National News
D.P. Abhushan Delivers Strong Operating Performance in Ǫ2FY2C
EBITDA surged by 99%YoY, and Net Profit doubles by 105% YoY to Rs.51.4 crores
DP Abhushan Limited, a company marking golden legacy of 85 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 11 different geographics in India, announced its financial results for the Second quarter and half year ended 30th September 2025.
Ǫ2FY2C Highlights
- Reported Total Revenue of ₹967.74 crore, marking a 79% QoQ growth, though a 4% decline YoY due to a sharp increase in gold prices.
- EBITDA stood at ₹75.80 crore, up 37% QoQ and 99% YoY, with an EBITDA margin of 7.83%, improving 404 bps YoY.
- Profit After Tax (PAT) rose to ₹51.46 crore, a 41% QoQ and 105% YoY increase, and the margin improved to 5.32%, up 282 bps YoY.
H1FY2C Highlights
- Total Revenue for H1FY26 was ₹1509.06 crore, flat YoY.
- EBITDA increased to Rs.131.05 crore, a 71% YoY growth, with an EBITDA margin of 8.68%, up 363 bps YoY.
- PAT for the half year reached ₹87.88 crore, a 75% YoY increase. Margin improved to 5.82%, up 250 bps YoY.

Commenting on the performance, Santosh Kataria, Managing Director, said: “We are pleased to report a resilient performance in Ǫ2FY2C, despite the challenging industry environment. The quarter was marked by a sharp surge in gold prices, rising nearly 45% YoY and 8%, surpassing Rs.100,000 per 10 grams in the retail market. This unprecedented increase, driven by global economic uncertainties, led many consumers to defer purchases in anticipation of a price correction or stabilisation. However, a healthy demand recovery was observed at the end of Sept due to the early festive season.
Amid these headwinds, D. P. Abhushan delivered a healthy operational performance with EBITDA reflecting 22% YoY to ₹75.80 crore. Profit After Tax rose 105% YoY to Rs.51.46 crore, with PAT margin improving by 282 bps to 5.32%. During the festive period of Navratri and Dussehra 2025, the Company achieved record festive sales of Rs.237 crore, registering an 85% YoY growth across gold, silver, diamond, and other jewellery categories. With encouraging consumer sentiment and the onset of the wedding season, we remain optimistic. Our continued focus on design-led diamond collections, supported by a strong gold jewellery base across our stores, positions us well for sustainable growth in the coming quarters.”
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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