Rbz Jewellers Q2 FY27: revenue up 54.9% to ₹225 Cr, net profit down 11.7% to ₹16 Cr
Results · Finvezto · 3 Nov 2026 · Rbz Jewellers (RBZJEWEL)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 225 | - | +54.9% |
| Operating profit | 29 | - | +3.5% |
| Net profit | 16 | - | -11.7% |
| Operating margin | 13.0% | - | -6.5 pp |
| Net margin | 7.3% | - | -5.5 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Revenue grew 55% year-on-year to INR 225 crores in Q2 FY27, driven by retail growth of 72% to INR 148 crores and wholesale growth of 31%. Earnings call
- EBITDA increased 3.5% year-on-year to INR 29 crores with a 13% margin, while PAT stood at INR 16 crores. Earnings call
- Management noted gross margins were impacted by limited gold appreciation and higher bullion sales used for vendor settlements during retail store inventory buildup. Earnings call
What to watch
- Management on store expansion: So currently, you can say that you can expect around three, four store opening every year.
- Management on marketing capex: So we are expecting around INR20 crores to INR25 crores of marketing as an expense because of new stores rollouts and if there is a typical large format store, we would really have to have a celebrity for a store launch, that hoarding etc will be there, ATL and BTL activities.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.