Deepa Jewellers Limited — Q2FY27 earnings call summary
Filed 29 October 2026 · Official transcript
- New Hyderabad manufacturing facility started Sep 2026; volume share to reach 50% by Q4 FY27
- Q2 FY27 revenue grew 25% YoY to INR 626 Cr; EBITDA INR 45 Cr (+17% YoY), margin 7.24%; PAT INR 37 Cr (+37% YoY), margin 5.96%
- H1 FY27 revenue INR 1057 Cr (+30% YoY); EBITDA INR 84 Cr (+24%), margin 7.95%; PAT INR 64 Cr (+32%), margin 6.07%
- EBITDA margin expected to increase 80-120 bps over next 4-6 quarters with manufacturing ramp-up and studded jewellery mix rising
- FY27-FY29 revenue CAGR guidance 40-45%, driven by geographic expansion, SKU additions, and retail client growth
- Job work volumes up 44% YoY in Q2, 51% in H1; higher margin, lower working capital
- Gold price hedging at 94% currently, targeting near 100% in 2-3 quarters to reduce margin volatility
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