D. P. Abhushan FY26: Profits Surge as Store Expansion and Omni-Channel Strategy Take Shape

FY26 total income was INR 4,070.33 crore, EBITDA was INR 309.67 crore, and profit after tax was INR 211.84 crore (as per the income statement in the presentation).

Q4FY26 total income was INR 1,338.89 crore versus INR 717.64 crore in Q4FY25; EBITDA was INR 72.99 crore versus INR 42.39 crore; PAT was INR 50.60 crore versus INR 25.15 crore.

For FY26, gold revenue was INR 3,702 crore, silver was INR 183 crore, and diamond was INR 151 crore (segmental performance disclosed in the presentation).

As of 31 March 2026, the company had 12 stores, primarily across Madhya Pradesh and Rajasthan, with expansion plans mentioned for Gujarat, Maharashtra and Chhattisgarh.

DP Swarn Plus is a structured 10-month monthly gold accumulation scheme (Rs. 5,000+ per month) with mandatory redemption into jewellery. Management positioned it as a tool to support demand conversion and stability in a high gold price environment.

Management discussed targeting around 20% to 25% revenue growth in FY27 and FY28, with FY27 EBITDA margin guidance of around 6% to 6.5%, and a FY30 vision of 8% to 8.5% EBITDA margin.

Management stated that over the next 3 to 5 years, it is targeting around 3% to 5% of topline revenue from the online segment, with incremental profit of INR 25 to 30 crore annually.