ScoutQuest26 Oct 2026
Deepa Jewellers544903Quarterly results

Deepa Jewellers Q2 FY27 revenue up 24.6% to INR 6,256 Mn, PAT up 37.1%; Hyderabad manufacturing facility starts operations

Q2 FY27 revenue up 24.6% to INR 6,256 Mn and PAT up 37.1% to INR 373 Mn; H1 revenue up 30.1% to INR 10,567 Mn.

By ScoutQuest · · 1 min read

INR 10,567 Mn
Q2 FY27INR 6,256 MnH1 FY27INR 10,567 Mn
Revenue from operations: INR 6,256 Mn (Q2 FY27) and INR 10,567 Mn (H1 FY27).
Q2 FY27 Revenue
up 24.6% to INR 6,256 Mn
Q2 FY27 PAT
up 37.1% to INR 373 Mn
EBITDA Margin
fell 47 bps to 7.24%
Period
Q2 FY27 and H1 FY27 (quarter and half year ended…
Positioning
The company describes itself as a B2B jewellery manufacturer-wholesaler specialising in Vadannam and CNC machine cut bangles, with a strong southern presence and pan-India reach through retail chains.

📉 Q2 FY27 revenue from operations rose 24.6% YoY to INR 6,256 Mn and PAT rose 37.1% to INR 373 Mn, while EBITDA margin fell 47 bps to 7.24%. For H1 FY27 revenue grew 30.1% to INR 10,567 Mn and PAT 31.9% to INR 641 Mn; the company attributes PAT margin gains to higher other income and lower tax.

🌍 The company positions itself as a B2B jewellery supplier to retail chains and standalone stores, specialising in Vadannam and CNC cut bangles, with a strong South India presence, a region it cites as holding 38-43% of retail jewellery market share.

📈 Management states H1 typically contributes around 40% of annual revenue and says the shift of festive demand into H2 plus fresh issue proceeds is expected to support growth in H2 FY27. It plans offices in Chennai, Bangalore and Coimbatore and 2 new product categories with 22 SKUs by FY27.

💰 The balance sheet shows total equity rising to INR 5,325 Mn in H1 FY27 from 2,381 Mn in FY26, with current borrowings down to 131 Mn and debt/equity at 0.1x, per the presentation.

More numbers
  • Revenue from operations, Q2 FY27INR 6,256 Mn
  • Revenue growth YoY, Q2 FY2724.6%
  • EBITDA, Q2 FY27INR 453 Mn
  • EBITDA margin, Q2 FY277.24%
  • PAT, Q2 FY27INR 373 Mn
  • PAT growth YoY, Q2 FY2737.1%
  • Diluted EPS, Q2 FY27INR 4.10
  • Revenue from operations, H1 FY27INR 10,567 Mn
  • PAT, H1 FY27INR 641 Mn
  • Gross margin, Q2 FY277.80%
  • Total equity, H1-FY275,325 (INR Mn)
  • Revenue from operations, FY2619,267 (INR Mn)
  • PAT, FY261,048 (INR Mn)
Source: BSE · 26 Oct 2026

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