Jewellery stock jumps 13% after reporting 93% YoY increase in net profits
Well-known Jewellery manufacturer and retailer stock jumped up to 13 percent after reporting robust Q3 results with a 93 percent YoY increase in Net Profits.
Stock Price Movement
With a market capitalization of Rs. 832 Crore, the stock of RBZ Jewellers opened at Rs. 191.05 down 2.67 percent from yesterday’s close, but after the announcement of results during market hours it made an intraday high of 221.50 up 12.83 percent and later closed 5 percent up. Additionally, the 1 month’s return for the stock is 4 percent, and the past year’s return is 25 percent.
Q3FY25 Results
The company reported a 67.36 percent YoY increase in revenue from operations from Rs.115.80 Crore in Q3FY24 to Rs. 193.81 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 65.6 percent in revenue from operations from Rs. 116.59 Crore in the previous quarter.
Their Net profit saw a 92.92 percent YoY increase from Rs. 6.78 Crore to Rs. 13.08 Crore for the same period. On a QoQ, basis their net profits also saw an increase of 62.28 percent from Rs. 8.06 Crore for the same period.
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Company Highlights
The company has a customer base across 19 States and 72 cities in India. It operates a modern gold jewelry manufacturing facility on the Sarkhej-Gandhinagar Highway, Ahmedabad, spanning 23,966 sq. ft. The company also owns a spacious 11,667 sq. ft. retail showroom in the Satellite area of Ahmedabad, and the company runs its jewelry retail business under the name of Harit Zaveri.
About the Company
RBZ Jewellers Limited, established in 2008 and headquartered in Ahmedabad, India, is a prominent manufacturer and retailer specializing in antique gold jewelry. The company designs and produces a wide range of jewelry featuring traditional techniques such as jadau, Meena, and Kundan work, catering to both wholesale and retail markets. In the wholesale segment, RBZ Jewellers supplies its products to reputable national, regional, and local family jewelers.
Written By Abhishek Das
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