D.P. Abhushan Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Consumer Durables | Market Cap: ₹3.4K Cr
The company expects strong revenue growth of around 25% to 30% for FY ’26 and similar growth rates for FY ’27. The company targets strong revenue growth of around 25% to 30% for FY '26 and expects to sustain a similar growth rate in FY '27.
From D.P. Abhushan Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,482
Market Cap
₹3.4K Cr
P/E Ratio
14.2
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D.P. Abhushan Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.3K Cr, net profit ₹51 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company expects strong revenue growth of around 25% to 30% for FY ’26 and similar growth rates for FY ’27.
- →Growth drivers include same-store sales growth (SSSG) of around 10%–15% consistently and new store additions.
- →Around 20 new stores are planned over the next 2-3 years, focusing on Tier-2 and Tier-3 cities across Madhya Pradesh, Rajasthan, Chhattisgarh, Gujarat, and Maharashtra.
- →Q4, driven by the wedding season, is expected to see significantly higher sales, potentially almost doubling compared to earlier quarters.
- →Despite a recent volume decline (~29% YoY for nine months), growth is anticipated to rebound if gold prices stabilize or decline.
- →Lightweight and lower-carat jewellery segments (18-carat, 14-carat, and silver) are growing and expected to contribute to sales growth.
- →Inventory gains from rising gold prices and product mix shifts also support margin and volume expansion prospects.
📈 Profitability & Margins
- →The company targets strong revenue growth of around 25% to 30% for FY '26 and expects to sustain a similar growth rate in FY '27.
- →Growth drivers include same-store sales growth (SSSG) of 10-15% and addition of new stores, with plans to open around 20 new stores by FY '29.
- →Operating leverage and margin expansion are expected as gross profit grows faster (20%-25%) than employee and other operating expenses (10%-12%).
- →EBITDA margins have expanded and are expected to continue improving due to favorable product mix shifts toward higher-margin diamond and silver jewellery alongside gold.
- →Profit after tax (PAT) margins improved to ~6% in Q3 FY '26 and PAT grew 96% YoY for the quarter; this upward profit trajectory is expected to persist.
- →The company remains focused on disciplined execution and margin sustainability, supported by inventory gains and pricing discipline.
🏗️ Capital Expenditure Plans
- →The company plans a capex of INR 2.5 to 3 crores for medium-sized stores (3,000 to 5,000 sq ft) and INR 5 to 7 crores for larger stores (8,000 to 10,000 sq ft).
- →Payback period for capex is generally around nine months based on past experience.
- →Store expansion plans include opening around 4-5 new stores next year and approximately 20 additional stores over the next 2-3 years, focusing on Madhya Pradesh, Rajasthan, Chhattisgarh, Gujarat, and Maharashtra.
- →The company is expanding its lightweight jewellery segment under the brand "Amoura" across existing stores with plans for separate expansion.
- →QIP (Qualified Institutional Placement) fundraising is ongoing, which if successful, will accelerate store expansion and overall growth.
- →Internal accruals will also fund at least one store opening this financial year, with plans for multiple store launches before Akshaya Tritiya and Diwali.
💰 Fundraising & Capital Structure
- →A Qualified Institutional Placement (QIP) process is ongoing, with active efforts being made; an update is expected shortly (Page 14).
- →Market conditions may be awaited to improve before proceeding with the QIP to minimize shareholder dilution (Page 14).
- →The QIP is not directly linked to current store opening delays but if successful, it will accelerate store expansion and overall growth (Page 15).
- →Even without the QIP, the company plans to open stores using internal accruals (Page 15).
- →No specific mention of new debt fundraising in the transcript.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were D.P. Abhushan Ltd Q3 FY26 results?
The company expects strong revenue growth of around 25% to 30% for FY ’26 and similar growth rates for FY ’27. The company targets strong revenue growth of around 25% to 30% for FY '26 and expects to sustain a similar growth rate in FY '27.
What is D.P. Abhushan Ltd share price analysis?
D.P. Abhushan Ltd currently shows a neutral. The stock trades at a P/E of 14.2 with a market cap of ₹3,413 Cr. Investors should review the full earnings analysis for detailed insights.
Is D.P. Abhushan Ltd planning capital expenditure?
The company plans a capex of INR 2.5 to 3 crores for medium-sized stores (3,000 to 5,000 sq ft) and INR 5 to 7 crores for larger stores (8,000 to 10,000 sq ft).
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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.