The company’s revenue from operations stood at Rs 13,192 crore, up 17% YoY from Rs 11,263 crore reported in the corresponding quarter of the last financial year.
Company’s Earnings Before Interest and Taxes (EBIT) stood at Rs 1,596 crore, climbing 33% over Rs 1,203 crore reported in the year ago period.
On a consolidated basis, the PAT jumped 53% to Rs 1,091 crore compared to Rs 715 crore reported in the corresponding quarter of the last financial year. Meanwhile, the revenue rose 21% to Rs 14,966 crore against Rs 12,386 crore in Q1FY25.
Profit margin
The standalone profit margin was up 97 bps to 7.8% in Q1FY26 while it was 151 bps higher on a consolidated basis at 7.3% in the quarter under review.
Jewellery business
Jewellery portfolio grew 19% to Rs 12,797 crores (excluding bullion and digi-gold soles) despite an elevated gold price environment and challenging market conditions.
Watch segment
Watches division delivered an exceptional growth of 24% achieving Rs 1,273 crores, marking one of its best-ever quarters.The Indian business of Tanishq, Mia and Zoya (together) grew 18% to Rs 11,217 crores and CaratLane clocked a strong 39% growth to Rs 1,026 crores in the same period. The International jewellery business grew 49% over Q1FY25 to Rs 554 crores demonstrating strong growth momentum. The jewellery portfolio (together) recorded an EBIT at Rs 1,408 crores for the quarter at a margin of 11%.