Utssav CZ Gold Jewels Posts Strong FY26 Results; Net Profit Rises 136% Year-on-Year

Utssav CZ Gold Jewels Posts Strong FY26 Results; Net Profit Rises 136% Year-on-Year​

Utssav CZ Gold Jewels Limited announced the approval of its audited financial results for the fiscal year ended March 31, 2026, reporting robust year-on-year growth across its key metrics. The company saw its Net Profit rise 135.7% compared to the previous year.

For the fiscal year 2026, the company reported significant revenue growth. Total revenue from operations reached Rs. 1,154.90 crore, marking a substantial increase compared to Rs. 646.32 crore reported in FY25. Similarly, the company’s net profit for FY26 stood at Rs. 59.06 crore, up from Rs. 25.06 crore in FY25. Profit before tax for FY26 was reported at Rs. 79.78 crore, compared to Rs. 33.03 crore in FY25. The weighted average Earnings Per Share (EPS) for FY26 was Rs. 24.60 per share.

The second half of FY26 demonstrated particularly strong performance. Revenue from operations for the quarter was Rs. 679.49 crore, a notable rise of 87.8% year-on-year, compared to Rs. 361.79 crore in H2 FY25. Profit after tax for H2 FY26 increased to Rs. 29.64 crore, representing a 95.2% year-on-year surge from Rs. 15.19 crore reported in H2 FY25. Profit before tax for H2 FY26 was Rs. 40.76 crore, up from Rs. 19.65 crore in H2 FY25.

Strategic Expansion and Market Presence​

The company is continuing to enhance its global reach and operational capacity. The Board approved the incorporation of a wholly-owned subsidiary in the UAE, a move designed to strengthen Utssav CZ Gold Jewels Limited’s presence within the competitive Dubai jewellery market. Furthermore, the company is evaluating significant capacity expansion plans, targeting a production scale-up of up to 2.5 tonnes.

Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Ltd, commented on the performance, stating, "We are pleased with our strong financial and operational performance, which reflects the growing trust of customers and the strength of our business model. The consistent growth in revenue and profitability has been driven by expanding retail presence, improving product portfolio, and rising demand across key markets."

Jagawat added that going forward, Utssav Gold plans to accelerate its expansion through strategic store additions, enhanced product innovation, and deeper market penetration across existing and new geographies.

Company Overview​

Established in 2007, Utssav CZ Gold Jewels Limited specializes in the designing, manufacturing, wholesaling, and exporting of gold and diamond jewellery. The company offers a diverse collection of 18K, 20K, and 22K CZ (Cubic Zirconia) and Rose Gold jewellery, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The product range has also diversified into plain casting, labgrown, and natural diamond jewellery, all hallmarked by the Bureau of Indian Standards (BIS).

The company maintains complete in-house manufacturing, covering the entire value chain from wax replicas to hallmarking, which ensures precision and consistency. Currently, UGJL's installed capacity is 2,000 kg per annum. Operationally, the company follows a 100% B2B model, supplying directly to reputed jewellery retailers across 23 states and 2 Union Territories in India, in addition to exporting to the UAE. Utssav CZ Gold Jewels Limited was successfully listed on NSE Emerge in August 2024.

UTSSAV Stock Price Movement​

Today, Utssav CZ Gold Jewels Limited shares gained momentum, closing at ₹290.2 after advancing 2.01% in post-market trading. The stock traded on a volume of 409,800 shares, reinforcing strong interest as it remained near its 52-week high of ₹294.95.