Rbz Jewellers Limited · NSE:RBZJEWEL
Rbz Jewellers — Q3 FY26 Earnings Presentation
35 slides from Rbz Jewellers's earnings presentation, February 2026
Slide 1: RBZ Jewellers Limited Earnings Presentation Q3/9M-FY26
RBZ Jewellers Limited Earnings Presentation Q3/9M-FY26
Slide 2: Snapshot
Snapshot 30+ Years Leading 2+ Tons 250+ of rich legacy in organized manufacturer annual production team of artisans Jewellery Industry Of Gold Jewellery capacity and craftsmen 20 States & 190+ Clients 28% & 39% ROCE: 26% 72 Cities in wholesale 3 Year Revenue & PAT ROE: 17% across India business CAGR
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Company Overview
Company Overview • Incorporated in 2008, RBZ Jewellers Ltd. (RBZ), is lead by father and son duo, Rajendrakumar and Harit Revenue (INR Mn) & EBIDTA Margins (%) Zaveri, and is one of the leading organized manufacturers of gold jewellery in India. 5,301 4,470 • RBZ offers products to national retailer
Slide 5: Business Overview
BUSINESS OVERVIEW
Slide 6: Synergies Across the Value Chain
Synergies Across the Value Chain Manufacturing • In-house design, production & quality control • Faster time-to-market for new trends Retail • Direct brand connect with end consumers • Strengthens brand positioning through control over end-to-end experience Wholesale • Drives economies of scale in m
Slide 7: Retail Business
Retail Business • The retail business of RBZ was established in 2014 in the name of “Harit Zaveri Jewellers” and the Revenue (INR Mn) 3,239 showroom was launched in 2019. 2,869 • It was built with the aim of bringing transparency and ethical practices in maintaining and offering the 1,881 finest qua
Slide 8: Product Collections
Product Collections Earnings Presentation 8
Slide 9: Retail Store – Ahmedabad
Retail Store – Ahmedabad Earnings Presentation 9
Slide 10: Progress in Digital Marketing Initiatives
Progress in Digital Marketing Initiatives Social Media Follower Trend Digital Media Campaign 200000 1,85,000 180000 1,70,000 160000 140000 120000 100000 92,000 76,500 80000 60000 40000 33,000 25,000 20000 9,000 0 2020 2021 2022 2023 2024 2025 2026 Earnings Presentation 10
Slide 11: Exhibitions - Retail
Exhibitions - Retail Earnings Presentation 11
Slide 12: Wholesale Business
Wholesale Business • Under the wholesale business, the company supplies customized, high-quality jewellery to both Revenue (INR Mn) national and regional retailers. 1,977 1,544 • The company supplies to over 72 cities across 20 states in India, including renowned retailers such as 1,406 1,316 Titan
Slide 13: Manufacturing Facility
Manufacturing Facility Located on the Sarkhej–Gandhinagar Highway in Ahmedabad, Gujarat. Offering flexible design and manufacturing, blending innovation, The facility spans skilled artisans and select outsourcing to approximately 23,966 square ensure unique, high-quality products. feet and is wholly
Slide 14: Manufacturing Process
Manufacturing Process Research Ideate Design Prototype 1 2 3 4 Design Market Research Design Brief Inspiration CAD Modeling CAM Prototyping Sales Feedback Concept Element Technical and Review Sketching Detailing Drawing Trend study Laser Cut/Engraving Die Stamp Element Sales Analysis Mood Boards For
Slide 15: Exhibitions - Wholesale
Exhibitions - Wholesale Earnings Presentation 15
Slide 16: Job Work Services
Job Work Services • RBZ Jewellers offers job work services, wherein they process and supply antique gold jewellery on Revenue (INR Mn) behalf of national retailers. 91 84 78 • Job work Services is the highest margin segment for the company, as revenues are recognized based on 57 making charge servic
Slide 17: Marquee Clients
Marquee Clients Wholesale Jobwork Earnings Presentation 17
Slide 18: Strategic Overview
STRATEGIC OVERVIEW
Slide 19: Strengths
Strengths Brand built on the core values Design and innovation of trust, transparency and in product range innovation Serving diverse client base across India in Wholesale segment, Established systems and including leading national procedures to mitigate risk and regional retailers Integrated setup
Slide 20: Key Differentiating Factors
