Rbz Jewellers Limited · NSE:RBZJEWEL
Rbz Jewellers — Q2 FY2026 Earnings Presentation
36 slides from Rbz Jewellers's earnings presentation, Nov 11, 2025
Slide 1: Filing cover letter to BSE and NSE
11th November 2025 To, To, Department of Corporate Services Listing Department BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, 5th Floor Plot No. C/1, Mumbai - 400 001 G. Block Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Security Code: 544060 S
Slide 2: RBZ Jewellers Limited Earnings Presentation Q2/H1-FY26
RBZ Jewellers Limited Earnings Presentation Q2/H1-FY26
Slide 3: 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 4: Company Overview
COMPANY OVERVIEW
Slide 5: 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 • RBZ offers products to national retailers on a
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: 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 8: 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. • It was built with the aim of bringing transparency and ethical practices in maintaining and offering the 1,881 finest quality o
Slide 9: Product Collections
Product Collections Investor Presentation 8
Slide 10: Retail Store – Ahmedabad
Retail Store – Ahmedabad Investor Presentation 9
Slide 11: Progress in Digital Marketing Initiatives
Progress in Digital Marketing Initiatives Social Media Follower Trend Influencer Campaign 180000 170,000 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 Investor Presentation 10
Slide 12: Exhibitions - Retail
Exhibitions - Retail Investor Presentation 11
Slide 13: 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 • The company supplies to over 72 cities across 20 states in India, including renowned retailers such as 1,406 1,316 Titan Compan
Slide 14: 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 15: 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 16: Exhibitions - Wholesale
Exhibitions - Wholesale Investor Presentation 15
Slide 17: 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 • In this arrangement, retailers provide the gold and RBZ undertakes the design and manufacturing processes. 42 • Processing r
Slide 18: Marquee Clients
Marquee Clients Wholesale Jobwork Investor Presentation 17
Slide 19: Strategic Overview
STRATEGIC OVERVIEW
Slide 20: 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 21: 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 22: 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 23: 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 Investor Presentation 22
Slide 24: 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 Q1-FY27 the next two financial years Expanding ▪ Targeting maximum utilisation of existing ▪ Prepared to expa
Slide 25: Q2/H1-FY26 Financial Overview
Q2/H1-FY26 FINANCIAL OVERVIEW
Slide 26: Segmental Performance
Segmental Performance Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 865 740 558 402 456 286 28 23 14 Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1-FY26 Q2-FY26 Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 1,321 844 758 42 1,
Slide 27: Financial Highlights
Financial Highlights Q2-FY26 Financial Performance H1-FY26 Financial Performance Revenue from Revenue from EBITDA EBITDA Margins EBITDA EBITDA Margins Operations Operations INR 1,451 Mn INR 283 Mn 19.50% INR 2,207 Mn INR 411 Mn 18.62% PAT PAT Margins Diluted EPS PAT PAT Margins Diluted EPS INR 186 M
Slide 28: Operational Highlights
Operational Highlights • Delivered a healthy quarterly performance with revenue growth in line with our guidance, despite gold prices touching lifetime highs. Growth was driven by new design launches, productivity improvements, and positive consumer sentiment from the early festive season. • Benefit
Slide 29: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Operational Revenue 1,451 1,166 24.4% 756 91.9% Total Expenses 1,168 1,028 13.6% 626 86.6% EBITDA 283 138 NA 130 NA EBITDA Margins (%) 19.50% 11.84% 766 Bps 17.20% 230 Bps Other Income 1 2 (50.0)% - NA D
Slide 30: Half Yearly Consolidated Income Statement
Half Yearly Consolidated Income Statement PARTICULARS (INR Mn) H1-FY26 H1-FY25 Y-o-Y Operational Revenue 2,207 1,990 10.9% Total Expenses 1,796 1,710 5.0% EBITDA 411 280 46.8% EBITDA Margins (%) 18.62% 14.07% 455 Bps Other Income 2 3 (33.3)% Depreciation 17 12 41.7% Finance Cost 51 42 21.4% PBT 345
Slide 31: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY23 FY24 FY25 H1-FY26 Operational Revenue 2,879 3,274 5,301 2,207 Total Expenses 2,501 2,892 4,659 1,796 EBITDA 378 382 642 411 EBITDA Margins (%) 13.13% 11.67% 12.11% 18.62% Other Income 17 4 6 2 Depreciation 14 14 28 17 Finance Cost 83
Slide 32: 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 33: Financial Performance
Financial Performance Operational Income (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) PAT (INR Mn) and PAT Margins (%) 5,301 642 388 3,274 411 2,879 378 382 257 2,207 18.62% 223 216 11.64% 13.13% 12.11% 11.67% 7.75% 7.32% 6.60% FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 RO
Slide 34: Capital Market Data
Capital Market Data Share Price Movement (Up to 30th September, 2025) 60% 40% 20% 0% -20% -40% Oct-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 RBZ Jewellers Ltd. BSE Sensex Price Data (30th September, 2025) INR Shareholding Pattern as on 30th September, 202
Slide 35: 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 36: Thank You
THANK YOU