RBZ Jewellers Ltd (BOM:544060)
₹ 141.65 +1.05 (+0.75%) Market Cap: 5.63 Bil Enterprise Value: 7.30 Bil PE Ratio: 10.36 PB Ratio: 1.89 GF Score: 45/100

Q3 2026 RBZ Jewellers Ltd Earnings Call Transcript

Feb 16, 2026 / 10:30AM GMT

Key Points

Positve
  • RBZ Jewellers Ltd (NSE:RBZJEWEL) reported a 17% year-on-year growth in revenue for the quarter, reaching INR226 crores.
  • EBITDA for the quarter increased by 36% year-on-year to INR30 crores, with an expansion in EBITDA margin by 184 basis points to 13.04%.
  • The company experienced a strong retail revenue growth of 39% year-on-year, driven by festive demand and a robust wedding season.
  • RBZ Jewellers Ltd (NSE:RBZJEWEL) plans to expand its retail presence in Gujarat with new stores in Surat, Rajkot, and Ahmedabad, aiming to capitalize on the upcoming wedding season and regional festivals.
  • The company launched approximately 951 new designs during the quarter, enhancing its product portfolio, particularly in the occasion wear segment.
Negative
  • Wholesale revenues declined by 12% year-on-year, and job work revenue decreased by 46% year-on-year, indicating challenges in these segments.
  • The company faced pressure on margins due to high gold prices, impacting the B2B segment.
  • There was a delay in the opening of new stores, which could affect short-term revenue growth.
  • RBZ Jewellers Ltd (NSE:RBZJEWEL) did not experience significant inventory gains this quarter, unlike some of its peers.
  • The company anticipates a potential slowdown in the market post-March, which could impact future sales.
Operator

Ladies and gentlemen, good day and welcome to Q3 and nine months FY26 earnings conference call of RBZ Jewellers Limited. (Operator Instructions) I now hand over the conference to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, ma'am.

Purvangi Jain
Valorem Advisors - Moderator

Good evening, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of RBZ Jewelers Limited. On behalf of the company and Valorem Advisors, I'd like to thank you all for participating in the company's earnings conference call for the third quarter and nine months ended of the financial year 2026.

Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings conference call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information

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