Vega Jewellers (BOM:512026) Gross Margin %: 20.61% (As of Jun. 2026) — 198% Above Median

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BOM:512026 Vega Jewellers Ltd BOM:512026
28 GF Score
Price ₹61.95
! 6 Warning Signs
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What is Vega Jewellers Gross Margin %?

Vega Jewellers BOM:512026 28 Gross Margin % is 20.61% as of Jun. 2026, which is 198% above its 10-year median of 6.91. GuruFocus rates BOM:512026 with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,121 Retail - Cyclical companies, Vega Jewellers ranks worse than 82.16% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Vega Jewellers's Gross Profit for the three months ended in Jun. 2026 was ₹560 Mil. Vega Jewellers's Revenue for the three months ended in Jun. 2026 was ₹2,715 Mil. Therefore, Vega Jewellers's Gross Margin % for the quarter that ended in Jun. 2026 was 20.61%.


The historical rank and industry rank for Vega Jewellers's Gross Margin % or its related term are showing as below:

BOM:512026' s Gross Margin % Range Over the Past 10 Years
Min: 1.71   Med: 6.91   Max: 16.61
Current: 16.61


During the past 13 years, the highest Gross Margin % of Vega Jewellers was 16.61%. The lowest was 1.71%. And the median was 6.91%.

BOM:512026's Gross Margin % is ranked worse than
82.16% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 36.11 vs BOM:512026: 16.61

Vega Jewellers had a gross margin of 20.61% for the quarter that ended in Jun. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Vega Jewellers was 0.00% per year.


Vega Jewellers  (BOM:512026) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Vega Jewellers had a gross margin of 20.61% for the quarter that ended in Jun. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Vega Jewellers Gross Margin % Related Terms


Vega Jewellers Gross Margin % Historical Data

* Premium members only.

The historical data trend for Vega Jewellers's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vega Jewellers Gross Margin % Chart

Vega Jewellers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 4.24 14.63

Vega Jewellers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.31 13.64 17.29 15.04 20.61

BOM:512026 vs TPR: Gross Margin % Comparison

For the Luxury Goods subindustry, Vega Jewellers's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vega Jewellers Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vega Jewellers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Vega Jewellers's Gross Margin % falls into.


BOM:512026
28GF Score
Vega Jewellers Ltd BOM:512026
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vega Jewellers Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Vega Jewellers's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=1436.8 / 9818.885
=(Revenue - Cost of Goods Sold) / Revenue
=(9818.885 - 8382.061) / 9818.885
=14.63 %

Vega Jewellers's Gross Margin for the quarter that ended in Jun. 2026 is calculated as


Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=559.6 / 2715.13
=(Revenue - Cost of Goods Sold) / Revenue
=(2715.13 - 2155.529) / 2715.13
=20.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 20.61% mean?
Vega Jewellers (BOM:512026) has a Gross Margin % of 20.61% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vega Jewellers and its competitors. This is 198% above median its historical median of 6.91. Over the past decade, Vega Jewellers' Gross Margin % has ranged from 1.71 to 16.61. According to the industry distribution chart, Vega Jewellers ranks #921 out of 1121 companies in the Retail - Cyclical industry, placing it in the top 82.2%.
Is Vega Jewellers' Gross Margin % too high?
Vega Jewellers' current Gross Margin % of 20.61% is 198% above median its 10-year median of 6.91. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 16.61. The Retail - Cyclical industry median Gross Margin % is 36.11. Vega Jewellers' value of 20.61% is 42.9% below this industry median. Based on the distribution chart, Vega Jewellers ranks #921 out of 1121 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Vega Jewellers has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Vega Jewellers' Gross Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Vega Jewellers ranks #921 out of 1121 companies for Gross Margin %. This places Vega Jewellers in the lower half of its industry. The industry median Gross Margin % is 36.11. Vega Jewellers' value of 20.61% is 42.9% below this benchmark. Historically, Vega Jewellers' own Gross Margin % has ranged from 1.71 to 16.61 over the past decade. While the company's 10-year median is 6.91 vs. the industry median of 36.11, Vega Jewellers has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.11, based on 1,121 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vega Jewellers's current Gross Margin % of 20.61% is 42.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Vega Jewellers and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vega Jewellers's current Gross Margin % is 20.61%, which is 198% above median its own 10-year median of 6.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vega Jewellers stock overvalued right now?
Vega Jewellers (BOM:512026) has a current Gross Margin % of 20.61%. The current Gross Margin % is 20.61%, which is 198% above median its 10-year median of 6.91 and 42.9% below the Retail - Cyclical industry median of 36.11. Vega Jewellers' overall GF Score™ is 28/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Vega Jewellers (BOM:512026), the current Gross Margin % is 20.61% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vega Jewellers Business Description

Address Road No. 12, 3rd Floor, Banjara Hills, Opposite Police Twin Towers, Above JSP Hyundai Showroom, Hyderabad, TG, IND, 500034
Vega Jewellers Ltd is mainly engaged in the business of jewellery retailing. The company is involved in trading industrial chemicals, and has expanded its business to include the trading, manufacturing, and dealing of all kinds of ornaments and jewellery. Its product portfolio comprises a wide range of jewellery products such as diamond necklaces, diamond rings, polki bangles, kundan pendants, chowkers, gold bangles, and a collection of antique and bridal jewellery products, among others.
28GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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