Pushpa Jewellers Limited · NSE:PUSHPA
Pushpa Jewellers — Investor Presentation (February 2026)
35 slides from Pushpa Jewellers's investor presentation, Feb 25, 2026
Slide 1: Pushpa Jewellers Limited – Regulation 30 intimation letter
PUSHPA PUSHPA JEWELLERS LIMITED (Formerly known as Pushpa Jewellers Private Limited) Regd. Office: 4th Floor, Flat No. 4A, 22 East Topsia Road, Tirumala - 22, Kolkata -700046 Contact No. 033-400630389: Email: Info@pushpajewellers.in CIN No: L27310WB2009PLC135593 Date:- 25.02.2026 To The Manager The
Slide 2: Pushpa Jewellers – February 2026
Gp PUSH PAVJEWELLERS February 2026
Slide 3: Snapshot
SG Snapshot PUSH PAVJEWELLERS 20+ States and Uts 3 Countries Served Served Nationwide | Globally | 38% 54% 100+ 3 year Revenue 3 year PAT Employees . CAGR* CAGR* All fig ures as on H1-FY26 * Figures as on FY25 “=m Investor Presentation | Pushpa Jewellers Limited 2
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Company Overview
HP Company Overview PUSHPAVJEWELLERS ¢ Established in 2009, Pushpa Jewellers Ltd is a B2B-focused gold jewellery manufacturer Revenue (INR Mn) & EBITDA Margins (%) supplying high-quality jewellery to wholesalers and retailers across India. 2,811 2,553 ° Operating in an asset-light manufacturing mode
Slide 6: Journey
GP Journey PUSH PAVJEWELLERS Foundation of Y Certifications and 9) ‘coma? Expansion & Revenue — Corporate @=8 a Business Memberships Milestone Restructuring Founded Pushpa Secured BIS hallmark O d Added BIS Jewellers asa registrations Kolkata in and Chennai pened sem! in showrooms hallmark retail je
Slide 7: Board of Directors
GP Board of Directors PUSH PAVJEWELLERS He has been associated with the Company since its incorporation in She holds an LL.M. in Business Law from the National Law School of 2009. He provides overall strategic direction and leadership, with a India University, Bengaluru. She has over a decade of exp
Slide 8: Geographical Presence
CGP Geographical Presence PUSH PAVJEWELLERS ae ae Dads Sed F A oe oan Bangalore +— H1-FY26 Geographical Revenue Split (%) Hyderabad Vijaywada Kerala, Exports, Others, 2.79%. 0.37% 3.94% Chennai Maharashtra, 5.48% Australia 9 Export Countries 9 Branch Office “a= Investor Presentation | Pushpa Jewelle
Slide 9: Awards
HP Awards PU SHPAVJEWELLERS AS) yl SF NSE n IBJA LO! a —- - Bahay a Membership | Participation as Award a ad Certification 7, INSxele rales PX 10) i 2025 — (2022) rt ae @ | NSE Emerge Se alll a eeeciation ArAppr ~ 2024 Diwali = UDENEAGE pire Participation pe ate — Certific ; Award 2025 Investor Pres
Slide 10: Marquee Clients
S Marquee Clients PUSHPAVJEWELLERS IE BHIMA GOLODO+ePURE GOLD AISSHPRA Soun ane Jowen AVR SWARNA MAHAL elec INDIA einai + UAE JEWELLERS SINCE 1925 our Traditior Ci ra \ JEWELLERY golden EDIMANNICKAL ney fa 8) es Dee Reece rig KALYAN FEW) Eel LES RS GOLD & DIAMONDS He KHAZANCH J KRISHNA HAZAN JEWELLE
Slide 11: Business Overview
BUSINESS OVERVIEW
Slide 12: Business Overview
S5P Business Overview PUSH PAVJEWELLERS Average Order Value (INR) Pushpa Jewellers Ltd is positioned in the affordable luxury segment, offering contemporary gold jewellery that offers modern designs at competitive price points. 591,619 487,936 With a B2B-focused sales model catering to wholesalers a
Slide 13: Product Portfolio
GP Product Portfolio PUSH PAVJEWELLERS Extensive portfolio of 2,367 jewellery designs, with Average Product Price at INR 62,045 aM CVn X=) iy Necklace 70,000 - 2,90,000 Earrings 15,000 - 1,80,000 Ring 40,000 - 60,000 Mala 30,000 - 1,80,000 Investor Presentation | Pushpa Jewellers Limited 12
Slide 14: Exhibition led Client Engagement
S5P Exhibition led Client Engagement PUSH PAVJEWELLERS Investor Presentation | Pushpa Jewellers Limited 13
Slide 15: Business Process
HP Business Process PUSH PAVJEWELLERS Business Process Promotional Client Collaboration Production Data Capture Data Analysis Market Product Client New Product Activity » &Requirement ®» Coordination&® » >» ininternal » UsingSaas » Research® ”» Catalogue » Development& » Line Execution (Exhibition)
Slide 16: Asset-Light Manufacturing Model
S5P Asset-Light Manufacturing Model PUSH PAVJEWELLERS Asset-light manufacturing Karigars function as Designs, specifications, model with jewellery independent job and production production primarily workers, engaged on instructions provided by outsourced to a per-job basis, the Company, ensuring Ben
Slide 17: Technology and Flow Systems Powering Operations
GP Technology and Flow Systems Powering Operations PUSH PAVJEWELLERS TIL Inventory & Design Coding + Flow Systems CAD/CAM Technology Enablement (In-House & Process- CRM & Client BIN Data & Trend Management Intelligence Integrated Technology and flow systems enable execution discipline, faster turnar
