Q2 2026 Ashapuri Gold Ornament Ltd Earnings Call Transcript
Key Points
- Ashapuri Gold Ornament Ltd (BOM:542579) reported a strong volume-led growth with a 20% year-on-year increase in sales quantity.
- Total income grew by 18% year-on-year to INR102 crores, indicating robust financial performance.
- EBITDA margin doubled to INR11.47 crores, resulting in a 540 basis points margin expansion to 11%.
- Profit after tax increased by 145% year-on-year, amounting to INR8.47 crores, reflecting improved profitability.
- The company secured INR102 crores of fresh domestic orders at IIJS 2025, enhancing order visibility and trust among retail chains.
- The company operates at a high capacity utilization level of over 90%, which may limit its ability to scale up production quickly.
- There is a reliance on gold price stability, as fluctuations can impact margins and revenue forecasts.
- The share of the Aneya collection, a new product line, is currently less than 5% of the total revenue, indicating limited diversification.
- The company faces challenges in accurately forecasting long-term growth targets, as seen with the lack of clarity for FY27.
- Despite strong growth, the company is still heavily reliant on a few key segments, with 95% of revenue coming from studded jewellery.
Ladies and gentlemen, good day and welcome to Ashapuri Gold Ornament Limited Q2 H1 FY26 results conference call. (Operator Instructions) Please note that this conference has been recorded.
I now hand the conference over to Mr. Ganesh. Thank you and over to you, sir.
Thank you everyone for joining the conference call of Ashapuri Gold Ornament Limited. From the management team, we have Mr. Jitendrakumar Soni, Joint Managing Director; and Mr. Jenik Soni, Chief Executive Officer. With that, now I hand over the call to Mr. Jenik Soni. Over to you, sir.
Thank you, Ganesh. Good afternoon, everyone, and thank you for joining the Ashapuri Gold Ornament Limited quarter two and H1 FY26 earnings call. This has been a very encouraging quarter for us, both occasionally and financially.
In quarter two, we delivered a strong volume-led growth, expanding our sales quantity by 20% year
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