D. P. Abhushan Ltd. · NSE:DPABHUSHAN
D. P. Abhushan — Investor Presentation (December 2025)
47 slides from D. P. Abhushan's investor presentation, Dec 2, 2025
Slide 1: Covering letter to stock exchanges
D.P. Abhushan Limited NSE: DPABHUSHAN | BSE: 544161 | ISIN: INE266Y01019 www.dpjewellers.com | investor@dpjewellers.com Date: December 02, 2025 To, To, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dalal Street, Bandra East, Mum
Slide 2: Covering letter signature
D.P. Abhushan Limited NSE: DPABHUSHAN | BSE: 544161 | ISIN: INE266Y01019 www.dpjewellers.com | investor@dpjewellers.com You are requested to kindly note the same. Thanking You, Your faithfully, For: D. P. Abhushan Limited Digitally signed SANTOS by SANTOSH H KATARIA Date: KATARIA 2025.12.02 14:05:48
Slide 3: D.P. Abhushan Investor Presentation
D.P. Abhushan I N V E S T O R P R E S E N T A T I O N May November 2025 | Q4FY25 - 2025 www.dpjewellers.com
Slide 4: Disclaimer
Disclaimer This Presentation is for information purposes only and is not intended to be an advertisement and does not constitute or form part of and should not be construed as any offer or invitation for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any s
Slide 5: Management Commentary
Management Commentary Despite global economic uncertainties and persistently high gold prices, India’s gold and jewellery sector continues to demonstrate resilience. However, elevated gold prices did weigh on overall industry demand during the quarter, leading to more cautious consumer spending, par
Slide 6: Table of Contents
Table of Contents Company Overview Market Opportunity Business Highlights Financial Highlights Way Forward 4
Slide 7: Company Overview
Company Overview 5
Slide 8: Introduction to D. P. Abhushan: A Brief History
Introduction to D. P. Abhushan : A Brief History Under the guidance of Originally a partnership firm, Santosh Kataria, Vikas Kataria , Anil Preserving tradition while converted into a limited Kataria, Renu Kataria and Sanjay Commitment to quality and redefining D.P. Jewellers under company in 2017 u
Slide 9: Through Generations: Upholding Tradition, Embracing Innovation
Through Generations: Upholding Tradition, Embracing Innovation FIRST GENERATION SECOND GENERATION MR. DHULCHAND KATARIA MR. PANNA LAL KATARIA ▪ Founded D.P. Jewellers in the year 1940 in Ratlam, Madhya ▪ Continued the legacy of D.P. Jewellers. Pradesh. ▪ Emphasized purity and transparency as the bra
Slide 10: Management Excellence
Management Excellence Mr. SANTOSH KATARIA Chairman cum Managing Director Santosh Kataria aged 47 is the Promoter and Chairperson cum Managing Director of our Company. He has been a Director on our Board since May 02, 2017. He has a rich experience of 25 years in the Jewellery Industry and additional
Slide 11: Board of Directors
Board of Directors Mr. MUKESH JAIN Mr. SANSKAR KOTHARI Independent Director Independent Director Mukesh Kumar Jain aged 64, is a Non-Executive Sanskar Kothari aged 55, is a Non-Executive Independent Independent Director of our Company. He has been a Director of our Company. He has been a Director on
Slide 12: Journey & Milestones
