Deepa Jewellers Ltd (DEEPA) — Financial Results | 30 September 2026

Deepa Jewellers reported Q1 FY27 revenue of INR 4,311 million, up 39% YoY, driven by strong demand in gold waist belts and CNC bangles. EBITDA margin fell 34 basis points to 8.98% due to higher employee costs from new manufacturing setup, while PAT grew 27% YoY to INR 268 million despite margin pressure from depreciation and finance costs. The company expanded its southern footprint with a new Vijayawada office and plans in-house manufacturing in Hyderabad to reduce karigar dependency and capture margins. Customer base remains stable with 18 long-term retail chain partners. Forward-looking statements highlight growth ambitions but carry execution and market risks.