Rbz Jewellers Limited · NSE:RBZJEWEL
Rbz Jewellers — Q1 FY27 Earnings Presentation
37 slides from Rbz Jewellers's earnings presentation, August 2026
Slide 1: RBZ Jewellers Limited Earnings
RBZ Jewellers Limited Earnings
Slide 2: Snapshot
Snapshot 30+ Years Leading 2+ Tons 250+ of rich legacy in organized annual production team of Jewellery Industry manufacturer capacity artisans and Of Gold Jewellery craftsmen 20 States & 190+ 30% & 35% ROCE: 29% 72 Cities Clients 3 Year Revenue ROE: 20% across India in wholesale & PAT CAGR business
Slide 3: Company Overview
COMPANY ~ OVERVIEW
Slide 4: Company Overview
Company Overview • Founded in 2008, RBZ Jewellers is a leading organised gold jewellery manufacturer Revenue (INR Mn) & EBIDTA Margin (%) led by the father-son duo of Mr. Rajendrakumar and Mr. Harit Zaveri. 6,365 5,301 • Supplies gold jewellery to leading national retailers through wholesale and job
Slide 5: Business Overview
BUSINESS OVERV
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 Company currently operates with its flagship retail showroom in Ahmedabad Revenue (INR Mn) 4,084 in B2C with Brand Name “Harit Zaveri Jewellers”. 3,239 • It was built with the aim of bringing transparency and ethical practices in maintaining and offering the finest quality of J
Slide 8: Product Collections
Product Collections Earnings 8
Slide 9: Retail Store – Ahmedabad
Retail Store – Ahmedabad Earnings 9
Slide 10: Progress in Digital Marketing Initiatives
Progress in Digital Marketing Initiatives Digital Media Social Media Follower Trend Campaign 200000 185,000 180000 170,000 160000 140000 120000 100000 92,000 80000 76,500 60000 40000 33,000 25,000 20000 9,000 0 2020 2021 2022 2023 2024 2025 2026 Earnings 10
Slide 11: Exhibitions - Retail
Exhibitions - Retail Earnings 11
Slide 12: Wholesale Business
Wholesale Business • Supply customized, high-quality gold jewellery to leading national and regional Revenue (INR Mn) 2,213 retailers across India. 1,977 • Presence in 72+ cities across 20 states, serving marquee clients including Titan, 1,316 Malabar Gold, and Senco Gold. 421 • Strong expertise in
Slide 13: Manufacturing Facility
Manufacturing Facility Located on the Sarkhej Gandhinagar Highway in Ahmedabad, Offering flexible design and Gujarat. manufacturing, blending Spans approximately innovation, skilled artisans and 23,966 sq.ft and is select outsourcing to ensure wholly owned by RBZ unique, high-quality products. Jewel
Slide 14: Manufacturing Process
Manufacturing Process Resear Prototy Ideate Design 1 ch 2 3 4 pe Design CAM Market Research Design Brief Inspiration CAD Modeling Sales Feedback Concept Element Technical Prototyping and Review Sketching Detailing Drawing Form Laser Die Stamp Trend study Mood Boards Cut/Engraving Element and Forecas
Slide 15: Exhibitions - Wholesale
Exhibitions - Wholesale Earnings 15
Slide 16: Job Work Services
Job Work Services • Provides design and manufacturing services for leading jewellery retailers, with Revenue (INR Mn) gold supplied by the customer. 84 78 • Highest-margin segment, with revenues generated through making charges and 68 limited working capital requirements. • Enables an asset-light bu
Slide 17: Marquee Clients
Marquee Clients Wholesale Jobwork Earnings 17
Slide 18: Strategic Overview
STRATEGIC OVERV
Slide 19: Strengths
Strengths Complete control over Brand built on the core design aesthetics with values scalable capabilities and of trust, transparency and continuous innovation innovation aligned to evolving trends Serving diverse client base across India in Wholesale Established systems and segment, procedures to
Slide 20: Key Differentiating Factors
Key Differentiating Factors Preference of national Gauge industry trends better retailers • Capability to handle • Insights into purchasing large scale orders behaviour and understanding and deliver new trends in various zones consistency in quality across India (we work in and design 72 cities) • O
Slide 21: Technology Adoption Across Operations
Technology Adoption Across Operations Implementatio Advanced n SoP-Driven Manufacturing of SAP Work Culture Technology (S/4HANA) Robust ERP system for Standardisation of Adoption of latest strong internal controls processes to ensure machinery and and streamlined consistent and equipment such as ope
Slide 22: Growth Drivers
