Any current/future new fundraising through debt or equity?

No immediate plans for new fundraising through debt or equity in the current financial year. Focus is on operational efficiency and delivering committed performance with existing funds raised from investors. The company has implemented SAP accounting software to enhance financial integrity and operations. Growth opportunities are strong, but fundraising considerations will be evaluated after the current financial year. Management emphasizes a "year of performance" approach—aiming to fulfill commitments before considering further fundraises.

Any current/future capex/capital investment/strategic investment?

RBZ Jewellers currently has manufacturing infrastructure capacity of around two tons. The company projected 1300-1600 kilos volume this year but expects around 1300 kilos due to gold price increase. Expansion timing will be carefully chosen; plans to be ready with expansion by fiscal year 2026. No immediate new store openings, but added 3000 sq ft floor space to existing retail store in Ahmedabad. Focus is on operational efficiency, team building, and strengthening fundamentals before considering fundraising or major capex. After fiscal year 2025, the company may consider further fundraising o

Future growth expectations in sales/revenue/volumes?

RBZ Jewellers aims for revenue between INR 500 crores to INR 600 crores for the fiscal year. They forecast a year-on-year growth rate of approximately 55% to 60% in top-line revenue. Volume guidance was initially around 1,500 kgs, adjusted down to 1,200-1,300 kgs due to higher gold prices. Retail and wholesale volumes show a positive growth of 25% to 30%. Management expects sustained growth for the next two years based on current retail infrastructure. The company is optimistic about B2B growth due to increasing retailer IPO activities. Quarter 3 and 4 are expected to deliver strong performanc

Future growth expectations in earnings/operating earnings/profits/EPS?

RBZ Jewellers expects consistent revenue growth in Q3 and Q4, aiming for INR 500-600 crores in revenue for FY25. Projected bottom line (PAT) guidance is around INR 35 crores for FY25, with hopes to potentially exceed this based on strong festive and wedding season demand. Half-yearly PAT is INR 17 crores; similar or slightly higher PAT expected in the latter half of the year. Operating margins fluctuate depending on the business mix; sale of services yields higher margins, and overall margins are linked to business model changes. Focus on sustainable, fundamental growth by investing in team bu

Current/ Expected Orderbook/ Pending Orders?

The orderbook in the sale of services (job work) segment was slower in quarter one due to organized retailers' deferred demand but improved in quarter two with better orders received after mid-August. Strong demand is currently observed in retail walk-ins, wholesale, and sale of services. The company has good load of job work (sale of services) orders in hand as of November 2024. Quarter three is expected to see significant improvement in all three segments (retail, wholesale, and job work), which management is optimistic about. The management indicated that despite a volume impact in job work

RBZ Jewellers LtdQ2 FY25Consumer Durables

RBZ Jewellers Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹179.76P/E: 12.7Market Cap: ₹718 CrSector: Consumer Durables

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 1

RBZ Jewellers aims for revenue between INR 500 crores to INR 600 crores for the fiscal year.
They forecast a year-on-year growth rate of approximately 55% to 60% in top-line revenue.
Volume guidance was initially around 1,500 kgs, adjusted down to 1,200-1,300 kgs due to higher gold prices.
Retail and wholesale volumes show a positive growth of 25% to 30%.
Management expects sustained growth for the next two years based on current retail infrastructure.
The company is optimistic about B2B growth due to increasing retailer IPO activities.
Quarter 3 and 4 are expected to deliver strong performance, potentially meeting or exceeding guidance.
RBZ is focusing on building strong fundamentals through team expansion and operational efficiency to support future growth.

