Q3 profit up 37%, revenue up 38% YoY; board approves Rs 32.3 cr warehouse buy
MVGJL · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.6 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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Vaibhav Jewellers Q3 FY26 revenue rose to Rs 684.80 cr from Rs 497.63 cr YoY, a 38% jump. Net profit grew to Rs 34.50 cr from Rs 25.25 cr, up 37%. Nine-month revenue reached Rs 1,989.56 cr and PAT Rs 86.82 cr. The board also approved buying a 1.5 lakh sq ft fully leased warehouse for Rs 32.29 cr, with a Kia partner company as tenant. The deal is not a related party transaction. A one-time Rs 1.44 cr charge was booked for new labour codes.
Strong Q3 shows healthy festive demand. Warehouse buy adds rental income stream but ties up Rs 32 cr of capital.