ALFA Finder
The call ran from 4:01 PM to 4:44 PM IST (43 min).
Key takeaways
H1 FY27 PAT rose 19% to about ₹104 Cr, but Q2 was weak (EBITDA ₹61 Cr), blamed on festive timing. Management deflected peer comparisons and store-level data, and defended the fundraise pricing.
| Revenue growth | H1 total income +7% YoY; Q2 YoY growth not stated. |
|---|---|
| Margins | H1 EBITDA margin 9.61% vs 8.68%; PAT margin 6.45% vs 5.82%. |
| Demand visibility | Strong early Q3 festive and wedding demand; 75-80% sales from these. |
| Management confidence | Balanced to defensive; deflects peer gaps and fundraise pricing questions. |
Growth
H1 EBITDA +18% to ₹155 Cr; margin 9.61% vs 8.68%. Festive sales ₹815 Cr, +13.8%; gold +9.3%, silver +29%.
Outlook
H2 expected at 65-72% of annual sales; 3-4 new showrooms by March 2027. No revenue or profit growth guidance given.
Risks
Q2 EBITDA only ₹61 Cr; 28-30% of sales via old-gold exchange; diamond unfinalised; fundraise priced below market.
Last quarter's promises, checked
Delivered
- Jabalpur/Dahod 'operational soon' → opened (= BEAT)
- 2-3 FOCO/yr → Jabalpur, Dhar FOCO opened (= BEAT)
- Festive numbers 'once Aug starts' → ₹815 Cr, +13.8% (= BEAT)
Partly delivered
- Demand rebounds on stable gold → festive +13.8%, H1 income +7% vs Q1 +58% (= PARTIAL)
Missed
- 5-6 new stores FY27 → 3-4 by Mar-27 (= MISS)
- Diamond 2-3x by Mar-28 → unfinalised; Q1 diamond ₹29 Cr vs ₹31 Cr (= MISS)
- ~10% volume growth FY27-28 → Q1 1-2%; H1 volume undisclosed (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
D P Abhushan Q2 FY27 Results: Net Profit ₹39.7 Cr, Down 22.9% YoY
D P Abhushan Ltd reported revenue from operations of ₹759.9 Cr (-21.5% YoY) and net profit of ₹39.7 Cr (-22.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹39.7 Cr · -22.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided 20-30% annual revenue growth through FY30; targeting 51 stores by 2030; EBITDA margin guidance 6-6.5% for FY27.
Growth they described
FY26 Revenue grew 23% to ₹4,070.3cr; EBITDA grew 77% to ₹309.7cr. Gold segment grew 21% for the full year.
Call details
| Company | D.P. Abhushan Ltd |
|---|---|
| NSE symbol | DPABHUSHAN |
| ISIN | INE266Y01019 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 4:00 PM IST |
| Length | 43 min |
| Audio | Our stream on YouTube ↗ |
D.P. Abhushan Ltd: key numbers
- Share price
- ₹1,965.10
- Market cap
- ₹4,486 Cr
- Revenue (annual)
- ₹4,065 Cr
- Net profit (annual)
- ₹211.8 Cr
- P/E (TTM)
- 19.7×Sector 46.9×
- Promoter holding
- 74.89%+0.00% QoQ
- FII holding
- 0.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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