Earnings Call Transcripts

AI summary - Q4 FY26 showed strong top-line growth across all businesses and brands - Gold sourcing stable for Q1; no short-term cost increase expected on gold loans - International business profitable for full year; Q4 loss due to GCC disruptions and restructuring - Buyer growth returned to 8% in Q4, driven by gold price rise and diamond campaigns - Watches division grew 14% with analog watches contributing ~85-90% revenue - FY27 jewellery sales growth guidance maintained at 15-20%, dependent on gold price trends - Margin sustainability challenged by gold price and product mix; efforts on mix and cost control ongoing - New gemstone 'Hues' collection launched to grow category and attract design seekers - Market share gain of 50-60 bps in FY26; formalization and brand trust key growth drivers - Store optimization and marketing investments impacted EyeCare EBIT; revenue growth at 16-17% - CaratLane growth at 22-23%; ERP migration caused short-term operational issues - Exchange program and product innovations support buyer growth and category expansion