Utssav CZ Gold Jewels Reports Significant Growth, Notes PAT Margin Expansion of 123 Bps in FY26
Utssav CZ Gold Jewels Limited (Utssav, The Company), a leading manufacturer of CZ gold, plain gold, gold, and diamond jewellery, announced its audited Financial Results for H2 FY26 and FY26. The company reported substantial growth across key metrics, including a PAT Margin Expansion of 123 Bps in the fiscal year.The company's product portfolio includes 18K, 20K, and 22K CZ gold, along with a strong focus on lightweight and rose gold casting designs. Utssav supplies directly to leading jewellery retailers across India, operating entirely on a B2B model.
Audited Financial Performance
The company's financial results show robust year-over-year growth for both the half-year period and the full fiscal year.Financial Results for H2 FY26 and H2 FY25
| Particulars ( ₹ Cr) | H2 FY26 | H2 FY25 | YoY |
|---|---|---|---|
| Total Income | 681.00 | 362.63 | 87.79% |
| EBITDA | 48.67 | 24.47 | 98.95% |
| EBITDA Margin (%) | 7.15% | 6.75% | 40 Bps |
| PAT | 29.64 | 15.19 | 95.20% |
| PAT Margin (%) | 4.35% | 4.19% | 17 Bps |
| Diluted EPS ( ₹ ) | 11.86 | 6.49 | 82.74% |
Financial Results for FY26 and FY25
| Particulars ( ₹ Cr) | FY26 | FY25 | YoY |
|---|---|---|---|
| Total Income | 1157.46 | 647.67 | 78.71% |
| EBITDA | 93.70 | 40.34 | 132.28% |
| EBITDA Margin (%) | 8.10% | 6.23% | 187 Bps |
| PAT | 59.06 | 25.06 | 135.67% |
| PAT Margin (%) | 5.10% | 3.87% | 123 Bps |
| Diluted EPS ( ₹ ) | 23.95 | 11.63 | 105.93% |
Management Insights and Strategy
Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Limited, commented on the strong performance, noting the robust growth momentum during FY26. He stated that the company achieved revenue growth of 79% for FY26 and 88% in H2 FY26. This growth was attributed to strong festive and wedding season demand, consistent repeat orders from existing clients, and the addition of 112 new clients.The company also strengthened its product offerings during the year by increasing the contribution of natural diamond jewellery and introducing new product lines in plain gold and lab-grown diamonds, enhancing overall product realization and mix.
Operationally, the incorporation of a wholly owned subsidiary in the UAE is expected to improve trade efficiencies and support the company's expanding global footprint. Utssav CZ Gold Jewels Limited further highlighted that strong retailer relationships, expanding B2B reach, deeper market penetration, and integrated manufacturing and design capabilities are set to accelerate the growth trajectory.
Company Operations and Growth Milestones
The company operates with complete in-house manufacturing and zero outsourcing, ensuring stringent quality standards. Utssav CZ Gold Jewels Limited’s design capabilities are supported by a design library of over 300,000 creations, while a team of more than 70 professionals creates over 400 new designs monthly.Utssav CZ Gold Jewels Limited has established a presence across 17 states and 2 Union Territories in India. The company resumed exports to the UAE and plans entry into GCC countries, Australia, and Singapore, reinforcing its vision of becoming a global name in lightweight jewellery.
The company’s production capacity grew from 750 kilograms in FY22 to 1.6 tons post-IPO, with plans for further scaling to 2.5 tons per annum.
UTSSAV Stock Price Movement
Shares of Utssav CZ Gold Jewels Limited are edging higher to ₹291 as of 12:39 PM today, rallying 1.86% in live trading. The continued buying momentum, supported by 340,800 shares traded, pushes the stock dangerously close to its year-high mark of ₹294.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.