RBZ Jewellers Releases Q3FY26 Earnings Call Transcript Following Strong Performance
RBZ Jewellers has released the complete earnings call transcript for Q3FY26, revealing strong financial performance with 17% revenue growth and detailed management commentary on retail expansion strategy. The company plans significant investments in new store openings across Gujarat with ambitious revenue targets for the coming fiscal year.

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RBZ Jewellers Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, showcasing robust performance across key financial metrics. Following the strong quarterly results, the company has now released the complete earnings call transcript for discussions held with analysts and investors on February 16, 2026.
Strong Financial Performance in Q3FY26
The company delivered impressive financial results for the third quarter, with significant improvements in both revenue and profitability metrics compared to the corresponding period last year.
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹22,633.02 lakhs | ₹19,381.30 lakhs | +16.78% |
| Total Income: | ₹22,637.07 lakhs | ₹19,401.86 lakhs | +16.68% |
| Net Profit: | ₹1,743.01 lakhs | ₹1,308.50 lakhs | +33.21% |
| Earnings Per Share: | ₹4.36 | ₹3.27 | +33.33% |
Nine-Month Performance Analysis
The company's nine-month performance for the period ended December 31, 2025, also reflects strong operational efficiency and market positioning in the jewelry segment.
| Parameter: | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹44,699.66 lakhs | ₹39,285.65 lakhs | +13.78% |
| Total Comprehensive Income: | ₹4,316.17 lakhs | ₹3,024.27 lakhs | +42.72% |
| Net Profit: | ₹4,311.65 lakhs | ₹3,022.94 lakhs | +42.64% |
| EPS (9 months): | ₹10.78 | ₹7.56 | +42.59% |
Earnings Call Transcript Released
RBZ Jewellers has made available the complete transcript of its earnings conference call held on February 16, 2026, at 16:00 hours. The transcript, filed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, provides detailed insights into the company's performance and future strategy.
| Conference Call Details: | Information |
|---|---|
| Date: | February 16, 2026 |
| Time: | 16:00 hours |
| Participants: | Analysts and Investors |
| Transcript Link: | Available on company website |
| Filing Officer: | Heli A Garala, Company Secretary |
| Filing Date: | February 18, 2026 |
Management Commentary and Strategic Outlook
During the earnings call, Joint Managing Director and CFO Harit Zaveri highlighted the company's transformation from a B2B manufacturer to a diversified B2C retailer. The management discussed strong festive demand during Dussehra and Diwali, along with robust wedding season performance that supported quarterly results.
| Key Operational Highlights: | Q3FY26 Performance |
|---|---|
| New Designs Launched: | 951 designs |
| Exhibitions Participated: | 5 events (2 national, 3 state-level) |
| Retail Revenue Growth: | 39% year-on-year |
| Wholesale Revenue: | ₹70 crores (12% decline) |
| Job Work Revenue: | ₹2 crores (46% decline) |
Retail Expansion Plans
The company announced concrete plans for retail expansion across Gujarat, with two flagship stores planned for Surat and Rajkot. Both showrooms are targeted to become operational in Q2 FY27, representing a strategic shift towards the B2C segment.
| Expansion Details: | Specifications |
|---|---|
| Surat Store Size: | 10,000 square feet |
| Rajkot Store Size: | 12,000 square feet |
| Expected Revenue (Surat): | ₹150 crores |
| Expected Revenue (Rajkot): | ₹125 crores |
| Marketing Budget FY27: | ₹25 crores |
Business Segments and Operations
The company operates through integrated manufacturing and retail divisions. The manufacturing facility spans 23,966 square feet on Sarkhej-Gandhinagar Highway in Ahmedabad, equipped with advanced casting, laser and 3D printing technologies. The retail showroom "Harit Zaveri Jewellers" covers 11,667 square feet in Satellite area of Ahmedabad.
Financial Guidance and Future Outlook
Management provided revenue guidance of ₹630-650 crores for FY26, with PAT expectations of ₹50-55 crores. For FY27, the company targets ₹800-900 crores revenue with PAT of ₹55-60 crores, supported by new store openings and increased marketing investments.
| Company Highlights: | Details |
|---|---|
| Annual Production Capacity: | 2+ Tons |
| Team Strength: | 250+ artisans and craftsmen |
| Client Base: | 190+ clients across 20 states and 72 cities |
| 3-Year Revenue CAGR: | 28% |
| 3-Year PAT CAGR: | 39% |
| ROCE: | 26% |
The earnings call transcript reveals management's confidence in the company's strategic transformation from wholesale manufacturing to retail operations, with significant investments planned in marketing and store expansion to capitalize on the growing organized jewelry retail market in Gujarat.
Historical Stock Returns for RBZ Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.93% | -5.25% | -24.01% | -17.63% | -16.10% | +10.10% |