Key Differentiating Factors Preference of national retailers Gauge industry trends better • Capability to handle large • Insights into purchasing scale orders and deliver behaviour and understanding consistency in quality and new trends in various zones design across India (we work in • Option to cu
Slide 21: Technology Adoption Across Operations
Technology Adoption Across Operations Advanced Implementation SoP-Driven Manufacturing of SAP (S/4HANA) Work Culture Technology Robust ERP system for strong Standardisation of processes Adoption of latest machinery internal controls and to ensure consistent and and equipment such as streamlined oper
Slide 22: Growth Drivers
Growth Drivers . Rise of High-Net-Worth Individuals . Rising Interest in Sustainable and Ethical Jewellery . Consumer Demand for Unique, One-of-a-Kind Pieces . Increased Focus on Investment Potential Earnings Presentation 22
Slide 23: Future Growth Strategies
Future Growth Strategies ▪ Targeting expansion into the retail segment Expanding ▪ Two of these showrooms are scheduled with 4 new showrooms across Gujarat over Market Footprint to launch by Q2-FY27 the next two financial years Expanding ▪ Targeting maximum utilisation of existing ▪ Prepared to expa
Slide 24: Q3/9M-FY26 Financial Overview
Q3/9M-FY26 FINANCIAL OVERVIEW
Slide 25: Segmental Performance
Segmental Performance Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 1,548 1,117 793 700 865 558 28 28 15 Q3-FY25 Q2-FY26 Q3-FY26 Q3-FY25 Q2-FY26 Q3-FY26 Q3-FY25 Q2-FY26 Q3-FY26 Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 2,869 2,313 1,5
Slide 26: Financial Highlights
Financial Highlights Q3-FY26 Financial Performance 9M-FY26 Financial Performance Revenue from EBITDA Revenue from EBITDA EBITDA Margins EBITDA Margins Operations Operations INR 2,263 Mn INR 295 Mn 13.04% INR 4,470 Mn INR 707 Mn 15.82% PAT PAT Margins Diluted EPS PAT PAT Margins Diluted EPS INR 174 M
Slide 27: Operational Highlights
Operational Highlights • Delivered a healthy quarterly performance, with revenue growth in line with our guidance, driven by strong festive demand during Dussehra and Diwali, along with a robust wedding season. • Actively participated in 5 exhibitions during the quarter, including 2 National-level a
Slide 28: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Operational Revenue 2,263 1,938 16.8% 1,451 56.0% Total Expenses 1,968 1,721 14.4% 1,168 68.5% EBITDA 295 217 35.9% 283 4.2% EBITDA Margins (%) 13.04% 11.20% 184 Bps 19.50% (646) Bps Other Income 1 2 (50
Slide 29: YTD Consolidated Income Statement
YTD Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Operational Revenue 4,470 3,929 13.8% Total Expenses 3,763 3,432 9.6% EBITDA 707 497 42.3% EBITDA Margins (%) 15.82% 12.65% 317 Bps Other Income 2 5 (60.0)% Depreciation 29 20 45.0% Finance Cost 101 71 42.3% PBT 579 411 40.
Slide 30: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY23 FY24 FY25 9M-FY26 Operational Revenue 2,879 3,274 5,301 4,470 Total Expenses 2,501 2,892 4,659 3,763 EBITDA 378 382 642 707 EBITDA Margins (%) 13.13% 11.67% 12.11% 15.82% Other Income 17 4 6 2 Depreciation 14 14 28 29 Finance Cost 83
Slide 31: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR Mn) FY24 FY25 H1-FY26 PARTICULARS (INR Mn) FY24 FY25 H1-FY26 Non-Current Assets Equity a) Property, plant and equipment 263 269 300 a) Equity Share Capital 400 400 400 b) Capital work-in-progress - 25 240 b) Other Equity 1,675 2,050 2,308 c) Rig
Slide 32: Financial Performance
Financial Performance Operational Income (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) PAT (INR Mn) and PAT Margins (%) 707 5,301 642 4,470 431 388 3,274 2,879 378 382 223 216 15.82% 13.13% 9.64% 11.67% 12.11% 7.75% 6.60% 7.32% FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 ROE
Slide 33: Capital Market Data
Capital Market Data Share Price Movement (Up to 31st December, 2025) 30% 20% 10% 0% -10% -20% -30% -40% Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 RBZ Jewellers Ltd. BSE Sensex Price Data (31st December, 2025) INR Shareholding Pattern as on 31st December, 202
Slide 34: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 35: Thank You
THANK YOU