D.P. Abhushan Q1 profit jumps 77% to ₹64.45 cr, revenue up 58%
Jewellery retailer D.P. Abhushan posted a 77% jump in net profit for Q1 FY27 on 58% revenue growth, but the shine is tempered by a previously lowered margin guidance of 6-6.5% for the full year.
— 8 earlier stories on D.P. Abhushan Ltd. →What's new
- Net profit surged 77% to ₹64.45 crore, revenue up 58% to ₹852.40 crore.
- Board approved a company-owned showroom in Dahod and a FOCO outlet in Jabalpur.
- Auditors Jeevan Jagetiya & Co gave a clean limited review.
Why this matters
The headline growth is strong, but D.P. Abhushan's FY27 EBITDA margin guidance of 6-6.5%, cut from 7.61% in FY26, signals pressure. Q1 revenue of ₹852.40 crore annualises well below the ₹4,800 crore target, making the margin trajectory the key variable for earnings.
What we're watching
- Whether Q1 EBITDA margin is disclosed in the earnings concall.
- Progress toward the ₹4,800 crore revenue target for FY27.
- Store expansion pace: two new showrooms are incremental but not enough to shift near-term outlook.
The full read
D.P. Abhushan's Q1 numbers are eye-catching: net profit ₹64.45 crore, up 77%; revenue ₹852.40 crore, up 58%. But the context matters. In May, management cut FY27 EBITDA margin guidance to 6-6.5% from 7.61% in FY26, calling last year's bumper margins an inventory windfall. The new showrooms in Dahod and Jabalpur are incremental. They do not move the needle on a ₹2,176 crore market cap. What does is whether the margin compression is structural or seasonal. Q1 revenue of ₹852.40 crore falls well short of the ₹4,800 crore target. That gap leaves room for doubt, even as the headline profit impresses.
Questions answered
- How does Q1 FY27 revenue compare to the full-year target?
- Q1 revenue of ₹852.40 crore is far below the ₹4,800 crore target, leaving a large gap to bridge over the remaining three quarters.
- Why did management cut EBITDA margin guidance?
- In May, management labelled FY26's 7.61% margin as an inventory windfall and set FY27 guidance at 6-6.5%, suggesting cost or competitive pressure has compressed margins structurally.
- Do the new showrooms change the earnings outlook?
- Two new stores are incremental steps in expansion but too small to meaningfully alter near-term earnings for a ₹2,176 crore market-cap company.
- What was the auditors' opinion on the Q1 results?
- Limited review auditor Jeevan Jagetiya & Co did not flag any material misstatements, giving a clean report.
- How does this quarter compare to the prior year?
- Net profit grew 77% year-on-year to ₹64.45 crore, while revenue rose 58% to ₹852.40 crore, accelerating from the trailing growth of 101% PAT and 86% revenue on a screener basis.
- What is the company's store-expansion strategy?
- D.P. Abhushan is opening a company-owned showroom in Dahod, Gujarat and a franchise-owned company-operated outlet in Jabalpur, Madhya Pradesh, consistent with its incremental expansion approach.
D.P. Abhushan Ltd.
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All notes on DPABHUSHAN →- 20 Jul 2026 · 12:59 PM IST D.P. Abhushan Q1 profit jumps 77% to ₹64.45 cr, revenue up 58%
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