RBZ Jewellers LimitedQuarter Ended 30.06.2026 Results & Financial Update
RBZ Jewellers Limited: Quarter Ended 30.06.2026 standalone results and company financials – revenue ₹120.80 Cr, PAT ₹9.09 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore RBZ Jewellers Quarter Ended 30.06.2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
RBZ Jewellers Limited delivered a healthy operational performance for the first quarter of fiscal 2027, recording revenue from operations of INR 120.80 crore.
On a year-on-year basis, operational revenue increased significantly compared to INR 75.58 crore reported in Q1 FY26, driven by robust customer demand and higher jewellery sales.
Sequentially, revenue moderated from INR 189.48 crore in Q4 FY26 due to typical seasonal patterns following peak wedding and festive quarters.
Profit after tax for the quarter stood at INR 9.09 crore, compared to INR 7.12 crore in the corresponding quarter of the previous year.
The company maintained rigorous cost management across operations, with total expenses for the quarter recorded at INR 108.76 crore.
During the quarter, the company actively participated in five trade shows and exhibitions across regions like Saurashtra and North Gujarat to engage trade partners and expand reach.
Management continued to execute its strategic roadmap, focusing on expanding its retail presence in Gujarat and leveraging targeted digital marketing campaigns.
01 · Business model
What does RBZ Jewellers do?
RBZ Jewellers Limited, founded in 2008 and led by Mr. Rajendrakumar Zaveri and Mr. Harit Zaveri, is an organized gold jewellery manufacturer with a distinct specialization in Antique Gold bridal jewellery.
The company operates through wholesale, job-work, and direct-to-consumer retail segments, supplying customized products to leading national and regional retailers across India as well as consumers through its flagship store in Ahmedabad.
Its primary manufacturing facility is located on the Sarkhej Gandhinagar Highway in Ahmedabad, Gujarat, spanning 23,966 square feet and equipped with advanced casting, laser, and 3D printing technologies.
The retail division operates under the brand name 'Harit Zaveri Jewellers' from a showroom in the Satellite area of Ahmedabad, offering a broad selection of occasion-wear and daily-wear jewellery.
02 · Historical context
What shaped the business before this quarter
Founded in 2008, the company has expanded over three decades of industry presence into an organized manufacturer with an annual production capacity exceeding 2 tons.
The company established its flagship retail showroom under the 'Harit Zaveri Jewellers' brand in Ahmedabad, spanning 11,667 square feet to serve retail customers directly.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter Ended 30.06.2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹120.80 Cr | ₹75.58 Cr | ₹189.48 Cr |
| Total income | ₹120.91 Cr | ₹75.62 Cr | ₹189.74 Cr |
| Profit before tax | ₹12.16 Cr | ₹9.59 Cr | ₹16.06 Cr |
| Profit after tax | ₹9.09 Cr | ₹7.12 Cr | ₹11.68 Cr |
| EPS | ₹2.27 | ₹1.78 | ₹2.92 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 7.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 10.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.11 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Growth was supported by steady underlying customer demand across both wholesale and retail channels during the quarter.
Engagement across five jewellery exhibitions in Gujarat helped showcase collections and acquire new trade partners.
What drove margins
The job-work segment operates with customer-supplied gold, functioning as a high-margin revenue stream with minimal working capital requirements.
End-to-end in-house manufacturing capabilities help control process losses and manage precious metal security efficiently.
05 · Demand, customers & order book
Where demand is coming from
The wholesale and job-work divisions supplied customized gold jewellery to prominent national retailers including Titan, Malabar Gold, and Senco Gold.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The retail division continued to offer bridal, occasion, and daily-wear collections, maintaining a product mix comprising approximately 65% occasion wear and 35% daily wear.
The wholesale business served around 190 retail partners across 72 cities in 20 states, catering to marquee national brands.
Geography and market mix
Retail expansion plans remained on track for new showrooms in Surat, Rajkot, Maninagar, and Gandhinagar to deepen penetration in high-growth Gujarat markets.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The Ahmedabad facility operates with a design capacity to accommodate up to 250 skilled artisans and 200 employees, supporting an annual production capacity of over 2 tons.
Projects, capex and execution
Capital expenditure efforts remained focused on upcoming showroom fit-outs in Surat and Rajkot slated for launch in Q2 and early Q3.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company scaled its digital footprint, with social media followers growing to 185,000 supported by targeted campaigns like 'Akshay Tritiya', 'Aangan', and lightweight 18K Rose Gold collections.
09 · Reported developments
What changed operationally
Statutory auditors Sorab S. Engineer & Co. issued an unmodified review conclusion on the standalone financial results for the quarter.
10 · Management guidance & targets
What management is targeting from here
Management targeted expanding its retail footprint with 7 new showrooms across Gujarat over a two-year period ending March 2027.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Exhibition Outreach
The company participated in five jewellery exhibitions across Saurashtra, North Gujarat, and Ahmedabad during Q1 FY27 to strengthen trade relationships.
12 · Key Q&A
The quarter, answered directly
What does RBZ Jewellers do?
RBZ Jewellers Limited, founded in 2008 and led by Mr. Rajendrakumar Zaveri and Mr. Harit Zaveri, is an organized gold jewellery manufacturer with a distinct specialization in Antique Gold bridal jewellery.
What is the clearest takeaway from Quarter Ended 30.06.2026?
RBZ Jewellers Limited delivered a healthy operational performance for the first quarter of fiscal 2027, recording revenue from operations of INR 120.80 crore.
What drove revenue or demand?
Growth was supported by steady underlying customer demand across both wholesale and retail channels during the quarter.
What mattered most for margins or profitability?
The job-work segment operates with customer-supplied gold, functioning as a high-margin revenue stream with minimal working capital requirements.
What changed operationally beyond the headline numbers?
The Ahmedabad facility operates with a design capacity to accommodate up to 250 skilled artisans and 200 employees, supporting an annual production capacity of over 2 tons.
What is management guiding or targeting from here?
Management targeted expanding its retail footprint with 7 new showrooms across Gujarat over a two-year period ending March 2027.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Showroom Launches: Monitor the commercial launch and operational progress of new retail showrooms in Surat and Rajkot.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.