Advit Jewels Ltd (RAMBHAJO) Q2FY27 Concall Transcript - Sep-2026 Qtr
Moderator: Ladies and gentlemen, good day, and welcome to Advit Jewels Limited Q2 FY '27 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Laksh Bery from Kiran Advisors. Thank you, and over to you, Mr. Laksh.
Laksh Bery (Kiran Advisors): Thank you. Good afternoon, everyone. On behalf of Kiran Advisors, I welcome you all to Q2 FY '27 earnings conference call of Advit Jewels Limited. From the management team, we have Mr. Nitin Dedhia, Chairman and Managing Director, and Mr. Deepesh Sharma, Chief Financial Officer. With that, now I hand over the call to Mr. Nitin Dedhia for the opening remarks. Over to you, sir. Thank you.
Nitin Dedhia (Advit Jewels Ltd): Good afternoon, everyone, and a warm welcome to our investors, analysts, and stakeholders joining us for the Q2 and H1 financial year '27 earnings conference call of Advit Jewels Limited. On behalf of the management team, thank you for your continued support and trust. The Indian jewelry market is witnessing an encouraging shift in consumer preferences. While bridal jewelry remains a strong category, demand for premium hand-crafted and design
Nitin Dedhia (Advit Jewels Ltd): and jewellery is growing beyond traditional wedding purchases. Younger and affluent customers are increasingly valuing jewellery for its craftsmanship, uniqueness, heritage, and emotional appeal, with a growing preference for distinctive pieces that reflect personal style and lifestyle choices also. We believe this evolving demand for heritage-inspired and art-led jewellery luxury jewellery aligns strongly with Rambhajos market legacy and strengthens, creating significant long-term growth opportunities for Advit Jewels Limited. Our story began in 1921 in Jaipur, when our family laid the foundation of Rambhajos for more than 105 years and across four generations. And today, the fifth generation is also preparing to carry that legacy forward. Very few jewellery houses in India can speak of a century of unbroken craftsmanship and customer trust. For us, that trust is our greatest asset and it is the foundation on which we are building our future. Our expertise lies in handcrafted Kundan Meena, polki, jadau diamond jewellery with bridal jewellery at the heart of everything we do. Building on this core, we are now adding contemporary men's jewellery and lightweight, pret jewellery designed for Gen Z and millennials customers looking for everyday luxury. Our integrated manufacturing facility in Jaipur has an installed annual capacity of 400 kg of jewellery, equipped with advanced 3D printing, modern casting technologies. It houses all key processes, including design, casting, stone setting, polishing, quality control, ensuring complete control over quality, timeless, lines, and cost. The facility is powered by 56 skilled karigars at this moment, whose generations old craftsmanship forms the foundation of our jewellery-making expertise. We continue to invest in their skills, blending traditional artistry with modern manufacturing capabilities. A key milestone in our growth journey is the upcoming launch of our showroom in premium area of Defence Colony in Delhi. One of It's one of its most prestigious business hub targeted to open in Q4 2027 20 Yeah, it's 25 26 27. The showroom will showcase our handcrafted Kundan, polki, jadau jewellery to customers across Delhi NCR, marking Rambhajos first expansion beyond Rajas- Rajasthan and beginning for of its calibrated retail expansion. Meanwhile, the development of our flagship store in Jaipur is progressing well with construction completed and interior work on currently underway. Spanning approximately 35,000 square feet, this flagship destination will be a significant milestone in strengthening Rambhajos brand presence and show- showcasing its rich jewellery heritage and craftsmanship in a B2C segment. Let me know Let me now take you through our financial performances. For the second quarter, revenue grew 23.93%, around 24%, year on year to 59.1 crore. EBITDA rose 19 18.8, that is approximately 19% to 16.4 crores, with a healthy EBITDA margin of 27.8%. That I am most pleased with is the bottom line, net profit grew 28% to 12.76 crores, faster than our revenue, and our net profit margin expanded by 68 basis points to 21.6%. For the first half, revenue grew 28.6% year on year to 94.5 crore, and EBITDA margins stood at the strong 29.8%. Net profit rose to 31.7% to 20.95 crore, and net profit margin expanded to by 51 basis points to 22.2%. Going forward, we plan to grow our business network across India, launch new collections, and expand its into international markets over time. Before I conclude, I would like to thank our customers, business partners, artisans, employees, and shareholders for their continuous support, trust. I now trust I I now request the moderator to open the floor for questions. Thank you so much.
Moderator: Thank you. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on their touchtone telephone. If you
Moderator: To remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line of Vinod Shah from VS Ventures. Please go ahead. Mr. Shah, please go ahead.
Vinod Shah (VS Ventures): Hello, am I audible?
Nitin Dedhia (Advit Jewels Ltd): Yes, you are.
Vinod Shah (VS Ventures): Okay, good afternoon, sir.
Nitin Dedhia (Advit Jewels Ltd): Good afternoon.
Vinod Shah (VS Ventures): Yeah, sir. I just had a couple of questions. So, sir, our effective tax rate is around 17% to 18%, which is like below the corporate tax. So, what explains the difference and where do you see the tax difference in next two to three years?
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