Outcome of Audited Financial Results for the quarter and year ended 31.03.2026.
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Vega Jewellers reported strong audited results for FY26 with consolidated revenue of Rs 98,189 lakhs and PAT of Rs 4,549 lakhs, up from Rs 1,064 lakhs in FY25 standalone. Standalone revenue grew to Rs 59,699 lakhs from Rs 1,030 lakhs, primarily due to first-time consolidation of multiple newly acquired LLPs and subsidiaries. The auditor issued an unmodified (clean) opinion. The company also increased remuneration for its Managing Director and Executive Director. In January 2026, 500,000 convertible warrants were converted to shares and listed on BSE. Cash flow from operations remained negative at Rs 12,848 lakhs standalone due to high inventory build-up of Rs 28,842 lakhs, typical for the jewellery business.
The massive revenue jump reflects structural changes from acquisitions rather than organic growth; however, the clean audit and strong PAT growth are positive signals. The negative operating cash flow due to jewellery inventory accumulation warrants monitoring. Shareholders may see upside from the listing of converted warrants and expansion through new LLPs.