Slide 18: Driving Customer Loyalty Through After-Sales Excellence
Driving Customer Loyalty Through After-Sales Excellence PUSH 5A EWELLERS 1. Customer Support Channels 3. Continuous Service 6. Market Differentiation Dedicated phone, email, and Enhancement Strong after-sales service online support for inquiries Customer insights are used to builds loyalty, drives r
Slide 19: Strategic Overview
STRATEGIC OVERVIEW
Slide 20: Strengths
HP Strengths PUSHPAVJEWELLERS Asset-light Karigar network ensuring scalability and cost efficiency Experienced promoters and management team with deep industry expertise Quick turnaround and agile production aligned with evolving market trends Omni-channel customer engagement enabling wid reach and
Slide 21: Key Differentiators
S5P Key Differentiators PUSH PAVJEWELLERS ° Flow management system Data Backed design Decisions ¢ Inventory tracking Fast-moving, retailer-aligned collections ¢ Trend identification Wide portfolio across occasions Exhibition-led sourcing Marketing Lightweight, high-rotation SKUs Catalog-driven repea
Slide 22: Future Growth Strategies
GP Future Growth Strategies PUSH PAVJEWELLERS Artificial Intelligence (Al) Fueled Lead Management Al-driven lead management leverages advanced analytics and machine learning to identify, score, and prioritize high-potential leads, enabling targeted customer engagement and efficient sales conversion
Slide 23: Industry Overview
INDUSTRY OVERVIEW
Slide 24: Indian Jewellery Market Overview
HP Indian Jewellery Market Overview PUSH PAVJEWELLERS Qnd India’s Gem's & Jewellery Market Size (USD Bn) 3rd Zero largest gold market highest share in total inventory obsolescence 145 globally retail consumption risk India’s jewellery market is growing at a 16% CAGR, expanding from USD 80 Bn in 2024
Slide 25: Dynamics of Indian Jewellery Market
S5P Dynamics of Indian Jewellery Market PUSH PAVJEWELLERS Jewellery Market by Breakup of Gold Consumption Product Wise Jewellery Region Wise Jewellery Requirement Segmentation Consumption 55% 57% 66% g7% Finger Necklac East, _ Rings, 109 es 20% 15% 35% Earring ’ 32% 34% 38% s, 10% South, North, 40%9
Slide 26: Financial Overview
FINANCIAL OVERVIEW
Slide 27: Key Financial Highlights
HP Key Financial Highlights PUSH PAVJEWELLERS H1-FY26 Financial Performance Revenue from EBITDA EBITDA Margins Operations INR 159 Mn 9.30% INR 1,710 Mn 17.8% YoY (4)Bps YoY 18.3% YoY PAT PAT Margins Diluted EPS INR 110 Mn 6.43% INR 4.55/Share 18.3% YoY (1) Bps YoY (8.6)% YoY “=m Investor Presentatio
Slide 28: H1-FY26 Financial Highlights
HP H1-FY26 Financial Highlights PUSH PAVJEWELLERS Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) 183 1,710 a ’ 7 H1-FY25 H2-FY25 H1-FY26 H1-FY25 H2-FY25 H1-FY26 mmm EBITDA = =®=EBITDA Margin PAT (INR Mn) & PAT Margins (9) Volume (In Kgs) 192 164 167 129 93 110 H1-FY25 H2-FY25 H1-FY
Slide 29: Half Yearly Consolidated Income Statement
GP Half Yearly Consolidated Income Statement PUSHPAVJEWELLERS cTMe Ul TEM (IN MYALAD H1-FY26 H1-FY25 H2-FY25 Revenue from Operations 1,710 1,445 18.3% 1,366 25.2% Total Expenses 1,551 1,310 18.4% 1,183 31.1% EBIDTA 159 135 17.8% 183 (13.1)% EBIDTA Margins (%) 9.30% 9.34% (4) Bos 13.40% (410) Bps Dep
Slide 30: Historical Consolidated Income Statement
GP Historical Consolidated Income Statement PUSH PAVJEWELLERS cTMe Ul TEM (IN MYALAD FY23 ee FY25 H1-FY26 Revenue from Operations 1,658 2,553 2,811 1,710 Total Expenses 1,529 2,353 2,492 1,551 EBIDTA 129 200 319 159 EBIDTA Margins (%) 7.78% 7.83% 11.35% 9.30% Depreciation and amortisation expenses 4
Slide 31: Historical Consolidated Balance Sheet
S5P Historical Consolidated Balance Sheet PUSH PAVJEWELLERS PARTICULARS (INR MN) Ot FY25 H1-FY26 PARTICULARS (INR MN) FY24 FY25 H1-FY26 Equity Non-Current Assets a) Equity Share Capital 2 189 242 a) Property, plant and equipment 106 159 263 b) Other Equity 358 393 1,154 b) Non-Current Investment - -
Slide 32: Financial Highlights
S5P Financial Highlights PUSH PAVJEWELLERS Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin PAT (INR Mn) & PAT Margins (%) Volume (In Kgs) 2,811 (%) 2,553 319 223 423 356 1,658 200 297 1 9 p= ss) ' : a i FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 ~H1-FY26 FY23 FY24 FY25
Slide 33: Capital Market Data
S5P Capital Market Data PUSH PAVJEWELLERS Share Price Performance (As on 31 December, 2025) 15% 10% 5% 0% -5% -10% -15% -20% -25% Jul/2025 Aug/2025 Sep/2025 Nov/2025 Dec/2025 -=Pushpat= Nifty Smallcap 250 Shareholding Pattern (As on 315t December, Price Data (As on 31* December, 2025) 2025) FIl, 1.5
Slide 34: Disclaimer
GP Disclaimer PUSHPAVJEWELLERS 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
Slide 35: Thank You
THANK YOU
Pushpa Jewellers — Investor Presentation (February 2026) on 6ix