Chennai: Manoj Jewellers Limited, a Chennai-based jewellery company specializing in gold, diamond, and silver ornaments across retail, wholesale, and e-commerce channels, reported a strong financial performance for the first half of FY 2025–26, marking its debut results as a listed entity.
For the half year ended September 30, 2025 (H1 FY26), the company posted a 178.9% year-on-year increase in total income to ₹6,914.19 lakhs, up from ₹2,479.42 lakhs in H1 FY25. Profit After Tax (PAT) rose 150.1% to ₹565.48 lakhs, compared to ₹226.07 lakhs in the previous year. Earnings per share (EPS) climbed 78.6% to ₹6.75 from ₹3.78.
EBITDA grew 99.1% year-on-year to ₹817.46 lakhs, reflecting improved operating scale and sustained demand across South India. However, EBITDA margin moderated to 11.82% from 16.57%, primarily due to a higher share of wholesale volumes, which typically carry lower margins but contribute to liquidity and growth.
A standout achievement during the period was the 76.8% reduction in borrowings, underscoring the company’s disciplined financial management and commitment to building a self-sustaining business model. This deleveraging significantly strengthened the balance sheet and positioned Manoj Jewellers for long-term stability.
Retail showrooms in Sowcarpet and Kilpauk continued to enhance brand visibility and drive margin expansion, while the wholesale segment demonstrated resilience and scale efficiency. The company’s omnichannel presence, spanning physical stores and digital platforms, remained a key growth enabler.
Commenting on the results, Manoj Jain, Managing Director, stated, “Our first results as a listed company mark a strong start to this new chapter for Manoj Jewellers. The performance in H1 FY26 reflects the resilience of our wholesale business and the operational strength of our expanding retail network. Revenue grew 179% year-on-year, while PAT nearly doubled, supported by steady regional demand and scale efficiencies.”
He added, “The moderation in EBITDA margin was primarily due to higher wholesale volumes, which inherently carry lower margins but drive consistent growth and liquidity. A key highlight of this period is the 76.8% reduction in borrowings, underscoring our focus on strengthening the balance sheet and building a self-sustaining business model. Manoj Jewellers enters its listed journey with clarity, financial discipline, and the same principles that have guided us for over a decade — purity, design excellence, and trust.”
With strong fundamentals and a clear strategic direction, Manoj Jewellers remains optimistic about its growth trajectory, particularly in expanding its retail footprint and leveraging digital channels to reach new customer segments.
