Audited Financial Results for the 4th Quarter and year ended March 31, 2026
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Manoj Vaibhav Gems N Jewellers reported strong full-year FY26 results with revenue from operations growing 15.1% to ₹2,744 Crores from ₹2,384 Crores in FY25. Profit after tax rose 14.5% to ₹114.98 Crores from ₹100.43 Crores. The company posted an operating cash inflow of ₹26.26 Crores, recovering from a negative operating cash flow of ₹66.69 Crores in the prior year. Working capital needs drove a significant inventory increase of ₹292.64 Crores. An exceptional charge of ₹1.44 Crores was recorded due to the new labour codes effective November 2025. Total equity grew to ₹833.36 Crores from ₹718.76 Crores. The statutory auditor issued an unmodified opinion with no qualifications.
Solid top-line and bottom-line growth with cash flow recovery signals operational strength, though rising borrowings and inventory levels warrant monitoring for working capital management and leverage.