Ashapuri Gold Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
Published 26 Aug 2026 | Consumer Durables | Market Cap: ₹131 Cr
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
Rank 3- →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.
- →Design innovation and product diversification (14-carat jewelry, fusion category) also support future growth.
- →Capacity expansion is ready to support higher volumes when demand increases.
See what Ashapuri Gold said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
No information- →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.
- →Management stated that as per company and promoter decisions, capital investments will be done when needed, but currently nothing is planned.
- →Focus is more on operational growth, design innovation, and expanding presence in high-potential domestic markets at this time.
See what Ashapuri Gold said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
No information- →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).
- →Orders from two national chains, including 18-carat jewelry, have started coming in, reflecting a good order pipeline (Page 6).
- →The overall order flow was impacted last quarter due to gold price volatility but is stabilizing with order dispatches resuming (Page 11).
Key Metrics
0 of 5 growth signals positive in the Q3 FY26 call.
Revenue
Margin
Capex
Fundraise
Order Book
How does Ashapuri Gold rank vs peers in Consumer Durables?
Pro featureSee full Consumer Durables sector rankings
Price
₹3.97
Market Cap
₹131 Cr
P/E Ratio
6.4
Ashapuri Gold — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹91 Cr, net profit ₹6 Cr.
Full financials →Continue your research
What Ashapuri Gold'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.