| Metric | Value (₹ Cr) | vs Q4 FY26 |
|---|---|---|
| Revenue | 101.31 | 21.0% |
| Total Income | 101.38 | 20.7% |
| Expenditure | 98.14 | 20.6% |
| PBT | 3.24 | 25.2% |
| Net Profit | 2.38 | 34.2% |
| OPM | 4.51% | 0.40pp |
| NPM | 2.35% | 0.24pp |
| EPS | 3.92 | 34.3% |
No YoY comparison is available and margins are thin but typical for a jewelry manufacturing/trading business (OPM 4.5%, NPM 2.3%), so with modest absolute profitability (₹2.38 Cr net profit) and no evidence of a standout or a decline, this reads as an in-line, ordinary quarter.
AJC Jewel Q1 FY27: Revenue Surges 124.7% to ₹101.38 Cr, PAT Jumps 318.7%
14 Aug 2026 · 14 Aug, 11:00 am
Summary
AJC Jewel Manufacturers Ltd. announced a robust start to FY27, with Q1 FY27 total income growing by an impressive 124.7% year-on-year to ₹101.38 Crore. Net profit after tax (PAT) saw a dramatic surge of 318.7% to ₹2.38 Crore, accompanied by a significant improvement in PAT Margin. The company's performance was driven by customer-base expansion, adoption of technology-enabled manufacturing, and product diversification. Management highlighted continued investments in their manufacturing platform and the strategic expansion of their D2C silver jewellery business under Esthara Jewels.
Key Highlights
- 1
AJC Jewel Manufacturers Ltd. reported a blockbuster Q1 FY27 with total income surging 124.7% year-on-year to ₹101.38 Crore.
- 2
Net Profit after tax (PAT) skyrocketed by 318.7% to ₹2.38 Crore for the quarter ended June 30, 2026, compared to ₹0.57 Crore in Q1 FY26.
- 3
EBIDTA saw a substantial increase of 193.7% to ₹4.64 Crore for Q1 FY27.
- 4
PAT Margin improved significantly, expanding by 108.75 basis points to 2.35% in Q1 FY27.
- 5
The company's Earnings Per Share (EPS) grew by 212.7% to ₹3.94 in Q1 FY27.
- 6
AJC continues to strengthen its manufacturing platform with investments in advanced technologies and operational capabilities.
- 7
Esthara Jewels, the D2C silver jewellery platform, expanded its retail footprint by opening three new showrooms in Kerala during April-July 2026.
Management Comments
Ashraf P
We have commenced FY27 on a strong note, with Total Income growing 124.69% YoY to ₹101.38 Crores and Profit After Tax surging 318.70% YoY to ₹2.38 Crores in Q1 FY27, compared to ₹45.12 Crores and ₹0.57 Crores respectively in Q1 FY26. This performance reflects the increasing scale of our operations, continued customer expansion and the benefits of our focus on operational efficiency and product diversification. During the quarter, we continued to strengthen our manufacturing platform through investments in advanced technologies and the operational capabilities. Our digital B2B ecosystem is also playing an increasingly important role in improving customer engagement, product discovery and order execution. We are simultaneously progressing with our diversification initiatives. Esthara Jewels is being developed as a scalable D2C silver jewellery platform currently operates three stores in Kerala, while our Sharjah expansion remains an important component of our international growth strategy. Although the Sharjah initiative has experienced delays due to the prevailing geopolitical situation, we remain focused on completing the expansion by H1FY27. Going forward, our priorities remain focused on expanding manufacturing capacity, increasing our presence across
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