SYNOPSIS: Manoj Jewellers reported strong H1 FY26 results with revenue up 179 percent YoY to Rs. 69 crore and net profit rising 143 percent YoY to Rs. 5.6 crore, supported by regional demand and deleveraging.
Shares of a jewellery company involved in the design, manufacturing, and sale of gold, diamond, and silver jewellery hit a 20 percent upper circuit to a new 52-week high at Rs. 59.52 on Monday, after reporting financial results for H1 FY26 with a net profit growth of around 124 percent HoH and 143 percent YoY.
At 10:51 a.m., shares of Manoj Jewellers Limited were trading in green at Rs. 54.03 on BSE, up by around 9 percent, compared to its previous closing price of Rs. 49.6, with a market cap of Rs. 48.5 crores.
Since its listing on the BSE SME platform on 12th May 2025, the stock has delivered positive returns of around 1 percent and gained nearly 14 percent over the past month.
What’s the News:
Manoj Jewellers Limited announced the financial results for the first half of FY26 on Friday after market hours, as per the latest regulatory filings with the BSE.
For H1 FY26, the company reported a revenue from operations of Rs. 69 crores, reflecting a sequential growth of more than 98 percent HoH compared to Rs. 34.8 crores in H2 FY25, and a year-on-year increase of nearly 179 percent from Rs. 24.7 crores recorded in H1 FY25.
During the same period, net profit nearly doubled to Rs. 5.6 crores, representing an increase of nearly 124 percent HoH from Rs. 2.5 crores, as well as a significant growth of over 143 percent YoY from Rs. 2.3 crores.
This robust top-line and net profit growth was driven by sustained regional demand and operating leverage benefits, leading to a significant expansion in profitability.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 99.1 percent YoY to Rs. 8.2 crores, underscoring improved operating scale and steady demand across South India. Meanwhile, borrowings contracted sharply by 76.8 percent, signalling a strengthened balance sheet and highlighting disciplined financial management.
While the EBITDA margin moderated to 11.8 percent from 16.6 percent in the prior year, this was primarily attributable to a higher share of wholesale volumes, which typically carry lower unit margins but support sustained revenue momentum and liquidity.
A notable highlight of the period was the substantial 76.8 percent reduction in borrowings, reinforcing management’s focus on strengthening the balance sheet and building a self-sustaining business model. The company’s retail showrooms in Sowcarpet and Kilpauk continue to drive brand visibility and margin enhancement.
Manoj Jewellers Limited is engaged in the retail business of various jewellery and ornaments made out of gold and diamonds studded with precious and semi-precious stones. Its portfolio includes rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, and necklaces. bangles and other wedding jewellery.
The company operates a flagship 2,000 sq. ft. showroom on NSC Bose Road, Sowcarpet, strategically located in Chennai’s traditional jewellery hub, along with a 1,000 sq. ft. boutique outlet in Kilpauk. Both outlets showcase curated collections spanning bridal, festive, and daily-wear jewellery in 22K/18K gold, diamonds, and silver.
Written by Shivani Singh
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