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Earnings Call Transcript

Deepa Jewellers Earnings Call Transcript: Key Takeaways

Revenue grew 25% YoY, but margins faced headwinds from gold price volatility and product mix shifts.

Why this was an Alfa AlertRevenue guidance raised from 30.0% to 42.5% (+12pp).
Guidance and delivery
Revenue guidance 30.0% → 42.5% Raised by 12.5 percentage points
Management target Revenue 42.5% FY29
Highlights
Revenue growth25% YoY Q2 growth; 30% H1 growth led by job-work surge.
MarginsEBITDA margins at 7.24%; impacted by higher plain gold sales mix.
Demand visibilityStrong; festive demand shifting into H2, which contributes 60% revenue.
Management confidenceHigh; promoters voluntarily waived salaries for 10 quarters to support growth.

Growth

H1 revenue up 30% YoY; job-work volumes surged 51% providing high-margin stability.

Outlook

Management guides 40-45% Revenue CAGR through FY29 via geography and SKU expansion.

Risks

Gold price drops and retail consumer shifts to old-gold exchange threaten invoice-based sales.

Source

Earnings Call Transcript filed with NSE, NSE: DEEPA. Summary written with AI assistance from the document.

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Deepa Jewellers Ltd: key numbers

Share price
₹217.28
Market cap
₹2,089 Cr
Revenue (annual)
₹1,927 Cr
Net profit (annual)
₹104.8 Cr
Promoter holding
72.98%
FII holding
2.64%Current quarter

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

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