D. P. Abhushan Ltd (BOM:544161)
₹ 1,427.8 +57.35 (+4.18%) Market Cap: 32.63 Bil Enterprise Value: 35.40 Bil PE Ratio: 13.61 PB Ratio: 5.16 GF Score: 77/100

Q4 2026 D P Abhushan Ltd Earnings Call Transcript

May 22, 2026 / 10:30AM GMT
Release Date Price: ₹966 (+3.51%)

Key Points

Positve
  • D. P. Abhushan Ltd (NSE:DPABHUSHAN) reported a strong revenue growth of 87% year-on-year for Q4 FY26, reaching INR1,338.9 crore.
  • The company successfully expanded its retail footprint with the opening of new stores, increasing the total showroom network to 12 stores.
  • EBITDA for the full year FY26 grew by 77% year-on-year, with an improved EBITDA margin of 7.61%.
  • The silver segment witnessed exceptional growth, with revenue increasing by 333% year-on-year.
  • The company has implemented gold metal loans and hedging strategies to manage volatility and maintain margin stability.
Negative
  • Gross margins experienced compression in Q4 FY26, attributed to product mix and stabilized gold prices.
  • The diamond segment saw a marginal decline of 5% year-on-year, indicating some moderation in premium discretionary spending.
  • Inventory days increased to 100 days in FY26 from 87 days in FY25, due to new store openings requiring significant inventory.
  • The company postponed its QIP plans due to unfavorable market conditions, potentially impacting expansion funding.
  • Operating cash flow conversion has remained weak due to high inventory requirements, affecting sustainable positive cash flow generation.
Operator

Ladies and gentlemen, good day and welcome to the DP Abushin Limited Q4 FY26 earnings call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ajit Mishra from EY Investor Relations. Thank you and over to you, sir.

Ajit Mishra
Ernst & Young - Analyst

Good evening. Thank you for joining the call. I am Ajit Mishra from EY Investor Relations. Before we begin, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors. It must be viewed in conjunction with our business risk that could cause future result performance or achievement to differ significantly from what it expressed or implied by such forward-looking statement. Please note, the press release and the financial results investor presentations have been already circulated via email and are available on the stock exchanges as well as on the company's website. In case anyone has not received the documents, please feel free to reach out to us and we'll be

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