Margin guidance

Category 3

RBZ Jewellers expects consistent revenue growth in Q3 and Q4, aiming for INR 500-600 crores in revenue for FY25.
Projected bottom line (PAT) guidance is around INR 35 crores for FY25, with hopes to potentially exceed this based on strong festive and wedding season demand.
Half-yearly PAT is INR 17 crores; similar or slightly higher PAT expected in the latter half of the year.
Operating margins fluctuate depending on the business mix; sale of services yields higher margins, and overall margins are linked to business model changes.
Focus on sustainable, fundamental growth by investing in team building, HR resources, and operational efficiency.
Optimistic about B2B and retail segments given market transformation and marquee clients.
Volumes expected around 1,300-1,400 kg with revenue growth supported by rising gold prices despite volume constraints.
Q3 seen as a key quarter to confirm growth trajectory and profitability.

See what RBZ Jewellers Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

No immediate plans for new fundraising through debt or equity in the current financial year.
Focus is on operational efficiency and delivering committed performance with existing funds raised from investors.
The company has implemented SAP accounting software to enhance financial integrity and operations.
Growth opportunities are strong, but fundraising considerations will be evaluated after the current financial year.
Management emphasizes a "year of performance" approach—aiming to fulfill commitments before considering further fundraises.

Order book

Yes

The orderbook in the sale of services (job work) segment was slower in quarter one due to organized retailers' deferred demand but improved in quarter two with better orders received after mid-August.
Strong demand is currently observed in retail walk-ins, wholesale, and sale of services.
The company has good load of job work (sale of services) orders in hand as of November 2024.
Quarter three is expected to see significant improvement in all three segments (retail, wholesale, and job work), which management is optimistic about.
The management indicated that despite a volume impact in job work, retail and wholesale volumes remain positive, with overall volume growth expected to be around 20% by year-end.
Discussions highlight that the demand, both B2B and B2C, is healthy with deferred demand being met currently, supporting confidence in meeting revenue and PAT guidance for FY25.

See what RBZ Jewellers Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

RBZ Jewellers currently has manufacturing infrastructure capacity of around two tons.
The company projected 1300-1600 kilos volume this year but expects around 1300 kilos due to gold price increase.
Expansion timing will be carefully chosen; plans to be ready with expansion by fiscal year 2026.
No immediate new store openings, but added 3000 sq ft floor space to existing retail store in Ahmedabad.
Focus is on operational efficiency, team building, and strengthening fundamentals before considering fundraising or major capex.
After fiscal year 2025, the company may consider further fundraising or capital investments based on performance and opportunities.

Track RBZ Jewellers Ltd — get its next earnings analysis in your feed

How does RBZ Jewellers Ltd rank vs peers in Consumer Durables?

Pro feature

ThisRBZ Jewellers Ltd

Rev 1Mar 3

See where RBZ Jewellers Ltd sits in Consumer DurablesSee which companies these are, and every other name in the sector.Open rankings

How does RBZ Jewellers Ltd rank in Consumer Durables?

Compare RBZ Jewellers Ltd against every Consumer Durables company (Q2 FY25) on revenue, margins and earnings-call signals.

View Consumer Durables leaderboard →

What RBZ Jewellers Ltd's management said in earlier quarters

Others in Consumer Durables this season

Golkunda Diamonds & Jewellery Ltd (Q1 FY27)
Expansion includes increasing capacity by 50-60% and diversifying with lab-grown diamond jewellery, which is seen as a key growth driver in domestic and export…
Symphony Ltd (Q2 FY27)
For the quarter ended 30-Sep-26, the standalone revenue from operations is ₹170 crores, up from ₹155 crores in the same quarter of the prior year, reflecting a…
V-Guard Industries Ltd (Q2 FY27)
1,852.89 crore, up 38.2% YoY from Rs. Key investor presentation takeaways from V-Guard Industries Ltd's Q2 FY27 investor presentation — and how it ranks against
Epack Durable Ltd (Q2 FY27)
Q2 FY27 Operating Revenue: ₹4,393 Mn, up 106.0% YoY (Page 7, 6) . Key investor presentation takeaways from Epack Durable Ltd's Q2 FY27 investor presentation — a

Compare:vs Titan Company vs Asian Paints vs LG Electronics

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →