Manoj Vaibhav Gems N Jewellers Limited has submitted to the Exchange, outcome and the financial results for the period ended Jun 30, 2025.
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On the reaction day the stock moved 6.5 pts less than Nifty Microcap 250 and 6.8 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manoj Vaibhav Gems N Jewellers reported unaudited Q1 FY26 results with revenue from operations of ₹548.94 Cr, up marginally from ₹539.06 Cr in Q1 FY25 (about 1.8% growth). However, profit after tax dipped to ₹20.59 Cr from ₹21.77 Cr a year ago, a decline of roughly 5.4%, with EPS falling to ₹4.22 from ₹4.46. Total expenses rose faster than revenue, led by higher raw material costs. The board also approved several changes: appointment of P.S. Rao & Associates as secretarial auditors for 5 years, promotion of Mr. Rakhal Gontla from COO to Joint Managing Director (he is the son-in-law of the Chairperson and spouse of the Whole-time Director & CFO), and induction of Mrs. Jonnada Vaghira Kumari as an Independent Director. The 36th AGM is fixed for September 26, 2025. The statutory auditor issued a clean limited review report with no qualifications.
Flat revenue growth combined with a slight dip in profits suggests margin pressure for shareholders, though the business remains profitable. The promotion of a family member to Joint Managing Director is a governance point investors may want to track, while the addition of a new independent director is a positive board refresh signal.