A jewellery stock that has delivered over 200% returns in the last five years is back in the spotlight after the company reported a 61% jump in its net profit for the March quarter. The strong financial performance has reignited investor interest in the counter, which has been a consistent wealth creator.
Financial Highlights
The company's net profit rose 61% year-on-year to Rs 125 crore in the fourth quarter of FY26, driven by robust sales and improved margins. Revenue from operations grew 28% to Rs 1,200 crore, supported by higher demand for gold and diamond jewellery during the wedding season. The board has recommended a dividend of Rs 5 per share.
Stock Performance
The stock has rallied over 200% in the past five years, outperforming the broader market. In the last one year alone, it has gained nearly 80%. Analysts attribute the rally to the company's strong brand presence, expanding retail network, and focus on affordable jewellery segments.
Outlook
Management expects the growth momentum to continue, buoyed by festive demand and new store openings. The company plans to add 50 new outlets in FY27, focusing on tier-2 and tier-3 cities. With gold prices remaining firm and consumer sentiment positive, the jewellery sector is poised for steady growth.
Investors are advised to monitor the stock for any profit-booking opportunities, but long-term holders may benefit from the company's consistent performance and expansion plans.
