Ashapuri Gold
Ashapuri Gold Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q3 FY26 call signalled
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The short version
Management targets 15% to 20% volume growth for the full fiscal year FY '26, with focus on recovering lost momentum in Q4 after gold price stabilization. Q3 FY'26 PAT grew by 7.76% YoY and EBITDA grew by 22.01% YoY, with EBITDA margin expansion of 233 bps to 8.78% and PAT margin improving by 103 bps to 6.11%.
From Ashapuri Gold's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Management targets 15% to 20% volume growth for the full fiscal year FY '26, with focus on recovering lost momentum in Q4 after gold price stabilization.
- Q3 volume degrowth was 29% QoQ due to gold price hikes impacting demand, but demand is reviving as prices stabilize.
- Expect Q4 and Q1 FY '27 to show ~20% volume growth as consumer confidence returns and order cycles normalize.
- Revenue growth may not fully reflect in rupee terms due to gold price volatility; quantity growth is a more realistic measure for the company.
- Growth is driven primarily by increased orders from national corporate chains and expansion in high-margin segments like Diamond Polki and 18-carat jewelry.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Ashapuri Gold said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Currently, there is no specific mention of any immediate or planned capital expenditure or strategic investment.
- Capacity expansion from 750 kgs to 1500 kgs has been done in phases: last year they achieved 93% utilization on one 500 kg floor, and this year added another floor for an additional 250 kgs capacity (50% utilization targeted on new floor).
- The setup for 750 kgs capacity is ready; further utilization depends on demand recovery.
- No concrete plans shared for any new strategic investments or expansions beyond this.
2 more points management made on capital expenditure plans
Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ashapuri Gold said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The last quarter's order book was around INR 110 crores (Page 13).
- As of this conference, some previous orders on hold have started being dispatched, and new orders have come in (Page 13).
- The company is preparing a summarized order book update to be shared on the Exchange in 1-2 days (Pages 10 and 13).
- Approximately 80% to 90% of IIJS Premier orders have been dispatched, and 80% of IIJS Signature orders are aimed to be dispatched within 60 days (Page 6).
2 more points management made on order book & pipeline
Ashapuri Gold — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹91 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ashapuri Gold Ornament Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ashapuri Gold Q3 FY26 results?
Management targets 15% to 20% volume growth for the full fiscal year FY '26, with focus on recovering lost momentum in Q4 after gold price stabilization. Q3 FY'26 PAT grew by 7.76% YoY and EBITDA grew by 22.01% YoY, with EBITDA margin expansion of 233 bps to 8.78% and PAT margin improving by 103 bps to 6.11%.
What is Ashapuri Gold share price analysis?
Ashapuri Gold currently shows a below-average growth signal. The stock trades at a P/E of 6.4 with a market cap of ₹131 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ashapuri Gold planning capital expenditure?
Currently, there is no specific mention of any immediate or planned capital expenditure or strategic investment.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.