AJC Jewel Manufacturers Ltd Reports 173.62% Year-Over-Year Growth in Net Profit for FY26

AJC Jewel Manufacturers Ltd Reports 173.62% Year-Over-Year Growth in Net Profit for FY26​

MALAPPURAM, Kerala - June 01, 2026 - AJC Jewel Manufacturers Ltd., an integrated B2B jewellery manufacturing and technology platform, announced its audited financial results for the second half and full year of FY26.

The company demonstrated significant financial growth, with its Net Profit (PAT) recording a substantial increase of 173.62% year over year, reaching ₹7.83 Crores. The improved profitability was accompanied by a robust increase in EBITDA and a strengthening EBITDA margin.

According to the key financial highlights (consolidated), AJC reported the following performance metrics for FY25 and FY26:

Operational and Strategic Growth Vectors​

On the operational front, AJC Jewel Manufacturers Ltd. has continued to enhance its market reach and manufacturing capabilities. The company strengthened its customer network by onboarding several new clients, which primarily includes leading jewellery retailers across key markets in India, thus boosting business visibility and supporting scalable order growth.

The organization is also expanding its international footprint through its Sharjah-based facility, which serves the GCC and US markets. Although the integration and acquisition process in Sharjah has faced delays due to geopolitical factors in the Middle East, the company noted that this operational presence provides strategic advantages, including proximity to international bullion markets, improved supply chain efficiencies, and access to Middle East demand. Revenue from the Sharjah operations was not included in the reported FY26 performance.

Retail diversification is underway with the acceleration of the silver jewellery vertical under the brand name 'Esthara Jewels.' This division focuses on affordable luxury, silver fashion jewellery, and gold-plated jewellery, catering to evolving Gen-Z consumer demand. Operating on a Direct-to-Consumer (D2C) model through company-owned stores and digital channels, the launch of the first flagship showroom in Thrissur, Kerala, and the corresponding e-commerce platform marks the company's entry into the organized silver fashion and gold-plated jewellery segment.

Manufacturing and Technology Expansion​

In its manufacturing capabilities, AJC continues to strengthen its integrated operations through CNC-machined jewellery expansion, advanced production technologies, and design-led product development. The proprietary B2B portal, equipped with a library of over 5,000 jewellery designs, serves to enhance customer engagement, boost operational visibility, and improve order efficiency across its retail network. These advanced manufacturing machinery and technology-driven processes contribute to lower production costs and reduced wastage compared to industry peers.

Management Commentary​

Commenting on the financial outcomes for H2 and FY26, Mr. Ashraf P, Chairman and Managing Director, noted that FY26 marked a strong period of operational and financial progress. He highlighted the 173.62% year over year increase in Net Profit to ₹7.83 Crores and the 148.85% YoY growth in EBITDA to ₹14.01 Crores, alongside an improvement in EBITDA margins by 225 Basis Points to 4.81%.

The Chairman attributed the jump in profitability to operational efficiencies, a better product mix, and increasing scale benefits derived from the integrated manufacturing platform. He also stated that the company achieved a healthy Return on Equity (ROE) of 30.73%, reflecting efficient capital utilization and improving profitability.

Looking at the long-term strategy, the company affirmed the importance of the Esthara Jewels launch and the D2C silver jewellery platform. The company also emphasized that its overall goal is to participate in the growing organized daily-wear and fashion jewellery segment.

Stock Price Movement​

AJC Jewel Manufacturers Ltd settled at ₹98.10 on Friday, marking a gain of 3.48% for the session. During trading, the shares moved through a significant range, hitting a low of ₹90.10 and an intraday high of ₹98.20.