Journey & Milestones 2017 UJJAIN BHILWARA AJMER • DP Abhushan 2020 Listed on NSE-SME • Inaugurated Ujjain showroom • Expanded Indore • Inaugurated Bhilwara showroom 2024 Showroom • Listed on BSE RATLAM • Migrated to main board of NSE • Inaugurated Ajmer showroom • Inaugurated NEEMUCH 1940 Neemuch Th
Slide 13: An Array of Offerings: Versatile Product Range
An Array of Offerings: D.P. Abhushan’s Versatile Product Range Shop by Collection Shop by Products Wedding Valentine Chains Rings Jewellery Jewellery Flower Traditional Armlets Gajrahs Collection Jewellery Mewar Idol Bangles & Pendants Collection Collection Jewellery sets Dohra Lightweight and Nose
Slide 14: Business Model
Business Model Centralized purchasing at Ratlam ensures smooth inventory flow, minimizing dead stock and maximizing operational efficiency across all stores within a 300-kilometer radius Considers the designs of jewellery The company conducts periodic inventory Currently operates through 11 and make
Slide 15: Retail Presence Across Central Indian Regions
Retail Presence Across Central Indian Regions 1 RATLAM (M.P.) 2 INDORE (M.P.) 3 UDAIPUR (RAJ.) ▪ Since 1940 ▪ Opened in 2010 and ▪ Opened in April 2012 ▪ Store Size 2,100 sq. ft Expanded in 2017 ▪ Store Size 5,050 sq. ft ▪ Leased Premise ▪ Store Size 9,000 sq. ft ▪ Leased Premise ▪ Owned Premise 4 B
Slide 16: Standing Tall as Leaders in Footfall to Conversion Ratio
Standing Tall as Leaders in Footfall to Conversion Ratio 90% 89% 87% 86% 87% 87% 85% 84% 2,03,495 1,96,141 1,58,460 1,29,946 95,459 83,368 80,433 60,757 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Walk In Conversion % 14
Slide 17: Recognitions & Accolades
Recognitions & Accolades Best Promising, Gems & Jewellery India'S Most Preferred Jewellers In Best Bridal Jewellery Of The Recognised By Iconic Brand Of Trusted Brand Of The Year Company March 2017 Regional Jewellers (M.P & Year(Under 15 Lakh) Dec’2016 Mewar Jan’2017 Jewellery Jan’ 2017 - India Bull
Slide 18: Market Opportunity
Market Opportunity 16
Slide 19: Industry Overview
Industry Overview Indian Domestic Jewellery Market Size- By Value (In $Bn) Breakup of Indian Fine Jewellery Market into Gold and Non-Gold (In $Bn) Non-Gold Gold $ 126 $19 $ 88 $ 64 $11 $140 $7 $94 $107 $76 $50 $57 FY' 2020 FY'2025E FY'2028P FY' 2020 FY'2025E FY'2028P *Non Gold includes jewellery mad
Slide 20: Key Market Trends
Key Market Trends Manufacturers are strategically focusing on Growing preference among younger producing lightweight pieces to cater to the consumers for lightweight jewellery as a 100 % FDI in the sector through Automatic preferences of younger consumers, particularly fashion statement rather than
Slide 21: Business Highlights
Business Highlights 19
Slide 22: Leveraging Jewellery Exhibitions to Broaden Brand Exposure (1/4)
Leveraging Jewellery Exhibitions to Broaden Brand Exposure (1/4) 20
Slide 23: Leveraging Jewellery Exhibitions to Broaden Brand Exposure (2/4)
Leveraging Jewellery Exhibitions to Broaden Brand Exposure (2/4) 21
Slide 24: Leveraging Jewellery Exhibitions to Broaden Brand Exposure (3/4)
Leveraging Jewellery Exhibitions to Broaden Brand Exposure (3/4) Beawar- Rajasthan Dungarpur- Rajasthan Kota- Rajasthan 22
Slide 25: Leveraging Jewellery Exhibitions to Broaden Brand Exposure (4/4)
