D.P. Abhushan Q1 profit jumps 77% to ₹64.4 cr, revenue up 58%
The jewellery retailer's strong quarter was broadly anticipated. Board also approved two new showrooms in Gujarat and MP as part of a well-telegraphed expansion.
— 8 earlier stories on D.P. Abhushan Ltd. →What's new
- Q1 net profit surged 77% YoY to ₹64.4 crore on revenue of ₹852.4 crore.
- Revenue climbed 58% YoY driven by healthy demand and favourable product mix.
- Board approved a company-owned showroom in Dahod and a franchise outlet in Jabalpur.
Why this matters
The strong numbers continue a growth trajectory that has already been priced in, with FY27 revenue guidance of ₹4,800 crore shared earlier. The two new stores are incremental and unlikely to move the needle. The filing offers no surprise to prompt a revision in earnings estimates.
What we're watching
- Whether the Q1 run rate sustains to hit the ₹4,800 cr FY27 revenue target.
- Store additions in the coming quarters — the two announced are modest.
- Margin trajectory after the earlier guidance cut to 6-6.5% EBITDA for FY27.
The full read
D.P. Abhushan's Q1 had plenty of sparkle: net profit hit ₹64.4 crore, up 77%, on revenue of ₹852.4 crore, up 58%. Yet the market had already baked this in. The results are routine: no guidance change, no profit warning. The board added two new stores, but these are incremental steps in a plan investors already know. The bigger question is whether the run rate can lift to hit the ₹4,800 crore FY27 revenue target. At ₹852 crore a quarter, there's ground to cover, but Q1 is typically lighter. A solid quarter, but a known story.
Questions answered
- What was D.P. Abhushan's Q1 FY27 net profit and revenue?
- Net profit rose 77% year-on-year to ₹64.4 crore, while revenue grew 58% to ₹852.4 crore.
- Were the Q1 results a surprise?
- No. The analyst notes the results were broadly anticipated given the company's recent trajectory and FY27 guidance communicated earlier.
- What new showrooms were approved?
- The board approved a company-owned outlet in Dahod, Gujarat, and a franchise-operated store in Jabalpur, Madhya Pradesh.
- How does the Q1 revenue track against the FY27 target?
- Management had guided for ₹4,800 crore revenue in FY27. Q1 revenue of ₹852.4 crore implies an annualized run rate of about ₹3,410 crore, below the target, but Q1 is seasonally softer.
- What is the company's debt and valuation?
- D.P. Abhushan has a debt/equity ratio of 0.41, trailing P/E of 10.3, and ROE of 27.9%. Market cap is ₹2,176 crore.
D.P. Abhushan Ltd.
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All notes on DPABHUSHAN →- 20 Jul 2026 · 12:50 PM IST D.P. Abhushan Q1 profit jumps 77% to ₹64.4 cr, revenue up 58%
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