Manoj Vaibhav Gems N Jewellers Limited Q4 FY25 earnings call summary

Earnings call of 4 Jun 2025, summarised by AI from the filing.

Plan to open 10 silver jewellery stores and a Visesha premium store in Visakhapatnam by September.

Key takeaways

1. Expansion Plan to open 10 silver jewellery stores and a Visesha premium store in Visakhapatnam by September.
2. Silver focus Silver jewellery offers 25-30% gross margin vs 12-13% for gold, driving expansion.
3. Risk High gold prices may reduce walk-ins and discretionary purchases.

Original filing on BSE

Manoj Vaibhav Gems N Jewellers Limited Q1 FY27 results

As filed: Revenue ₹714 cr (+30% year on year), EBITDA ₹44.7 cr (+21% year on year), PAT ₹27.6 cr (+18% year on year), EBITDA margin 6.3% (−49 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹754 cr (+7% year on year), EBITDA ₹38.1 cr (−17% year on year), PAT ₹28.2 cr (+4% year on year), EBITDA margin 5.1% (−147 bps). Score 15 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 147 bps year on year. Other income 28% of PBT. Profit fell 18% from last quarter. Share price after the results: −10.3% in 28 days (Nifty 500: +2.2%).
• Q3 FY26: Revenue ₹685 cr (+38% year on year), EBITDA ₹54.3 cr (+47% year on year), PAT ₹34.5 cr (+38% year on year), EBITDA margin 7.9% (+50 bps). Score 83 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 50 bps year on year. Revenue fell 9% from last quarter. Share price after the results: −20.6% in 30 days (Nifty 500: −7.8%).
• Q2 FY26: Revenue ₹756 cr (+18% year on year), EBITDA ₹55.0 cr (+25% year on year), PAT ₹32.0 cr (+19% year on year), EBITDA margin 7.3% (+42 bps). Score 63 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well above it; profit growth was in line with it. EBITDA margin rose 42 bps year on year. Profit rose ₹5.0 cr on a year ago, against ₹5.0 cr the year before. Share price after the results: −7.8% in 30 days (Nifty 500: −0.6%).
• Q1 FY26: Revenue ₹549 cr (+2% year on year), EBITDA ₹37.0 cr (0% year on year), PAT ₹21.0 cr (−5% year on year), EBITDA margin 6.7% (−13 bps). Score 32 of 100, Below trend. EBITDA margin fell 13 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 22% from last quarter. Share price after the results: −8.8% in 30 days (Nifty 500: +1.9%).
• Q4 FY25: Revenue ₹705 cr (+29% year on year), EBITDA ₹46.0 cr (+28% year on year), PAT ₹27.0 cr (+29% year on year), EBITDA margin 6.5% (−7 bps). Score 73 of 100, Above trend. EBITDA margin was flat year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −0.1% in 30 days (Nifty 500: +3.5%).
• Q3 FY25: Revenue ₹498 cr (+5% year on year), EBITDA ₹37.0 cr (+12% year on year), PAT ₹25.0 cr (+32% year on year), EBITDA margin 7.4% (+48 bps). Score 50 of 100, In line with trend. EBITDA margin rose 48 bps year on year. Tax rate 10%. Not enough history for a trend yet: scored on growth alone. Revenue fell 22% from last quarter.
• Q2 FY25: Revenue ₹642 cr (+4% year on year), EBITDA ₹44.0 cr (+5% year on year), PAT ₹27.0 cr (+23% year on year), EBITDA margin 6.9% (+7 bps). Score 46 of 100, In line with trend. EBITDA margin was flat year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Manoj Vaibhav Gems N Jewellers Limited earnings call, investor presentation and press release summaries

• Q4 FY25: Earnings call (4 Jun 2025), Results deck (3 Jun 2025)