Manoj Vaibhav Gems N Jewellers Ltd reported robust Q3 FY26 results with revenue from operations rising to Rs 684.80 crore and net profit surging 36.63% year-on-year to Rs 34.50 crore. The company also announced strategic asset purchases and highlighted steady nine-month growth despite exceptional costs.
Manoj Vaibhav Gems N Jewellers Ltd has delivered a glittering performance in its December quarter (Q3 FY26), underscoring resilience and expansion in India’s jewellery retail sector.
Key Highlights
Revenue from operations stood at Rs 684.80 crore, marking a 37.63% year-on-year increase
Net profit surged 36.63% YoY to Rs 34.50 crore, compared to Rs 25.24 crore in Q3 FY25
Nine-month FY26 net profit reached Rs 86.82 crore, up 17.84% YoY, reflecting consistent growth momentum
Exceptional items of Rs 1.44 crore were recorded due to new labour code implementation
The Board approved acquisition of a Rs 32.29 crore warehouse asset spanning 1,50,000 sq. ft., leased to a Kia partner company, strengthening long-term infrastructure
Operating profit stood at Rs 45.80 crore, reflecting improved efficiency despite sectoral challenges
Total income for the quarter was Rs 686.27 crore, up 36.93% YoY, showcasing strong festive demand and consumer appetite
The company’s performance highlights its ability to balance expansion with profitability, positioning Manoj Vaibhav Gems N Jewellers as a key player in India’s organized jewellery retail market.
Sources: ScanX News, The Economic Times