D. P. Abhushan Ltd. · NSE:DPABHUSHAN
D. P. Abhushan — Q1 FY25 Earnings Presentation
31 slides from D. P. Abhushan's earnings presentation, Jul 19, 2024
Slide 1: Exchange filing cover letter for investor presentation
D.P. Abhushan Limited www.dpjewellers.com | NSE: DPABHUSHAN | ISIN: INE266Y01019 July 19, 2024 To, To, The Manager The Manager, Listing Department, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Corporate Communication Department Phiroze Jeejeebhoy Towers, Exch
Slide 2: D.P. Abhushan Investor Presentation Q1FY25
D.P. Abhushan I N V E S T O R P R E S E N T A T I O N July 2024 | Q1FY25 www.dpjewellers.com
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by DP ABHUSHAN for informational purposes only and does not constitute or form any part of any offer, invitation or recommendation to purchase or subscribe for any securities in any jurisdiction, and no part of it shall form the basis of, or be relied u
Slide 4: Management Commentary
Management Commentary We are delighted to report an outstanding performance for the quarter, highlighted by healthy revenue growth of 7% and an impressive profit increase of 60%. The Bhopal store has emerged as a pivotal revenue driver, achieving an exceptional 18% YoY growth. Ujjain and Indore also
Slide 5: Table of Contents
Table of Contents Company Overview 5 Market Opportunity 15 Business Highlights 18 Financial Highlights 21 Way Forward 25
Slide 6: Company Overview
Company Overview
Slide 7: Introduction to D. P. Abhushan: A Brief History
Introduction to D. P. Abhushan : A Brief History Under the guidance of Late Shri Leadership transition from Manhorlal Ji Kataria and Shri Late Shri Dhulchand Ji Ratanlal Ji Kataria, and now led Commitment to fair and Originally a partnership firm, Kataria to Late Shri Panna by Shri Santosh Ji Katari
Slide 8: Through Generations: Upholding Tradition, Embracing Innovation
Through Generations: Upholding Tradition, Embracing Innovation FIRST GENERATION SECOND GENERATION THIRD GENERATION MR. MANHORLAL KATARIA / MR. DHULCHAND KATARIA MR. PANNA LAL KATARIA MR. RATANLAL KATARIA ▪ Established D.P. Jewellers in 1940 in Ratlam, ▪ Continued the legacy of D.P. Jewellers. ▪ Mana
Slide 9: Board of Directors
Board of Directors Mr. SANTOSH KATARIA Mr. ANIL KATARIA Managing Director Whole Time Director Mr. DEEPAK GADIA Mr. MUKESH JAIN Mr. SANSKAR KOTHARI Independent Director Independent Director Independent Director MRS. SEEMA MANDLOI Ms. APURVA LUNAWAT Ms. RENU KATARIA Non-executive Independent Women Ind
Slide 10: Journey & Milestones
© A Journey & Milestones 1940 new? 2020 | ; DP Abhushan * New showroom in Ujjain fo The journey of D.P. Listed on NSE-SME . if Studies tage — + New showroom in Expanded showroom Bhilwara 2023 in Indore _ + Migrated to main board of Launched an enticing NSE franchise program ™~ 2015 <i —— Bhopal show
Slide 11: An Array of Offerings: D.P. Abhushan's Versatile Product Range
An Array of Offerings: D.P. Abhushan’s Versatile Product Range Shop by Collection Shop by Styles Shop by Products Wedding Valentine Chains Rings jewellery Jewellery Gold jewellery Jadau Jewellery Flower Traditional Armlets Gajrahs Collection Jewellery Jewellery with Diamond studded colored stones in
Slide 12: 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 Operating in tier 2 and tier 3 cities Considers the designs of jewellery and enables the company to reduce its Be
Slide 13: Store Geographics
Store Geographics 1 RATLAM (M.P.) 2 INDORE (M.P.) ▪ Since 1940 ▪ Opened in 2010 and ▪ Store Size 2,100 sq. ft Expanded in 2017 ▪ Rented Premise ▪ Store Size 15,000 sq. ft 6 7 ▪ Owned Premise 3 8 1 5 4 3 UDAIPUR (RAJ.) 4 BHOPAL (M.P.) 2 ▪ Opened in April 2012 ▪ Opened in May 2015 ▪ Store Size 5,054 s
Slide 14: Standing Tall as Leaders in Footfall to Conversion Ratio
Standing Tall as Leaders in Footfall to Conversion Ratio 90% 89% 87% 85% 86% 87% 87% 1,96,141 1,58,460 1,29,946 95,459 83,368 80,433 60,757 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Walk In Conversion % 13
Slide 15: Achievement and Recognition
