Utssav CZ Gold Jewels guides for 60% revenue growth after a 79% jump
FY25 revenue hit ₹1,157 cr. Management now plans a UAE subsidiary, a capacity tripling, and a push into diamond and plain-gold jewellery.
What's new
- FY25 revenue rose 79% to ₹1,157 cr; net profit jumped 136% to ₹59 cr.
- Management guided for 60% revenue growth in FY27 with a 4-4.5% PAT margin.
- Company plans a UAE subsidiary, capacity expansion to 6-7 tonnes, and product diversification.
Why this matters
The guidance puts Utssav on a path to roughly triple its revenue in two years. The UAE subsidiary is a direct play on lifting exports from 1% of sales to 10-20%, a bet that foreign demand can sustain this pace of growth alongside domestic expansion.
What we're watching
- Execution on the UAE subsidiary launch and initial export traction.
- Whether the capacity expansion to 6-7 tonnes per annum is funded or requires dilution.
- Pat margin holding at the guided 4-4.5% as product mix shifts to lower-margin categories.
The full read
Utssav CZ Gold Jewels is planning to triple its capacity and open a new front abroad after a 79% revenue jump in FY25 to ₹1,157 crore. Net profit grew faster, up 136% to ₹59 crore. The May 25 conference call added fresh details: management is guiding for 60% revenue growth in FY27 and wants to expand capacity from 2.5 to 6-7 tonnes per year. A new UAE subsidiary is part of the push to lift exports from 1% to 10-20% of sales, alongside a move into diamond and plain-gold jewellery. The longer-term ambition is a ₹5,000 crore revenue run-rate by 2030. The guidance is specific, and the strategic bets are clear. The open question is execution: can a company this size absorb a tripling of capacity and a new export market without straining margins that management itself is capping at 4-4.5%.
Questions answered
- What drove the FY25 performance?
- Revenue grew 79% to ₹1,157 crore, and net profit surged 136% to ₹59 crore. Management attributed this to new client additions and product diversification.
- What is the new guidance for FY27?
- Management is guiding for 60% revenue growth and a PAT margin of 4-4.5%. This is an explicit target, not a range, for the current fiscal year.
- How does the UAE subsidiary fit into the plan?
- The subsidiary is meant to grow exports from 1% of total sales to 10-20%. It is part of a broader push into diamond and plain-gold jewellery beyond the core CZ gold category.
- What is the long-term revenue target?
- Management reaffirmed a ₹5,000 crore revenue target by 2030. Achieving it from the ₹1,157 crore base of FY25 implies a compound annual growth rate of about 34%.