Advit Jewels FY26 profit rises 36%, but shares fall 6%

Jaipur-based jewellery manufacturer Advit Jewels reported FY26 net profit of ₹34.39 crore, up 35.56% year on year, on total income of ₹167.03 crore. EBITDA rose 32.52% to ₹49.24 crore, while margin narrowed 26 basis points to 29.48%.

— Source publishedTue, 21 Jul, 2026, 10:52 IST·First seen Tue, 21 Jul, 2026, 10:57 IST·Source The Hindu BusinessLine

What happened

Jaipur-based jewellery maker Advit Jewels reported FY26 net profit growth of 35.56% and income growth of 33.68%. Despite the results, its shares fell 6.06%. The

Key facts

  • FY26 net profit: ₹34.39 crore, up 35.56% YoY
  • FY26 total income: ₹167.03 crore, up 33.68% YoY
  • FY26 EBITDA: ₹49.24 crore, up 32.52% YoY
  • FY26 EBITDA margin: 29.48%, down 26 basis points
  • FY26 net profit margin: 20.59%
  • FY26 diluted EPS: ₹10.74 versus ₹7.92
  • Q4 FY26 total income: ₹43.23 crore
  • Q4 FY26 net profit: ₹8.74 crore
  • Q4 FY26 EBITDA: ₹12.56 crore
  • Installed capacity: 400 kg of gold jewellery annually
  • Share price: ₹200.58, down 6.06%

Why this matters

Advit Jewels’ ₹167.03 crore revenue base and robust profitability support expansion capacity, but preserving near-30% margins should be central to any growth or partnership strategy.

What to watch

  • Next quarterly revenue growth versus the FY26 growth pace.
  • EBITDA margin recovering above or declining further from 29.48%.
  • Operating cash-flow conversion relative to ₹34.39 crore FY26 net profit.
  • Inventory and receivable days, particularly if gold prices remain elevated or volatile.
  • Management guidance on order book, capacity expansion and demand visibility.
  • Share-price reaction and trading volumes after the results selloff, indicating whether institutional holders are reducing exposure.
  • Assess whether the revenue increase was driven by volume, gold-price pass-through or customer-mix changes.
  • Track gross/EBITDA margin sequentially for evidence that the FY26 26-bp decline is temporary rather than structural.
  • Monitor inventory, receivables, operating cash flow and borrowing requirements relative to reported profit growth.
  • Look for management commentary on export/domestic demand, order visibility, capacity utilisation and new customer additions.
  • Watch for any update on dividend policy, capital expenditure, equity issuance or promoter transactions that could affect free-float and valuation.