Manoj Vaibhav Gems N Jewellers Ltd
Manoj Vaibhav Gems N Jewellers Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets a 15% CAGR growth including new store openings (Page 14). Company targets a 15% CAGR growth including new store openings, aiming for consistent expansion over the medium term.
From Manoj Vaibhav Gems N Jewellers Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets a 15% CAGR growth including new store openings (Page 14).
- For Q4 of the current year, management is confident of achieving a 60%-70% YoY revenue growth, primarily driven by wedding season demand (Page 19, 25).
- Same-store sales growth (SSE) is currently around 1.2%, with a focus on high-margin products improving bottom-line growth more than top-line (Page 9).
- Management aims for double-digit, potentially higher double-digit, growth in Q4 year on year (Page 27).
- The average per day sales for newer 2,500 sq ft stores are estimated at INR12-13 lakhs, with some market research suggesting up to INR25-30 lakhs post-maturity (Page 9).
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Profitability & Margins
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Capital Expenditure Plans
- The company plans to open three new stores before March 2025; these are smaller format stores (~2,500 sq. ft) with a capex of around INR 1.5 crore each.
- For larger flagship stores, the company estimates a capex of INR 300-400 crores, but these take 1-2 years to establish and involve higher operational costs.
- Immediate focus is on expanding smaller stores, as they offer better margins, faster break-even, and lower operational costs compared to larger flagship stores.
- Management is in the planning stage for store expansion and is evaluating locations; specific numbers for FY25, FY26, and FY27 store openings will be shared once finalized.
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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
Manoj Vaibhav Gems N Jewellers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹754 Cr, net profit ₹28 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Manoj Vaibhav's management said in earlier quarters
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Frequently Asked Questions
What were Manoj Vaibhav Gems N Jewellers Ltd Q3 FY25 results?
The company targets a 15% CAGR growth including new store openings (Page 14). Company targets a 15% CAGR growth including new store openings, aiming for consistent expansion over the medium term.
What is Manoj Vaibhav Gems N Jewellers Ltd share price analysis?
Manoj Vaibhav Gems N Jewellers Ltd currently shows a neutral. The stock trades at a P/E of 7.1 with a market cap of ₹825 Cr. Investors should review the full earnings analysis for detailed insights.
Is Manoj Vaibhav Gems N Jewellers Ltd planning capital expenditure?
The company plans to open three new stores before March 2025; these are smaller format stores (~2,500 sq.
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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.