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Earnings Call Transcript

RBZ Jewellers Earnings Call Transcript: Key Takeaways

RBZ Jewellers posted strong 60% revenue growth driven by retail expansion, but aggressive store launch costs and zero-inventory gain impacted margins.

Highlights
Revenue growth60% YoY revenue growth to 121 Cr, led by retail.
MarginsEBITDA margins 14.9%; sluggish due to store launch expenses.
Order bookB2B order book full for July and August.
Demand visibilityPositive outlook for upcoming festive and wedding season (Q3).
Management confidenceHigh confidence in retail transformation despite near-term margin pressure.

Growth

Revenue grew 60% YoY to 121 Cr; retail segment up 70%.

Outlook

Launching four new stores in FY27; long-term target 75% retail revenue mix.

Risks

Heavy front-loaded store expansion costs and transition to lower-margin Gold Metal Loans (GML).

Last quarter's promises, checked

Delivered

  • Open Surat and Rajkot stores by Q2 FY27 → delivered Y (= BEAT)
  • Revenue growth broadly in line with guidance → delivered 60% (= BEAT)
  • Maintain debt-equity ratio near 1:1 → delivered 1.5-2.0x (= PARTIAL)

Partly delivered

  • Target 4 new stores in calendar year → delivered 4 in progress (= PARTIAL)

Missed

  • Inventory gain anticipated INR 10-12 Cr → delivered 0 (= MISS)
Source

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

Read the document ↗

RBZ Jewellers Ltd: key numbers

Share price
₹180.87
Market cap
₹723.5 Cr
Revenue (annual)
₹636.5 Cr
Net profit (annual)
₹54.80 Cr
P/E (TTM)
12.7×Sector 55.7×
Promoter holding
75.00%+0.00% QoQ
FII holding
0.03%Current quarter

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

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