Achievement and Recognition Best Promising, Gems & Jewellery Best Business Ethics Award at Gem Company 2017 Best Ring Design at IJ Jewellers and Jewellery Trade Council of India - India Bullion and Jewellers Choice Design Awards 2019 Excellence Award 2019 Association Lts. Best Bridal Necklace of the
Slide 16: Market Opportunity
< Market Opportunity
Slide 17: Industry Overview
Industry Overview ▪ Compared to global counterparts, India emerges as the top revenue generator in the jewellery market, forecasting a robust revenue of US$81 billion in 2024 and is expected to achieve an annual growth rate of 4.59% from 2024 to 2028 ▪ India, renowned as the world’s second-largest c
Slide 18: Key Market Trends
Key Market Trends Lightweight jewellery with intricate designs is considered a budget-friendly option Lower-carat (18K and 14K) jewellery has gained popularity in the face of an elevated gold price Trend of Daily wear Jewellery is on rise. Ring and bracelets are currently the bestsellers. Sovereign
Slide 19: Business Highlights
Business Highlights
Slide 20: Marketing and Promotion Strategies
Marketing and Promotion Strategies 19
Slide 21: Strategic Expansions
Strategic Expansions RATLAM, MADHYA PRADESH AJMER, RAJASTHAN NEEMUCH, MADHYA PRADESH ▪ Initiated construction for a second ▪ Initiated construction of a new jewellery ▪ Commenced construction for a brand-new showroom in Ratlam to meet rising demand showroom in Ajmer, Rajasthan, marking showroom in N
Slide 22: Financial Highlights
Financial Highlights
Slide 23: Financial Snapshot
Financial Snapshot Revenue (₹ CR) Gross Profit (₹ CR) EBITDA (₹ CR) 54 38 505 37 25 472 7% 46% 52% YoY YoY YoY Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Profit Before Tax (₹ CR) Profit After Tax (₹ CR) EPS (₹) 34 25 11 21 16 7 62% 60% 61% YoY YoY YoY Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 22
Slide 24: Store Metrics
Store Metrics Average Sales Per Sq. ft. – Store wise (₹ Crores) Q1FY25 Q1FY24 YoY Growth Ratlam 6.82 6.39 6.6% Indore 0.87 0.78 11.5% Bhopal 1.05 0.89 18.1% Ujjain 2.24 1.91 17.5% Udaipur 0.94 1.10 -14.9% Bhilwara 0.43 0.44 -2.9% Kota 1.48 1.39 7.2% Banswara 0.42 0.42 1.3% 23
Slide 25: Income Statement
Income Statement In ₹ Crores Q1 FY25 Q4 FY24 Q1 FY24 FY24 Total Income 504.7 556.9 471.5 2,340.4 Total Expenditure 466.4 532.5 446.2 2,239.8 EBITDA 38.3 24.4 25.3 100.6 EBITDA Margin 7.6% 4.4% 5.4% 4.3% Depreciation 1.6 1.4 1.4 5.6 Finance Cost 3.0 0.5 3.1 11.6 Profit Before Tax 33.7 22.5 20.8 83.4
Slide 26: Way Forward
Way Forward
Slide 27: Business Ambition & Vision of Management
Business Ambition & Vision of Management Vision Expansion Plans Market Penetration Strategic Priorities Strategy To be a Market Leader in Gems Strategically targeting key Focus on penetrating new Focus on customer-centric & Jewellery Sector in Tier 2 & markets with high growth geographical areas whi
Slide 28: D. P. Abhushan's Expansion Roadmap
D. P. Abhushan’s Expansion Roadmap 1940 O1 2024 Store O8 2028 Stores 20 Stores ▪ Planning to expand in Madhya Pradesh, Rajasthan, Chhattisgarh and Gujarat to tap into emerging markets with growing purchasing power ▪ We plan to open 3 new stores in FY25, aiming to increase the total number of stores
Slide 29: Investment in Talent
Investment in Talent All our stores have highly trained staff which ensures that every customer leaves our showroom completely satisfied. D.P. Abhushan is giving a promise to the customers for a transparent business practice & value for money destination. Over the decades, DP Abhushan has been servi
Slide 30: Our Growth Pillars
Our Growth Pillars Quality Sustainability Dealing with 100% DP holds its history from the transparency, unchallenged last 82 years and team of young purity and rates which makes DP Abhushan is fast expanding and dynamic entrepreneurs DP Abhushan customers 1st company & holds the leverage DP
Slide 31: Thank You
Thank You D.P. Abhushan Ernst &Young LLP Ernst &Young LLP Ms Aashi Neema Mr Siddesh Chawan Mr Ajit Mishra Company Sectretary & Compliance Officer Ernst and Young LLP/ Investor Relations Ernst and Young LLP/ Investor Relations investor@dpjewellers.com Siddesh.chawan@in.ey.com | +91 9930235001 ajit.j.