Deepa Jewellers Q2 FY27 Earnings Call Transcript Released
Deepa Jewellers released Q2 FY27 earnings call transcripts. Revenue grew 25% YoY to ₹626 crore, PAT up 37% YoY to ₹37 crore. Total operating volume increased 13% YoY to 809 kgs. Company projects 40-45% CAGR growth for FY27-29, with EBITDA margins expected to increase by 80-120 bps.
The release of earnings call transcripts provides detailed insights into the company's financial performance and future outlook, which is important for investors. The growth figures and forward-looking statements have a moderate impact on investor understanding and decision-making.
The announcement is a release of earnings call transcripts, which is a routine disclosure. While financial results show growth, the content is factual and does not contain overtly positive or negative news beyond the reported figures.
Deepa Jewellers Limited has released the transcripts of its Earnings Conference Call for the quarter and half-year ended September 30, 2026. The call was held on Tuesday, October 27, 2026, at 4:00 p.m. IST.
During the call, the management provided an overview of the company's business, highlighting its focus on B2B jewellery manufacturing, particularly in South India, with established relationships with major retailers. The commencement of an in-house manufacturing facility in Hyderabad in September 2026 and plans for a second sales office in Chennai by the end of the third quarter were key operational updates. Notably, both promoters and executive directors, Ashish Agarwal and Dev Agarwal, plan to forgo their salaries from October onwards to encourage business profitability.
Operational highlights included a 13% year-on-year increase in total operating volume to 809 kgs for Q2 FY27, with job work volumes seeing a significant 44% YoY growth. For the first half of FY27, total operating volumes grew 12% YoY to 1327 kgs, with job work volumes increasing by 51% YoY.
Financially, for Q2 FY27, revenue from operations grew 25% YoY to ₹626 crore, with EBITDA at ₹45 crore (up 17% YoY) and Profit After Tax (PAT) at ₹37 crore (up 37% YoY). For the first half of FY27, revenue grew 30% YoY to ₹1057 crore, EBITDA increased 24% YoY to ₹84 crore, and PAT stood at ₹64 crore (up 32% YoY).
The management discussed factors affecting margins, including a shift in sales mix towards plain gold jewellery and the impact of new facility expenses. Future growth is expected from geographical expansion (new offices in Chennai and Bangalore), SKU expansion (focusing on studded jewellery), and the rapid expansion of their corporate clientele. The company projects a CAGR growth of 40%-45% for FY27, '28, and '29. Hedging strategies were also detailed, with 94% of gold holding hedged as of September 30, 2026, aiming for 100% coverage in the next two to three quarters. The company expects EBITDA margins to increase by 80-120 basis points over the next 4-6 quarters.
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Deepa Jewellers Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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