Deepa Jewellers Ltd

Deepa Jewellers Q2 FY27 Net Profit Up 37.1% YoY to INR 373 Mn

RESULTS ▲ Positive Development MEDIUM RISK

📅 Filed on BSE: 26 Oct 2026, 10:16 PM IST · BSE ID: 99daa0e6-0002-4a78-86ef-ecb97ea7e80e

View Original BSE Filing (PDF)

💡

In Simple Terms

Deepa Jewellers' profit rose significantly this quarter, driven by strong sales growth, and they opened a new factory.

🤖 AI Summary

Deepa Jewellers reported Q2 FY27 Profit After Tax (PAT) increased 37.1% YoY to INR 373 Mn.
Operational Revenue for Q2 FY27 grew 24.6% YoY to INR 6,256 Mn.
Half Year (H1) FY27 Operational Revenue reached INR 10,567 Mn, a 30.1% YoY increase.
EBITDA for Q2 FY27 was INR 453 Mn, with margins at 7.24%, declining 47 Bps YoY.
The company commenced operations at its new in-house manufacturing facility in Hyderabad during Q2 FY27.

🔢 Key Numbers — exact figures from BSE filing, not rounded

Q2-FY27 Operational Revenue

INR 6,256 Mn

24.6%

Q2-FY27 PAT

INR 373 Mn

37.1%

Q2-FY27 EBITDA Margins

7.24%

(47) Bps

H1-FY27 Operational Revenue

INR 10,567 Mn

30.1%

H1-FY27 PAT

INR 641 Mn

31.9%

H1-FY27 EBITDA Margins

7.95%

(37) Bps

H1-FY27 Finance Cost

INR 45 Mn

95.7%

🏢 How This Affects the Company

📈

Business Impact

Operational Revenue grew 24.6% YoY in Q2 FY27 and 30.1% YoY in H1 FY27, indicating continued expansion in the B2B gold jewellery market.

💰

Financial Impact

Q2 FY27 PAT increased 37.1% YoY to INR 373 Mn, and H1 FY27 PAT grew 31.9% YoY to INR 641 Mn, reflecting improved profitability despite slightly lower EBITDA margins.

⚙️

Operational Impact

The commencement of operations at the new in-house manufacturing facility in Hyderabad strengthens internal production capabilities and reduces reliance on external karigars.

⚠️

Risk Impact

The shift in festive demand to H2 FY27 and seasonality patterns, with H1 contributing around 40% of annual revenue, means growth trajectory is more dependent on H2 performance.

👥 What This Means For Shareholders

✅

Action Required

No specific action required by shareholders based on this results filing.

👤

Who Is Affected

All shareholders are affected by the company's financial performance, with the Q2 FY27 Basic/Diluted EPS at INR 4.10 and H1 FY27 EPS at INR 7.42.

🔍

Management Signal

Management is focused on revenue growth and operational expansion, as evidenced by the new manufacturing facility and the expectation for H2 FY27 growth.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events

Q3 FY27 financial results — assess if H2 revenue seasonality holds.

Updates on manufacturing facility utilization and output growth.

Further details on changes in gross margins and employee expenses.

MEDIUM RISK EBITDA margin compression and significant increase in finance costs are areas to monitor for sustained profitability.

💡 Investor Takeaway

Deepa Jewellers reported Q2 FY27 Operational Revenue of INR 6,256 Mn, up 24.6% YoY, and PAT of INR 373 Mn, a 37.1% YoY increase. H1 FY27 Operational Revenue reached INR 10,567 Mn, growing 30.1% YoY. EBITDA margins saw a slight decline of 47 Bps in Q2 FY27.

⚖️ Strengths & Concerns

✅ Positives

Q2 FY27 Profit After Tax (PAT) increased 37.1% YoY to INR 373 Mn, demonstrating robust earnings growth.
H1 FY27 Operational Revenue grew 30.1% YoY to INR 10,567 Mn, indicating strong top-line expansion.

⚠️ Concerns

Q2 FY27 EBITDA Margins decreased 47 Bps YoY to 7.24%, while H1 FY27 EBITDA Margins declined 37 Bps YoY to 7.95%.
Finance Cost for H1 FY27 increased 95.7% YoY to INR 45 Mn, impacting overall profitability.

📅 Company Track Record

Deepa Jewellers Ltd was incorporated in 2016. The company diversified its product portfolio with CNC machine-cut bangles in 2020 and crossed an annual turnover of INR 10,000 million in 2024. They successfully launched their Initial Public Offering (IPO) in 2026. Prior to this filing, no previous filings were found, suggesting this is a recently listed company.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions

What was Deepa Jewellers' net profit in Q2 FY27?

Deepa Jewellers reported a Profit After Tax (PAT) of INR 373 Mn in Q2 FY27, which represents a 37.1% increase compared to Q2 FY26.

What was Deepa Jewellers' Operational Revenue for Q2 FY27?

Deepa Jewellers' Operational Revenue for Q2 FY27 was INR 6,256 Mn, marking a 24.6% increase year-over-year.

What were the EBITDA Margins for Deepa Jewellers in Q2 FY27?

Deepa Jewellers' EBITDA Margins for Q2 FY27 were 7.24%, a decrease of 47 Bps compared to Q2 FY26.

What was Deepa Jewellers' PAT for the half year ended September 30, 2026 (H1 FY27)?

For H1 FY27, Deepa Jewellers reported a PAT of INR 641 Mn, which is a 31.9% increase over H1 FY26.

Has Deepa Jewellers started any new operations recently?

Yes, during Q2 FY27, Deepa Jewellers commenced operations at its new in-house manufacturing facility in Hyderabad, aiming to strengthen internal manufacturing capabilities.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.

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Deepa Jewellers Q2 FY27 Net Profit Up 37.1% YoY to INR 373 Mn

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