 50.99% partnership stake.
• At the Annual General Meeting on September 19, 2025, shareholders approved an increase of 9.99% in the company's profit/loss sharing ratio in Vega Jewellers J Hills LLP, bringing the total shareholding to 60.98%.

These moves suggest that Vega Jewellers is actively pursuing growth opportunities and strengthening its market position in the jewellery sector.

The company's focus remains primarily on the jewellery business, with no separate reportable segments under Ind AS 108 — Operating Segments.

As Vega Jewellers Limited continues to expand and restructure, these latest financial results and corporate changes indicate a company on a strong growth trajectory, positioning itself for future success in the competitive jewellery market.

Vega Jewellers Limited , a prominent player in the jewellery industry, has significantly increased its ownership stake in Vega Jewellers JHills Limited Liability Partnership (LLP). The company has raised its share from 50.99% to 60.98%, solidifying its position as a Designated Partner in the LLP.

Investment Details

Vega Jewellers has made a substantial investment to increase its stake in the partnership. Here are the key details of the transaction:

Corporate Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vega Jewellers Limited has formally notified the BSE Limited about this development. The company, which was formerly known as PH Trading Limited, made this announcement through its Company Secretary and Compliance Officer, B. Kiran Kumar.

Company Background

Vega Jewellers Limited has its registered office at One Lodha Place, 14th Floor, Unit 1403, Senapati Bapat Marg, Lower Parel, Delisle Road, Mumbai. The company's move to increase its stake in the JHills LLP aligns with its strategic initiatives in the jewellery sector.