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Revenue
Pending
verification pending
Revenue YoY
7.76%
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Ashapuri Gold reported Q3 FY26 revenue growth of 7.76% YoY and EBITDA growth of 22.01% YoY, with EBITDA margin expanding 233 bps to 8.78%. However, volume declined 29% YoY due to gold price volatility, which caused consumers to defer purchases. Management expects volume recovery in Q4 as gold prices stabilize, targeting 20% volume growth for the full year. The company is pivoting to 18-carat and diamond/polki segments to address affordability, and has secured new orders from national chains. Key risk: sustained high gold prices could further delay consumer demand recovery, impacting volume targets.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated target of 20% volume growth for the full year, expecting recovery in Q4 as gold prices stabilize.
- Management expects volume to recover in Q4 FY26 as gold price volatility subsides and consumer demand returns.
- Company has applied for NSE main board listing; documentation scrutiny is ongoing.
Risks flagged
- Gold price spike of ~50% has led to consumer hesitation and volume decline; if prices remain high, recovery may be delayed.
- Analyst pointed out that 9-month volume growth is flat vs 20% target; management acknowledged impact but expects Q4 recovery.
- Analyst asked about earlier indication of promoter holding increase; management denied making such a statement, creating uncertainty.
Key quotes
- We are delighted to report another good quarter of performance in Q3 FY26 with revenue growing by 7.76% year on year and EBITDA growth of 22.01% year on year.
- If gold price stabilizes, consumer confidence will return and buying will start. We are positive that recovery will happen in the next one or two quarters.
- We are focusing on design IP and plan to file patents for unique components and shapes starting August this year.
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