Deepa Jewellers Q2 FY27 Results: Key Dates and Q1 Growth

Board meeting is scheduled for October 26

Deepa Jewellers Limited is scheduled to consider its financial results for the second quarter of FY27 on October 26, 2026. The quarter under review covers July to September 2026. The company has also announced a virtual conference call on October 27 to discuss its Q2 and first-half FY26-27 performance with investors. The results will follow a first quarter in which revenue and profit increased year-on-year. The scheduled board meeting is a key corporate event for shareholders tracking the jewellery maker's growth, margins and operating costs.

The supplied information does not contain Deepa Jewellers' Q2 FY27 revenue, profit or margin figures. Therefore, the announced date should not be treated as a reported quarterly outcome. The available financial data relates to Q1 FY27, which ended June 30, 2026. Management is expected to address investor queries on the October 27 call after the board considers the results.

Q1 FY27 revenue rose 39% year-on-year

For Q1 FY27, Deepa Jewellers reported revenue from operations of ₹431.1 crore. This represented growth of 39.0% from ₹310.1 crore in the corresponding quarter of the previous year. The company attributed the revenue expansion to demand for gold waist belts and CNC bangles. Revenue growth was the main driver of the quarterly earnings improvement.

The Q1 figure was lower than the ₹541.7 crore reported in the March 2026 quarter. This comparison reflects the movement between two successive quarters, while the year-on-year comparison shows a sharp increase from the June 2025 base. The supplied quarterly data also shows that revenue has varied across quarters, which is relevant when interpreting sequential changes in the jewellery business.

Net profit reached ₹26.8 crore

Net profit in Q1 FY27 was ₹26.8 crore, compared with ₹21.1 crore a year earlier. This was a year-on-year increase of about 27%, based on the detailed Q1 disclosure. Another rounded quarterly summary reported profit of ₹27.0 crore against ₹21.0 crore, or 28.6% growth. Both disclosures indicate that profit rose at a slower rate than revenue.

Diluted earnings per share were ₹3.26 in Q1 FY27, compared with ₹2.57 in Q1 FY26. Full-year FY26 profit was reported at ₹105 crore. The company had also reported a three-year profit compound annual growth rate of 68%, although the underlying annual profit series was not provided in the supplied information.

EBITDA expanded while margins narrowed

Q1 FY27 EBITDA rose 33.9% year-on-year to ₹38.7 crore from ₹28.9 crore. However, EBITDA margin declined to 8.98% from 9.32%, a contraction of 34 basis points. The company linked the margin pressure to higher employee costs associated with setting up a new manufacturing facility in Hyderabad.

Profitability was also affected by depreciation and finance costs, according to the provided Q1 summary. PAT margin declined to 6.22% from 6.80%, a reduction of 58 basis points. As a result, the quarter reflected higher operating scale but lower margins as a percentage of revenue.

Q1 FY27 financial snapshot

Manufacturing costs remain an important factor

The Hyderabad manufacturing facility was specifically cited as a reason for higher employee costs in Q1 FY27. The company also reported job-work volume of 226 kg, supporting its asset-light model. These operating details provide context for the difference between revenue growth and margin movement during the quarter.

For investors, the Q2 results will provide the next disclosed view of whether the increased cost base continued to affect profitability. Any assessment of that outcome will depend on the figures released by the company. The currently available material does not provide Q2 operating or financial data.

TTM and annual revenue data provide context

Deepa Jewellers' trailing 12-month revenue was reported at ₹2,048 crore, while trailing earnings were ₹110 crore. In the annual financial table supplied, revenue was listed at ₹1,928 crore for FY26 and ₹2,049 crore for the TTM period. The small difference between the two TTM revenue presentations appears to reflect rounding or separate data displays.

Annual revenue in the same table rose from ₹638 crore in FY22 to ₹922 crore in FY23, ₹1,026 crore in FY24, ₹1,400 crore in FY25 and ₹1,928 crore in FY26. These figures show the scale of revenue expansion reported before the latest quarterly update. They do not by themselves indicate the outcome of the pending Q2 FY27 results.

Earnings call will follow the result consideration

Deepa Jewellers will host its virtual earnings call at 4:00 pm IST on October 27, 2026. The call will cover Q2 and H1 FY26-27 results. Dev Agarwal and Chief Financial Officer G.K. Srinivas are listed as management participants. The company has said the session will include responses to investor queries on operational results.

The conference call gives market participants an opportunity to seek clarification on sales trends, employee costs, margins and the Hyderabad facility after the formal results disclosure. It also follows the company's September 30, 2026 financial-results filing concerning Q1 FY27. Investors will need to rely on the board-approved results and management commentary for confirmed second-quarter performance.

Market relevance of the announcement

The upcoming result date matters because Q1 showed strong year-on-year sales growth alongside a moderation in operating and net margins. Revenue rose faster than EBITDA, while net profit growth lagged the increase in revenue. The Q2 disclosure will add a further data point on the company's performance after the June quarter.

The available record also notes a quarterly result announcement on September 28, 2026, when the last traded price was ₹188.55 on the announcement day and ₹213.12 on the record day. No stock-price reaction to the forthcoming Q2 results is available in the provided data. Until the October 26 board outcome is released, revenue, profit and margin figures for Q2 FY27 remain unreported.

What to watch after the board meeting

Deepa Jewellers' Q2 FY27 board meeting is scheduled for October 26, followed by the investor call on October 27. The confirmed Q1 FY27 base includes ₹431.1 crore of revenue, ₹38.7 crore of EBITDA and ₹26.8 crore of net profit. Margin movement, manufacturing-related employee costs and demand in the company's reported product categories will be relevant items in the next disclosure. The company has not provided Q2 results in the information available before the scheduled meeting.