Manoj Jewellers Reports Strong FY26 Results: Total Income Rises 91.5%, PAT Jumps 89.4%

Manoj Jewellers Reports Strong FY26 Results: Total Income Rises 91.5%, PAT Jumps 89.4%​

Manoj Jewellers Limited, a Chennai-based retailer and wholesaler of hallmarked gold, diamond, and silver jewellery, announced its audited financial results for the second half and full financial year ended March 31, 2026. The Company reported its highest-ever annual performance, driven by a rapid scale-up of its wholesale business and the launch of new product lines.

For the full financial year FY26, the Company's Total Income grew 91.5% year over year (YoY) to ₹11,419.9 lakhs. Profit After Tax (PAT) saw a substantial increase of 89.4% YoY, reaching ₹902.4 lakhs. Earnings Per Share (EPS) rose 30.7% YoY to ₹10.4.

Financial Performance Highlights​

The financial results demonstrate robust growth across both the second half and the full year of FY26.

For the second half (H2) of FY26, Total Income reached ₹4,505.7 lakhs, marking a 29.3% YoY increase from ₹3,484.5 lakhs in H2 FY25. EBITDA stood at ₹547.9 lakhs, a 28.8% YoY jump. PAT for H2 FY26 was ₹336.9 lakhs, up 34.5% YoY.

For the full year FY26, the key financial metrics are as follows:

Operational and Growth Drivers​

The growth in Total Income and profitability was attributed to the deliberate scaling up of the B2B wholesale business. The Company reported adding seven new wholesale clients during FY26, alongside higher repeat orders from existing customers, which drove B2B revenue growth exceeding 111% YoY in the second quarter of FY26.

Operationally, Manoj Jewellers Limited focused on expanding its addressable market through product and brand launches. During FY26, the company launched the 'Thanga Kovil' lightweight temple jewellery collection, targeting both wholesale and retail channels. Additionally, it introduced a dedicated traditional yellow gold jewellery line to cater to South India’s cultural preferences.

To strengthen brand visibility and expand its wholesale network, the Company participated in four major jewellery exhibitions across India during FY26: Hyderabad, Chennai, Mumbai, and Madurai.

Management Perspective and Future Strategy​

Mr. Manoj Jain, Managing Director, highlighted the significance of FY26, noting that the performance was fueled by the substantial growth in the B2B wholesale segment and the introduction of the two new product lines mentioned above. He added that the H2 EBITDA margin held steady at 12.16% despite broader demand headwinds and sharp increases in gold prices, indicating the stabilization of the business model during scale-up.

Looking toward FY27, the Company laid out a growth roadmap focused on three key priorities. These include the planned commissioning of an in-house bangle manufacturing unit to bring a critical product category in-house, launching a new chains product line, and increasing its focus on the old-gold exchange programme in line with stated government policy directions.

Manoj Jewellers Limited is a Chennai-based retailer and wholesaler of hallmarked gold, diamond, and silver jewellery. The business operates through a B2C retail presence in Chennai and a fast-growing B2B wholesale segment, supplying jewellery to bulk buyers across India.

Stock Price Movement​

At the close of trade on Friday, Manoj Jewellers Ltd settled at ₹49.19, finishing with a gain of 6.93%. Shares successfully navigated a wide intraday spectrum, touching a low of ₹47.70 and reaching an intraday peak of ₹50.01.