We herewith submit the Transcript of Earnings call held on 15th May 2026 at 4.30 pm.
RBZJEWEL · price
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RBZ Jewellers reported strong Q4 FY26 results with revenue of INR 190 crores (up 38% YoY), EBITDA of INR 21 crores (up 46% YoY) with margins improving 63 basis points to 11.19%, and PAT of INR 12 crores (up 36% YoY). For full year FY26, revenue stood at INR 637 crores (up 20% YoY) with EBITDA of INR 92 crores (up 43% YoY) and PAT of INR 55 crores (up 41% YoY). The company is planning aggressive retail expansion with 4 new stores - Surat and Rajkot (large format, targeted Q2 FY27) requiring INR 125-150 crores inventory each, plus mid-format stores in Gandhinagar and Maninagar. Management noted recent government measures on gold imports and PM's advisory against gold purchases are being monitored but it's too early to assess impact. April sales were good, but May remains uncertain. The company maintains conservative inventory at 20-25% below market price and targets debt-to-equity ratio of 1:1 to 1.5:1 for expansion.
Strong profitability improvement driven by retail expansion and B2B growth. Expansion plans remain on track though recent regulatory and political developments create near-term uncertainty. Company appears financially positioned to handle debt for new store openings.