Leveraging Jewellery Exhibitions to Broaden Brand Exposure (4/4) Dewas – Madhya Pradesh Dahod - Gujarat Sagar – Madhya Pradesh Targeted exhibitions initiatives have significantly boosted brand reach, driving revenue growth across key markets 23
Slide 26: Marketing and Promotion Strategies
Marketing and Promotion Strategies AJMER BANSWARA BHILWARA UDAIPUR Targeted exhibitions initiatives have significantly boosted brand reach, driving revenue growth across key markets 24
Slide 27: Elevating the Sparkle of Studded Collections
Elevating the Sparkle of Studded Collections Indore Neemuch Ratlam Ujjain Enhancing Revenue Mix Through Premium Studded Offerings 25
Slide 28: A Glimpse into Elegance: Our New Ajmer Showroom
A Glimpse into Elegance: Our New Ajmer Showroom ▪ Successfully Launched a new jewellery showroom in Ajmer, Rajasthan, marking significant expansion ▪ Ajmer showroom aims to cater to rising demand for gold, diamond, and silver jewellery in the region ▪ Store Size of approximately 3,100 sq ft, 26
Slide 29: A Glimpse into Elegance: Our New Neemuch Showroom
A Glimpse into Elegance: Our New Neemuch Showroom ▪ Successfully Launched a new jewellery showroom in Neemuch, Madhya Pradesh marking another Milestone during the FY25. ▪ Store Size of 3,800 sq.ft ▪ Strategically located just 150 kilometers from the company's registered and administrative office in
Slide 30: A Glimpse into Elegance: Our New & Second Ratlam Showroom
A Glimpse into Elegance: Our New & Second Ratlam Showroom ▪ Successfully Inaugurates a Second Showroom in Ratlam, Madhya Pradesh, Further Expanding Footprint in Central India ▪ Store Size of 9,450 sq.ft ▪ With both showrooms now operational in Ratlam, customers will have access to an even wider rang
Slide 31: Financial Highlights
Financial Highlights 29
Slide 32: Financial Snapshot FY25
Financial Snapshot FY25 Total Income (₹ CR) EBITDA (₹ CR) Profit Before Tax (₹ CR) 3,312 175 151 2,340 1,975 101 83 77 61 ~ 30% 51% 57% CAGR CAGR CAGR FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 Profit After Tax (₹ CR) EPS (₹) 113 50 62 45 28 58% 20 58% CAGR CAGR FY23 FY24 FY25 FY23 FY24 FY25 30
Slide 33: Financial Snapshot H1FY26
Financial Snapshot H1FY26 Total Income (₹ CR) EBITDA (₹ CR) Profit Before Tax (₹ CR) 131 1,510 118 1,509 76 67 0% 72% 76% YoY YoY YoY H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 Profit After Tax (₹ CR) EPS (₹) 88 38.6 50 22.4 75% 73% YoY YoY H1FY25 H1FY26 H1FY25 H1FY26 31
Slide 34: Segmental Performance FY25
Segmental Performance FY25 Gold (₹ CR) Silver (₹ CR) 3,071 68 2,146 ~30 % ~33% 45 1,805 CAGR 39 CAGR 93 % 2% Revenue Revenue Share Share FY23 FY24 FY25 FY23 FY24 FY25 Diamonds (₹ CR) 159 139 ~14% CAGR 123 5% Revenue Share FY23 FY24 FY25 32
Slide 35: Volume Metrics FY25
Volume Metrics FY25 Gold ( in Kgs) Silver (in Kgs) 6,825 4,091 5,711 5,493 3,572 3,457 ~8% ~9% CAGR CAGR FY23 FY24 FY25 FY23 FY24 FY25 Diamonds (in Cts) Others* 31,103 4,000 3,637 3,512 27,382 26,028 In Kgs ~9% In Pcs CAGR 101 108 111 FY23 FY24 FY25 FY23 FY24 FY25 * Others Includes Platinum Jeweller
Slide 36: Financial Metrics
Financial Metrics Stores Total SSSG 65% 36% 53% 43% 39% 30% 18% 25% 25% 23% 19% 20% 21% 21% 16% 8% 7% 4% Ratlam Indore Bhopal Udaipur Ujjain Bhilwara Kota Banswara FY24 FY25 SSSG FY24 SSSG FY25 Studded Ratio Product mix Inventory Turnover Ratio Corporate & 8.4% 5.86x Other Gifting, 15% 5.0% 5.68x 5.
