DP Abhushan Q1 Results: Robust Growth In PAT of 60%; Revenue Reached Rs 505 Cr

A company with 84 years of history in the jewellery industry, DP Abhushan Limited is renowned for its wide product portfolio, accountability, and unparalleled standards of purity and design. It recently released its financial results for the first quarter of FY25, which ended on June 30, 2024.

According to the firm, Q1FY25's total revenue was Rs 505 Cr, up from Rs 471 Cr in Q1FY24, a 7% gain YoY. During Q1FY25, EBITDA was Rs 38 Cr, up from Rs 25 Cr in Q1FY24. a noteworthy 52% growth, while the EBITDA margin doubled to 8% from the previous quarter, Q4 FY24. According to the firm, its net profit jumped by 60% YoY to Rs 25 Cr in the quarter under review from Rs 16 Cr in the same quarter last year.

Mr. Santosh Kataria Managing Director said: "We are delighted to report an outstanding performance for the quarter, highlighted by healthy revenue growth of 7% and an impressive profit increase of 60%. The Bhopal store has emerged as a pivotal revenue driver, achieving an exceptional 18% YoY growth. Ujjain and Indore also contributed significantly, with growth rates of 17% and 12%, respectively. As part of our strategic expansion, we are on track to open three new showrooms in FY25, with ongoing construction in Ratlam, Ajmer, and Neemuch. This expansion aligns with our long-term vision of increasing our total stores from 8 in FY24 to 20 by FY28, thereby enhancing our market reach and accessibility."

"Looking ahead, our outlook remains positive as we make concerted efforts to bolster our business operations and strategically expand in Madhya Pradesh, Rajasthan, Chhattisgarh, and Gujarat, tapping into emerging markets with growing purchasing power. Our goal is to increase the share of diamond-studded jewellery, which is currently at 6%, by offering high-quality items, especially for wedding wear. By commanding premium making charges, we aim to enhance our gross margins," Santosh Kataria further added.

Established in 1940 under the name "D.P. Jewellers," D.P. Abhushan Limited is a well-known brand in the jewellery industry. After going public in 2017, the company continues its 84-year legacy in Central India. The company has grown to become a well-known network of stores with locations in Ratlam, Indore, Udaipur, Bhopal, Ujjain, Bhilwara, Kota, and Banswara. Along with a variety of Chains, Armlets, Rings, Pendants, and Necklaces, D.P. Abhushan offers a wide range of high-quality products in Gold, Silver, Diamond, and Platinum, catering to different occasions with collections.