Growth Drivers . Shift from Unorganized to Organized Jewellery Retail . Manufacturing Scalability and Utilization Improvements . Asset-Light Growth via Retailer-Supplied Gold Model . Retail Scale-Up through Harit Zaveri Jewellers Earnings 22
Slide 23: Future Growth Strategies
Future Growth Strategies Expanding Targeting expansion into the retail segment with 7 new showrooms across Gujarat Market over the next two Financial Years. Footprint Expanding Targeting maximum utilisation of existing manufacturing capacity by FY26 Manufacturing Developing the current capacit
Slide 24: Deepening Presence in Gujarat
Deepening Presence in Gujarat Rationale for Expansion in Major Hub Cities of Gujarat: Gujarat’s high per capita income, The company is The state’s ~8% strong leveraging this contribution to This combination entrepreneurial advantage by India’s GDP offers supports robust culture, and deep deepening i
Slide 25: Q1FY27 Financial Overview
Q1LFY27 FINANCIAL OVER\
Slide 26: Financial Highlights
Financial Highlights Q1FY27 Financial Performance Revenue from EBITDA EBITDA Operations Margins INR 1208 Mn INR 180 Mn 14.9% PAT PAT Margins Diluted EPS INR 91 Mn 7.5% INR 2.27 Revenue Performance: • Revenue increased by ~60% year-on-year, driven by robust customer demand, higher jewellery sales, an
Slide 27: Segmental Performance
Segmental Performance Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 1,214 670 775 421 286 456 14 11 12 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Retail Revenue (INR Mn) Wholesale Revenue (INR Mn) Job Work Revenue (INR Mn) 4,084 2,213 84 1,
Slide 28: Sales Volume Graph (In Kgs)
SALES VOLUME GRAPH (In Kgs) Sales in Kgs.- Q1 FY27 v/s Q4 FY26 v/s Q1 FY26 221.10 175.47 162.33 98.95 95.27 87.71 77.02 45.50 49.57 45.13 29.12 30.63 Retail Wholesale Jobwork Total Q1 FY26 Q4FY26 Q1FY27 Sales in Kgs Period Retail Wholesale Jobwork Total Q1FY27 49.57 30.63 95.27 175.47 Q4FY26 77.02 4
Slide 29: Operational Highlights
Operational Highlights Delivered a healthy quarterly performance, with revenue growth in line with the guidance shared in the previous quarter, driven by robust customer demand, higher jewellery sales, and strengthening brand recall. • Participated in 5 jewellery exhibitions/trade shows during Q1
Slide 30: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement PARTICULARS (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q Operational Revenue 1,208 756 59.8% 1,895 (36.3)% Total Expenses 1,029 626 64.4% 1,683 (38.9)% EBITDA 179 130 37.7% 212 (15.6)% EBITDA Margins (%) 14.82% 17.20% (238) Bps 11.19% 361 Bps Other Income 1 0.
Slide 31: Annual Consolidated Income Statement
Annual Consolidated Income Statement PARTICULARS (INR Mn) FY26 FY25 Y-o-Y Operational Revenue 6,365 5,301 20.1% Total Expenses 5,446 4,659 16.9% EBITDA 919 642 43.1% EBITDA Margins (%) 14.44% 12.11% 233 Bps Other Income 4 6 (33.3%) Depreciation 43 28 53.6% Finance Cost 141 95 48.4% PBT 739 525 40.8%
Slide 32: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY23 FY24 FY25 FY26 Operational Revenue 2,879 3,274 5,301 6,365 Total Expenses 2,501 2,892 4,659 5,446 EBITDA 378 382 642 919 EBITDA Margins (%) 13.13% 11.67% 12.11% 14.44% Other Income 17 4 6 4 Depreciation 14 14 28 43 Finance Cost 83 76
Slide 33: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR Mn) FY24 FY25 FY26 PARTICULARS (INR Mn) FY24 FY25 FY26 Non-Current Assets Equity a) Property, plant and a) Equity Share Capital 400 400 400 263 269 337 equipment b) Other Equity 1,675 2,050 2,598 b) Capital work-in-progress - 25 247 Total Equity
Slide 34: Financial Performance
Financial Performance Operational Income (INR Mn) EBITDA (INR Mn) & EBITDA PAT (INR Mn) and PAT Margins Margins (%) (%) 99 0 919 40 .0 0 % 548 6,365 89 0 35 .0 0 % 5,301 79 0 642 388 30 .0 0 % 69 0 25 .0 0 % 59 0 3,274 2,879 49 0 20 .0 0 % 39 0 378 382 223 216 15 .0 0 % 14.44% 8.61% 29 0 13.13% 11.6
Slide 35: Capital Market Data
Capital Market Data Share Price Movement from 1stJuly 2025 to 30th July 2026 RBZ SENSEX Indexed to 100 Shareholding Pattern as on 30 th June, Price Data (30th June, 2026) INR 2026 Face Value 10.0 Market Price 137.85 Public 24.99% 52 Week H/L 166.45 / 101.30 AIF, 0.0001 Market Cap (INR Mn) 5,514.0 Pr
Slide 36: 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 37: Thank You
THANK YOU