Ashapuri Gold
Ashapuri Gold Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹91Cr
- −10.1% YoY
- Net profit
- ₹6Cr
- +7.7% YoY
- Margin
- 8.77%
- +2.7 pp YoY
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What the Q3 FY26 call signalled
0 of 2 strong
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.
- 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 from Ashapuri Gold's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- 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 from Ashapuri Gold's call on capex
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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
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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 from Ashapuri Gold's call on order book
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Ashapuri Gold — Quarterly revenue & net profit
Ashapuri Gold Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 91 | 101 | -10.1% | 102 | -10.9% |
| Operating profit (EBITDA) | 8 | 6 | +30.7% | 11 | -30.2% |
| Operating margin | 8.77% | 6.03% | +2.7 pp | 11.19% | -2.4 pp |
| Profit before tax | 8 | 6 | +25.2% | 11 | -30.6% |
| Net profit (PAT) | 6 | 5 | +7.7% | 8 | -34.2% |
| EPS (₹) | 0.17 | 0.16 | +6.3% | 0.25 | -32% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹78 Cr, net profit ₹7 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ashapuri Gold's management said in earlier quarters
Others in Consumer Durables this season
- Nitco (Q3 FY26)
Q3 FY26 revenue from operations: INR 131.18 crore, up 56% YoY from INR 84.05 crore in Q3 FY25. Key investor presentation takeaways from Nitco Ltd's Q3 FY26 inve
- La Opala RG (Q3 FY26)
Year-on-Year (Y-o-Y) change in revenue: -7.44% . Key investor presentation takeaways from La Opala RG Ltd's Q3 FY26 investor presentation — and how it ranks aga
- Global Surfaces (Q3 FY26)
Q3-FY26 revenue from operations: INR 593 Mn (28.6% YoY increase from INR 461 Mn in Q3-FY25) [Page 22] . Key investor presentation takeaways from Global Surfaces
- PC Jeweller (Q3 FY26)
875 crores, up 37% YoY from Rs. Key investor presentation takeaways from PC Jeweller Ltd's Q3 FY26 investor presentation — and how it ranks against sector peers
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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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.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.