Q2 & H1 FY27 business update: retail revenue +29% YoY, 6 new showrooms, network at 215

Q2 & H1 FY27 business update.

Wed 7 Oct 2026

Q2 Retail Revenue Growth

+29% YoY

SSSG

+19%

Showroom Network

6 showrooms added in Q2, 14 in H1; network now 215

Q2 & H1 FY27 business update

This is a voluntary business update covering the quarter and half year ended 30th September 2026, giving revenue growth, showroom additions, gold price movement and the outlook. The company states these numbers are subject to quarterly limited review and annual statutory audit.

Revenue and same-store sales

• Total revenue growth, including corporate, e-commerce and export, was 31% YoY in Q2 FY27 and 48% YoY in H1 FY27.
• Retail revenue growth was 29% YoY in Q2 and 40% YoY in H1.
• Same-store sales growth (SSSG) from existing stores was 19% in Q2 and 30% in H1.
• E-commerce and digital channel sales grew 53% YoY.
• The company says it achieved its highest-ever topline of Rs 5000 Cr+ in H1 and crossed the Rs 10,000 Cr sales mark on a TTM basis.

Showroom network

• 6 new showrooms were launched in Q2 FY27 — 3 COCO and 3 Franchisee — taking H1 additions to 14.
• Total network now stands at 215 showrooms.
• With a pipeline of COCO and Franchisee stores, the company expects to launch another 10–12 showrooms in H2.

Diamond jewellery and ticket mix

• Diamond jewellery revenue growth by value was 31% in Q2 and 37% in H1.
• Diamond jewellery growth by volume was 7% in Q2 and 12% in H1.
• Stud ratio improved from 11% in Q1 to 12.2% in Q2, and stood at 11.6% for H1.

Gold prices

• Gold prices are described as elevated and volatile, around 28% higher YoY, with insignificant change on a QoQ basis.
• Domestic 24K gold rose about 1.4% from ₹1.44 lakh/10 gm at the start of Q2 to ₹1.46 lakh/10 gm at quarter-end.
• International gold rose about 3% from $4031/Oz to about $4,153/Oz.
• The update mentions volatility between 1,40,000 to 1,50,000 per 10grams, in line with Q1 prices.
• Period-average gold price rise was 28% in Q2 and 51% in H1.

Old gold exchange and margin remark

• Old gold exchange accelerated to a 50%+ level in Q2, which the company links to affordability and demand conversion.
• The update states that higher old gold exchange may put slight pressure on margins.
• Coin and bullion sales remained in single digit and below the 7% mark.

Q3 and H2 outlook

• Q3 FY27 is expected to see strong seasonal demand, supported by wedding demand of about 1.35 Cr weddings in CY 26 and a festive calendar including Dhanteras, Diwali, Durga Puja, Karwa Chauth, Chhath Puja and Christmas.
• The company says elevated gold prices create affordability and working-capital challenges, while also giving organised players an opportunity to gain market share.
• Focus areas listed include lightweight and 9K collections, better inventory turns, reducing inventory days, replenishment discipline and faster conversion of non-moving inventory.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.