DP Abhushan Limited Reports Strong Q1FY25 Performance with 60% Profit Growth

DP Abhushan Limited announced a 7% revenue increase and 60% profit growth in Q1FY25. The Bhopal store drove revenue with an 18% YoY growth. The company plans strategic expansion to 20 stores by FY28, enhancing market reach and boosting diamond-studded jewelry sales.

In a significant announcement, DP Abhushan Limited (NSE: DPABHUSHAN), a leading entity in the jewellery industry, revealed its financial results for the first quarter of fiscal year 2025, ending June 30, 2024. The company, known for its high standards in purity and design, recorded a remarkable performance.

The Q1FY25 financial highlights include a total revenue of Rs505 crore, a 7% increase from Rs471 crore in the corresponding quarter last year. Total expenditure saw a 5% rise to Rs466 crore. Notably, the EBITDA surged by 52%, reaching Rs38 crore, and the PAT rose by 60%, amounting to Rs25 crore. The EBITDA margin improved to 8%, while the PAT margin increased to 5%, up 165 basis points year-on-year.

Managing Director Santosh Kataria attributed the success to robust performance across key stores, particularly the Bhopal branch, which reported an 18% year-on-year growth. Kataria also highlighted plans to open three new showrooms this year in Ratlam, Ajmer, and Neemuch. The company aims to expand its total store count to 20 by FY28, focusing on markets with growing purchasing power and increasing the share of diamond-studded jewellery in its portfolio to enhance overall margins.