Slide 37: Store Metrics (1/2)
Store Metrics (1/2) Store wise sales (₹ Crores) FY23 FY24 FY25 CAGR Ratlam 558 663 948 30% Indore 469 565 736 25% Bhopal 205 238 391 38% Udaipur 221 276 335 23% Ujjain 174 217 302 32% Bhilwara 83 90 110 15% Kota 193 207 250 14% Banswara 72 75 114 26% Ajmer* (Sep 2024) - - 46 - Neemuch* (Nov 2024) -
Slide 38: Store Metrics (2/2)
Store Metrics (2/2) (₹ Crores) Store wise sales H1FY26 H1FY25 %YoY Ratlam# 394.08 486.39 (19)% Indore 326.59 345.44 (5)% Bhopal 174.83 182.04 (4)% Ujjain 147.08 140.99 4% Udaipur 144.67 138.83 4% Bhilwara 45.81 48.81 (6)% Kota 118.99 106.72 11% Banswara 43.59 44.65 (2)% Ajmer* (Store Inaugurated on
Slide 39: Income Statement (1/2)
Income Statement (1/2) * ₹ Per Share In ₹ Crores Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Total Income 717.64 1,085.17 556.85 3,312.35 2,340.37 Total Expenditure 675.25 1,029.37 532.49 3,137.82 2,239.78 EBITDA 42.39 55.80 24.36 174.53 100.58 EBITDA Margin 5.91% 5.14% 4.38% 5.27% 4.30% Depreciation 3.77 1.9
Slide 40: Income Statement (2/2)
Income Statement (2/2) * ₹ Per Share In ₹ Crores Q2 FY26 Q1 FY26 Q2 FY25 H1FY26 H1FY25 Total Income 967.74 541.32 1004.81 1509.06 1509.54 Total Expenditure 898.43 492.73 971.46 1391.16 1442.53 EBITDA 75.80 55.25 38.07 131.05 76.34 EBITDA Margin 7.83% 10.21% 3.79% 8.68% 5.06% Depreciation 2.72 2.63 1
Slide 41: Balance Sheet (1/2)
Balance Sheet (1/2) Particulars (₹ crores) FY25 FY24 Particulars (₹ crores) FY25 FY24 Equity and Liabilities Assets Share Capital 22.66 22.25 Non-current assets Reserves and Surplus 381.47 216.50 Property, plant and equipment 48.01 37.71 Total Equity 404.14 238.75 Right to Use Assets 16.83 10.45 Oth
Slide 42: Balance Sheet (2/2)
Balance Sheet (2/2) Particulars (₹ crores) H1FY26 FY25 Particulars (₹ crores) H1FY26 FY25 Equity and Liabilities Assets Share Capital 22.83 22.66 Non-current assets Other Equity 483.99 381.47 Property, plant and equipment 58.99 48.01 Total Equity 506.82 404.14 Right to Use Assets 14.81 16.83 Other I
Slide 43: Way Forward
| DP Way Forward
Slide 44: Business Ambition & Vision of Management
Business Ambition & Vision of Management Market Penetration Vision Expansion Plans Strategic Priorities Strategy Focus on customer-centric To be a leading focused Strategically targeting key Focus on penetrating new approach, product innovation, jewellery brand with strong markets with high growth g
Slide 45: D. P. Abhushan's Roadmap & Business Outlook
D. P. Abhushan’ s Roadmap & Business Outlook Strategic Expansion Plan (Next 5 Years) • Strengthening presence across India by opening new showrooms in Gujarat, Chhattisgarh, Madhya Pradesh, and Rajasthan, capitalizing on these regions’ growing purchasing power. • Accelerating expansion after success
Slide 46: Our Growth Pillars
Our Growth Pillars Quality Sustainability Dealing with transparency, DP Abhushan is fast expanding DP holds its history from the last DP has built the family of unchallenged purity and rates satisfied customers over a company & holds the leverage 85 years and team of young and which makes DP
Slide 47: D.P. Abhushan
D.P. Abhushan Ms Atika Jain Company Secretary & Compliance Officer investor@dpjewellers.com
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