Retail Revenue
₹155 Cr
+39% YoY
Retail segment grew strongly driven by festive and wedding season demand.
RBZJEWELLERS
Diversified
15 Feb 2026
Rbz Jewellers Ltd — Q3 FY26
RBZ Jewellers delivered a steady Q3 FY26 with revenue of ₹226 crore (+17% YoY) and PAT of ₹17 crore (+33% YoY), driven by strong B2C festive and wedding demand (retail revenue +39% YoY to ₹155 crore).
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
RBZ Jewellers delivered a steady Q3 FY26 with revenue of ₹226 crore (+17% YoY) and PAT of ₹17 crore (+33% YoY), driven by strong B2C festive and wedding demand (retail revenue +39% YoY to ₹155 crore). EBITDA margin expanded 184 bps to 13.04%. Wholesale revenue declined 12% YoY due to high gold prices shifting demand to job work, which was muted in Q3. Management guided FY26 revenue of ₹630-650 crore and PAT of ₹50-55 crore, with retail segment on track to meet ₹400 crore guidance. New stores in Surat and Rajkot are delayed to Q2 FY27 for optimal seasonal launch. Key risk: sustained high gold prices could further pressure volumes and B2B margins.
Key Numbers
New Designs Launched
951
N/A
Approximately 951 new designs launched in Q3, averaging 12 per day, primarily occasion wear.
FY26 Revenue Guidance
₹630-650 Cr
N/A
Management revised full-year revenue guidance down from ₹700 Cr due to delayed store openings.
FY27 PAT Guidance
₹55-60 Cr
N/A
Management guided PAT of ₹55-60 Cr for FY27, with marketing spend of ~₹25 Cr.
Management Guidance
FY26 Revenue Guidance of ₹630-650 Cr
Management expects full-year revenue between ₹630-650 crore, down from earlier ₹700 crore guidance due to delayed store openings.
Management guidance revenueFY26 PAT Guidance of ₹50-55 Cr
Management expects PAT of ₹50-55 crore for FY26, with a comfortable achievement of at least ₹50 crore.
Management guidance growthNew Store Openings in Q2 FY27
Two flagship stores in Surat (10,000 sq ft) and Rajkot (12,000 sq ft) to open in Q2 FY27, with expected revenue of ₹150 Cr and ₹125 Cr respectively.
Management guidance expansionFY27 PAT Guidance of ₹55-60 Cr
Management guided PAT of ₹55-60 crore for FY27, with marketing spend of approximately ₹25 crore.
Management guidance growthKey Risks
High Gold Prices Impacting Volumes
Sustained high gold prices may continue to pressure volumes, especially in B2B and job work segments, as consumers and retailers adjust.
high · management_commentaryDelay in Store Openings
New store openings delayed to Q2 FY27, which may impact revenue growth and market share expansion in the near term.
medium · management_commentaryMargin Pressure from B2B Clients
Analyst raised concern about margin pressure from corporate clients due to high gold prices; management acknowledged psychological pressure but denied rate cuts.
medium · analyst_questionInventory Gain Not Realized
Despite rising gold prices, inventory gains were minimal in Q3 as older inventory was not sold; future gains depend on rotation.
low · data_observationNotable Quotes
We are seeing that there will be a slowdown in the market on an obvious reason post March. So while launching the new stores... we want the marketing to be quite strong.
If you compare the Y-on-Q... the average price of gold was 81,000 versus this year the average price of gold is 150,000. Now even if a retailer does a 40% increase in revenue he would still decline his volume.
We are already a strategic vendor partner to Titan... we literally wanted to put the company into a safer zone.
Frequently Asked Questions
What was Rbz Jewellers's revenue in Q3 FY26?
Rbz Jewellers reported revenue of ₹226 Cr in Q3 FY26, representing a +17% change compared to the same quarter last year.
What guidance did Rbz Jewellers management give for FY27?
FY26 Revenue Guidance of ₹630-650 Cr: Management expects full-year revenue between ₹630-650 crore, down from earlier ₹700 crore guidance due to delayed store openings. FY26 PAT Guidance of ₹50-55 Cr: Management expects PAT of ₹50-55 crore for FY26, with a comfortable achievement of at least ₹50 crore. New Store Openings in Q2 FY27: Two flagship stores in Surat (10,000 sq ft) and Rajkot (12,000 sq ft) to open in Q2 FY27, with expected revenue of ₹150 Cr and ₹125 Cr respectively. FY27 PAT Guidance of ₹55-60 Cr: Management guided PAT of ₹55-60 crore for FY27, with marketing spend of approximately ₹25 crore.
What are the key risks for Rbz Jewellers in FY27?
Key risks include High Gold Prices Impacting Volumes — Sustained high gold prices may continue to pressure volumes, especially in B2B and job work segments, as consumers and retailers adjust.; Delay in Store Openings — New store openings delayed to Q2 FY27, which may impact revenue growth and market share expansion in the near term.; Margin Pressure from B2B Clients — Analyst raised concern about margin pressure from corporate clients due to high gold prices; management acknowledged psychological pressure but denied rate cuts.; Inventory Gain Not Realized — Despite rising gold prices, inventory gains were minimal in Q3 as older inventory was not sold; future gains depend on rotation..
Did Rbz Jewellers meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Rbz Jewellers Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.