RBZ Jewellers Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹718 Cr
- P/E
- 12.66
- ROE
- 20.12%
- PEG
- 0.36
- Price to sales
- 1.05
- Debt to equity
- 0.57
- 52W high / low
- ₹209 / ₹102
- Sales growth (5Y)
- 42.85%
- EBITDA margin
- 14.20%
- Net profit margin
- 8.61%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹682 Cr
Incorporated in 2008, RBZ Jewellers Ltd engaged in manufacturing, trading, and job work of jewellery and other accessories[1]
Guidance scorecard · Q1 FY27 call
What RBZ Jewellers Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
20–40%- Company is on the right track with ongoing transformation towards retail, expecting fundamental growth in coming years.
- Demand outlook for Q2 and Q3 is positive, driven by upcoming festive and wedding seasons.
- Retail segment expected to be the major growth driver, with B2C sales expected to accelerate and gain higher profit share over next 3-4 years.
- Opening of new large-format stores in Surat (Q2), Rajkot, Maninagar, East Ahmedabad, and Gandhinagar (Q3) planned to leverage season demand.
- Targeting breakeven for new stores within one year.
- Expansion planned primarily around Gujarat initially, with future pan-India growth.
2 more points from RBZ Jewellers Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what RBZ Jewellers Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- RBZ Jewellers is opening seven new stores as part of their expansion plan.
- Surat store capex: Approximately INR 10 crores incurred.
- Large format stores (e.g., Surat, Rajkot) have inventory deployment of INR 125-150 crores and carpet area around 10,000 sq ft.
- Mid-format stores (e.g., Maninagar, East Ahmedabad, Gandhinagar) have inventory deployment around INR 50 crores and carpet area around 5,000 sq ft.
- Break-even for store capex targeted within one year.
2 more points from RBZ Jewellers Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what RBZ Jewellers Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- During the earnings call, Harit Zaveri mentioned that the order book levels are very strong for the coming quarter.
- The company witnessed good order backing at the IIJS show, indicating strong demand.
- In July and August, the order kitty was full, reflecting robust orders from customers.
2 more points from RBZ Jewellers Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
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.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of RBZ Jewellers Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of RBZ Jewellers Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 92 | 78 | 74 | 116 | 86 | 82 | 117 | 194 | 137 | 76 | 145 | 226 | 189 |
| Expenses + | 82 | 71 | 60 | 104 | 82 | 68 | 103 | 172 | 123 | 63 | 117 | 197 | 168 |
| Operating Profit | 10 | 8 | 14 | 12 | 5 | 14 | 14 | 22 | 15 | 13 | 28 | 30 | 21 |
| OPM % | 11% | 10% | 19% | 10% | 5% | 17% | 12% | 11% | 11% | 17% | 19% | 13% | 11% |
| Other Income + | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 2 | 3 | 3 | 0 | 2 | 3 | 3 | 2 | 3 | 3 | 5 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 8 | 6 | 11 | 9 | 4 | 12 | 11 | 18 | 11 | 10 | 25 | 23 | 16 |
| Tax % | 25% | 24% | 26% | 26% | 37% | 25% | 25% | 28% | 25% | 26% | 26% | 25% | 27% |
| Net Profit + | 6 | 5 | 8 | 7 | 3 | 9 | 8 | 13 | 9 | 7 | 19 | 17 | 12 |
| EPS in Rs | 14.82 | 1.63 | 2.82 | 1.70 | 0.67 | 2.27 | 2.02 | 3.27 | 2.14 | 1.78 | 4.64 | 4.36 | 2.92 |
Financials of RBZ Jewellers Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 182 | 107 | 252 | 288 | 327 | 530 | 636 |
| Expenses + | 171 | 87 | 225 | 250 | 289 | 465 | 545 |
| Operating Profit | 10 | 20 | 27 | 38 | 38 | 65 | 92 |
| OPM % | 6% | 19% | 11% | 13% | 12% | 12% | 14% |
| Other Income + | 0 | 1 | 0 | 2 | 0 | 1 | 0 |
| Interest | 5 | 6 | 6 | 8 | 8 | 10 | 14 |
| Depreciation | 1 | 2 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 4 | 13 | 20 | 30 | 30 | 53 | 74 |
| Tax % | 28% | 27% | 27% | 25% | 27% | 26% | 26% |
| Net Profit + | 3 | 10 | 14 | 22 | 22 | 39 | 55 |
| EPS in Rs | 7.51 | 24.38 | 36.02 | 7.44 | 5.39 | 9.70 | 13.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of RBZ Jewellers Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 30 | 40 | 40 | 40 |
| Reserves | 43 | 52 | 66 | 62 | 167 | 205 | 260 |
| Borrowings + | 47 | 60 | 64 | 96 | 69 | 91 | 170 |
| Other Liabilities + | 20 | 8 | 20 | 19 | 7 | 16 | 16 |
| Total Liabilities | 115 | 124 | 154 | 207 | 284 | 352 | 486 |
| Fixed Assets + | 14 | 17 | 16 | 25 | 27 | 33 | 62 |
| CWIP | 0 | 0 | 1 | 1 | 2 | 3 | 25 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 101 | 107 | 138 | 181 | 255 | 317 | 399 |
| Total Assets | 115 | 124 | 154 | 207 | 284 | 352 | 486 |
Financials of RBZ Jewellers Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | -3 | 1 | -11 | -49 | -15 | -7 |
| Cash from Investing Activity + | 3 | 1 | -1 | -11 | -4 | -5 | -33 |
| Cash from Financing Activity + | -8 | 2 | -1 | 28 | 59 | 8 | 41 |
| Net Cash Flow | 1 | 0 | -1 | 6 | 7 | -12 | 0 |
| Free Cash Flow | 4 | -2 | -0 | -22 | -53 | -20 | -40 |
| CFO/OP | 72% | 5% | 22% | -8% | -103% | -3% | 13% |
Financials of RBZ Jewellers Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 35 | 20 | 28 | 14 | 12 | 32 |
| Inventory Days | 198 | 443 | 209 | 241 | 313 | 255 | 251 |
| Days Payable | 40 | 21 | 27 | 24 | 3 | 7 | 5 |
| Cash Conversion Cycle | 181 | 457 | 202 | 245 | 324 | 260 | 279 |
| Working Capital Days | 62 | 170 | 95 | 106 | 207 | 147 | 150 |
| ROCE % | 18% | 21% | 24% | 16% | 20% | 22% |
Guidance history
How RBZ Jewellers Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
41 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +29.3% | 78% |
| Last 6 months | +31.9% | 81% |
| Last 3 months | +27.0% | 90% |
The price is 22.6% below its all-time high of ₹232.15 (12 Jan 2024). Stocks more than 20% below their peak have their score halved, so 81 became 41.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For RBZ Jewellers Ltd: 0.4 × 78 + 0.4 × 81 + 0.2 × 90 = 81, halved to 41 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What RBZ Jewellers Ltd's management said in earlier quarters
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