Uday Jewellery revenue doubles to ₹725.63 cr as NSE listing plan advances
The company reported a 127% jump in net profit for FY26 following its merger with Narbada Gems and Jewellery. The board has now formally approved a direct listing on the NSE.
— 1 earlier story on Uday Jewellery Industries Ltd. →What's new
- Revenue nearly doubled to ₹725.63 cr in FY26.
- Net profit rose 127% to ₹35.76 cr.
- Board approved a direct listing on the NSE and a dividend of ₹0.50 per share.
Why this matters
The jump in financials is largely a byproduct of the Narbada Gems merger, which has significantly altered the company's scale. Moving to the NSE is a logical step to capture the liquidity that often follows such a transformation.
What we're watching
- The timeline for the NSE direct listing process.
- Whether the new scale can be maintained without the merger-related tailwinds.
- The impact of the new asset lease agreement with Sanghi Jewellers.
The full read
Uday Jewellery Industries is a larger entity than it was a year ago. FY26 revenue reached ₹725.63 crore, nearly doubling from the ₹371.76 crore reported in the prior year. Net profit followed suit, climbing 127% to ₹35.76 crore. These figures reflect the impact of the merger with Narbada Gems and Jewellery, which has fundamentally changed the company's scale. With the financials now audited and confirmed, the board is moving to improve liquidity by pursuing a direct listing on the NSE. Shareholders will receive a dividend of ₹0.50 per share. While the company manages this transition, it is also shuffling its governance, with independent director Balasubramanyam Danturti stepping down and a new asset lease agreement signed with Sanghi Jewellers Private Limited. The next test is the execution of the NSE listing, which should provide the visibility this micro-cap firm currently lacks.
Questions answered
- What drove the sharp increase in Uday Jewellery's revenue?
- The revenue growth to ₹725.63 crore is primarily attributed to restatements following the company's merger with Narbada Gems and Jewellery.
- What is the status of the NSE listing?
- The board has formally approved a plan to list the company's shares on the National Stock Exchange through direct listing norms.
- How much is the dividend payout?
- The board recommended a final dividend of ₹0.50 per share for the 2026 financial year.
- Who resigned from the board?
- Independent director Balasubramanyam Danturti has resigned from his position.
- What is the new related-party agreement?
- The board approved a deal to lease assets from Sanghi Jewellers Private Limited.
Story so far
All notes on UDAYJEW →- 28 May 2026 · 4:32 PM IST Uday Jewellery revenue doubles to ₹725.63 cr as NSE listing plan advances
- today Uday Jewellery revenue hits ₹725 cr after Narbada merger