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D.P. Abhushan Delivers Strong Operating Performance in Ǫ2FY2C

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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.”

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National News

GJC Delegation Meets RBI Deputy Governor, Makes GMS Presentation

The Proposal Was Acknowledged As An Innovative Initiative With The Potential To Become A Game Changer For The Industry and The Nation.

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A GJC delegation comprising Vice Chairman Avinash Gupta, Legal Consultant CA Bhavin Mehta, and National Secretary Mitesh Dhorda met with Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India,  along with his senior team.

During the meeting, the delegation made a detailed presentation on the proposed Gold Monetization Scheme (GMS). The RBI team appreciated the concept of the scheme. The proposal was acknowledged as an innovative initiative with the potential to become a game changer for the industry and the nation.

GJC remains committed to working closely with all stakeholders —including the government, banks, jewellers, gold depositors, and temple trusts—in the larger national interest and for the sustainable growth of the GJ industry.

The Gold Monetization Scheme (GMS) in India was launched with the primary objective of reducing gold imports by mobilizing the vast amount of idle gold held by households, institutions, and temple trusts, thereby decreasing the country’s heavy reliance on gold imports. By encouraging depositors to bring their unused gold into the formal banking system, the scheme puts this dormant gold into productive economic purposes, such as meeting the needs of jewellers and industries without requiring fresh imports.

Additionally, the scheme allows depositors to earn interest on their gold deposits instead of keeping gold idle at home, transforming a non-yielding asset into an income-generating investment while simultaneously strengthening India’s gold supply chain and reducing the trade deficit.

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