D.P. Abhushan Q1 profit jumps 77%, revenue up 58% on wedding demand
Strong festive season drives same-store sales up 52%, but numbers were pre-announced; focus shifts to FY27 revenue target of ₹4,800 cr.
— 8 earlier stories on D.P. Abhushan Ltd. →What's new
- Revenue up 58% to ₹853.63 cr, PAT up 77% to ₹64.45 cr.
- Same-store sales grew 52%; footfall conversion at 81%.
- Old-gold exchange contributed ~25% of sales.
- Progress on new showrooms in Dahod and Jabalpur.
Why this matters
The quarterly numbers confirm strong wedding and festive demand, with margins expanding 80 bps. But the core figures were already disclosed in the board outcome, so no fresh surprise. The real test is whether D.P. Abhushan can sustain this pace to hit its ₹4,800 cr FY27 revenue target.
What we're watching
- Revenue run-rate acceleration to meet ₹4,800 cr FY27 target.
- Margins sustainability as input costs evolve.
- Footfall trends post-festive season.
The full read
D.P. Abhushan posted a stellar Q1: revenue of ₹853.63 cr (up 58%), PAT of ₹64.45 cr (up 77%), and EBITDA margin of 11.01% (up 80 bps). Same-store sales jumped 52% with footfall conversion at 81%, driven by weddings and festive events. While impressive, these numbers were already disclosed in a board outcome — the market is now focused on the ₹4,800 cr FY27 revenue target. The company is adding showrooms in Dahod and Jabalpur, but margin sustainability and post-festive demand will decide whether this quarter was a peak or the start of a trend. At a trailing P/E of 10.3x, the stock still looks cheap if execution holds.
Questions answered
- What drove the 58% revenue growth?
- Strong wedding and festive demand during Akshaya Tritiya, Poila Baisakh, and the summer wedding season. Same-store sales grew 52% and footfall conversion was 81%.
- How does Q1 revenue compare to the FY27 target?
- Q1 revenue of ₹853.63 cr is the first quarter of the target year. The company has publicly targeted ₹4,800 cr for FY27, implying significant acceleration in the remaining quarters.
- What happened to margins?
- EBITDA margin expanded 80 bps to 11.01%, aided by operating leverage. EBITDA grew 70% to ₹93.99 cr.
- Are there any new store openings?
- Yes, fit-out work is progressing at new showrooms in Dahod (Gujarat) and Jabalpur (Madhya Pradesh). No timeline for opening was given.
- How did old-gold exchange impact sales?
- Old-gold exchange contributed roughly 25% of total sales, a common trend in Indian jewellery retail that helps loyalty but can pressure margins.
D.P. Abhushan Ltd.
Latest quarter · Mar 2022
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All notes on DPABHUSHAN →- 20 Jul 2026 · 4:34 PM IST D.P. Abhushan Q1 profit jumps 77%, revenue up 58% on wedding demand
- today D.P. Abhushan Q1 profit jumps 77%, revenue up 58%; transcript adds no fresh news
- 8d ago D.P. Abhushan Q1 profit jumps 77% to ₹64.45 cr, revenue up 58%
- 8d ago D.P. Abhushan Q1 profit jumps 77% to ₹64.4 cr, revenue up 58%
- 63d ago D.P. Abhushan targets ₹4,800 crore revenue for FY27