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Earnings Call

D P Abhushan Earnings Call: Key Takeaways

D.P. Abhushan reports strong Q4 revenue growth of 87% YoY, yet faces significant gross margin compression and inventory buildup as management navigates aggressive multi-state expansion and high gold price volatility.

Highlights
Revenue growth87% YoY Q4 growth; FY26 up 23% to ₹4,071cr.
MarginsEBITDA margin improved to 7.61% FY26 despite gold price volatility.
Demand visibilityStrong wedding demand; temporary impact from PM's gold purchase comments.
Management confidenceHighly optimistic on wedding demand and old gold exchange programs.

Growth

FY26 revenue reached ₹4,071cr (+23% YoY), but growth was entirely value-led as volumes declined 20%.

Outlook

Guided 25-30% revenue growth for FY27 and FY28, targeting 51 stores by 2030.

Risks

Negative operating cash flow due to heavy inventory needs and delayed QIP plans.

Source

Earnings Call filed with BSE, NSE: DPABHUSHAN. Summary written with AI assistance from the document.

Read the document ↗

D P Abhushan Ltd: key numbers

Share price
₹1,417.70
Market cap
₹3,236 Cr
Revenue (annual)
₹4,065 Cr
Net profit (annual)
₹211.8 Cr
P/E (TTM)
13.5×Sector 55.7×
Promoter holding
74.89%+0.00% QoQ
FII holding
0.23%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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