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Earnings · Trading · Micro cap

Manoj Vaibhav's FY26 numbers confirm the story. Nothing new.

Revenue grew 15% to ₹2,744 cr. The audited results match the unaudited nine-month figures the market already had.

2 earlier stories on Manoj Vaibhav Gems 'N' Jewellers Ltd.
Mkt cap₹702 cr
P/E6.11×
ROE13.97%
Debt / eq.0.51
₹2,744 cr FY26 revenue, up 15%

What's new

  • FY26 revenue grew 15% to ₹2,744 cr; PAT rose 14.5% to ₹114.98 cr.
  • The Q4 results have no exceptional items and match the prior unaudited nine-month trend.
  • The board reappointed the internal auditor, a procedural item.

Why this matters

This is a confirmation, not a new signal. The numbers align with the unaudited results already disclosed, leaving nothing for the market to reassess. The growth is solid but the information is stale.

What we're watching

  • Any gap between these final audited figures and the prior nine-month disclosures.
  • Whether the 15% revenue growth holds as gold prices remain volatile.
  • Next quarter's results to see if the trend continues.

The full read

Manoj Vaibhav Gems 'N' Jewellers closed FY26 with ₹2,744 crore in revenue, up 15%. Net profit grew 14.5% to ₹114.98 crore. The numbers are clean. The Q4 results contain no exceptional items and are consistent with the unaudited nine-month results the market already had. This is a confirmation. The board also reappointed the internal auditor. A procedural item. For a micro-cap jeweller, the growth is respectable, but the information is stale. No new signal for investors to act on.

Questions answered

What were Manoj Vaibhav's FY26 audited results?
Revenue grew 15% to ₹2,744 crore and net profit increased 14.5% to ₹114.98 crore for the full year ended March 31, 2026.
Did the Q4 results contain any surprises?
No. The filing states there were no exceptional items, and the performance is consistent with the unaudited nine-month figures disclosed earlier.
Why is this filing considered routine?
The audited results simply confirm the previously disclosed unaudited nine-month numbers, offering no material surprises or new data points.
What other board decisions were taken?
The board approved the routine reappointment of the company's internal auditor, a procedural item that adds no news value.
Mentioned: Manoj Vaibhav Gems 'N' Jewellers Ltd. · FY26 · ₹2,744 cr revenue
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on MVGJL →
  1. 22 May 2026 · 6:42 PM IST Manoj Vaibhav's FY26 numbers confirm the story. Nothing new.
  2. 13d ago Manoj Vaibhav Gems contests ₹5.84 cr GST demand over IPO ITC
  3. 45d ago Manoj Vaibhav Gems 'N' Jewellers grows annual revenue 15%