Eighty Jewellers’ September-half profit rises 85% to Rs 5.92 crore

Eighty Jewellers Limited reported profit after tax of Rs 5.92 crore for the half year ended September 30, 2026, up 85% from Rs 3.20 crore a year earlier, while total income rose 11% to Rs 60.95 crore. Profit was below the Rs 6.54 crore reported in the half year ended March 31, 2026.

How did Eighty Jewellers perform in the September 2026 half year?

Eighty Jewellers recorded profit before tax of Rs 7.52 crore for the half year ended September 30, 2026, compared with Rs 4.03 crore in the corresponding half year ended September 30, 2025. Current tax was Rs 1.60 crore and deferred tax was Rs 1,000 in the September 2026 period, resulting in profit after tax of Rs 5.92 crore.

Revenue from operations increased to Rs 60.05 crore from Rs 54.74 crore in the prior-year half. Other income rose to Rs 89.78 lakh from Rs 11.09 lakh, taking total income to Rs 60.95 crore from Rs 54.85 crore. Basic and diluted earnings per share were Rs 5.80, compared with Rs 3.18 a year earlier; Eighty Jewellers said the half-year figure was not annualised.

Why did Eighty Jewellers’ profit rise faster than income?

Eighty Jewellers’ total expenses rose to Rs 53.44 crore in the September 2026 half from Rs 50.82 crore a year earlier, a slower increase than the move in total income to Rs 60.95 crore from Rs 54.85 crore. The difference between income and expenses lifted profit before tax by Rs 3.48 crore year on year to Rs 7.52 crore.

Purchases increased to Rs 60.13 crore from Rs 53.94 crore, while the reported change in inventory was negative Rs 9.67 crore, compared with negative Rs 6.16 crore a year earlier. Employee-benefit expense was Rs 47.23 lakh against Rs 46.69 lakh, other expenses declined to Rs 1.19 crore from Rs 1.23 crore, and finance cost increased to Rs 1.24 crore from Rs 1.16 crore.

On calculation using the reported figures, profit after tax represented about 9.7% of September-half total income, compared with about 5.8% in the September 2025 half. This change followed the increase in profit after tax to Rs 5.92 crore from Rs 3.20 crore, while total income increased by Rs 6.10 crore over the same comparison.

How did Eighty Jewellers compare with the preceding half year?

Eighty Jewellers’ profit after tax declined 9.5% from Rs 6.54 crore in the half year ended March 31, 2026 to Rs 5.92 crore in the half year ended September 30, 2026. Profit before tax also decreased to Rs 7.52 crore from Rs 8.94 crore, although both measures remained above the September 2025 half-year levels.

Total income was Rs 60.95 crore in the September 2026 half, down from Rs 73.63 crore in the March 2026 half. Revenue from operations fell to Rs 60.05 crore from Rs 73.60 crore, while purchases reduced to Rs 60.13 crore from Rs 67.40 crore during the same sequential comparison.

The reported inventory change was negative Rs 9.67 crore in the September half, compared with negative Rs 5.77 crore in the preceding half. Finance cost rose to Rs 1.24 crore from Rs 1.04 crore, employee-benefit expense fell to Rs 47.23 lakh from Rs 52.85 lakh, and other expenses declined to Rs 1.19 crore from Rs 1.50 crore.

What did Eighty Jewellers report on inventory and cash flow?

Eighty Jewellers reported inventory of Rs 72.42 crore as at September 30, 2026, compared with Rs 62.75 crore as at March 31, 2026. The Rs 9.67 crore increase matched the inventory movement reported in the September-half cash-flow statement and was the largest listed working-capital movement for the period.

Net cash used in operating activities was Rs 1.55 crore for the half year ended September 30, 2026, compared with net cash generated from operating activities of Rs 2.11 crore in the half year ended September 30, 2025. Cash generated from operations before direct taxes was Rs 5.36 lakh in the latest half, versus Rs 2.94 crore in the year-earlier period.

Cash and cash equivalents stood at Rs 1.43 crore on September 30, 2026, down from Rs 2.97 crore on March 31, 2026. Trade receivables rose to Rs 96.62 lakh from Rs 16.34 lakh over those six months, while other current assets increased to Rs 7.52 crore from Rs 6.29 crore.

What were Eighty Jewellers’ balance sheet and borrowing figures?

Eighty Jewellers reported total assets of Rs 84.01 crore as at September 30, 2026, compared with Rs 74.24 crore at March 31, 2026. The increase reflected inventory of Rs 72.42 crore, alongside other current assets of Rs 7.52 crore and cash and cash equivalents of Rs 1.43 crore.

Short-term borrowings were Rs 29.94 crore on September 30, 2026, compared with Rs 29.58 crore six months earlier. Short-term provisions increased to Rs 5.03 crore from Rs 3.48 crore, while other current liabilities declined to Rs 1.72 crore from Rs 1.95 crore.

Share capital was unchanged at Rs 10.20 crore at September 30, 2026. Reserves and surplus rose to Rs 32.52 crore from Rs 26.61 crore at March 31, 2026, taking shareholders’ funds to Rs 42.72 crore from Rs 36.80 crore.

Were Eighty Jewellers’ September 2026 results reviewed?

Eighty Jewellers’ standalone financial results for the half year ended September 30, 2026 were unaudited and were approved by its board on November 14, 2026. The board meeting began at 3:30 p.m. and concluded at 5:30 p.m., according to the company’s filing.

Singhal & Sewak issued a limited-review report dated November 14, 2026 under Standard on Review Engagement 2410. The auditor said nothing had come to its attention that caused it to believe the unaudited statement failed to make disclosures required under Regulation 33 of the Securities and Exchange Board of India listing regulations or contained a material misstatement.

Eighty Jewellers said it has not adopted Indian Accounting Standards, known as Ind AS, for these results. The company cited the Ministry of Corporate Affairs notification of February 16, 2015, under which companies listed on the small and medium enterprises exchange are exempt from compulsory Ind AS adoption.

Conclusion

Eighty Jewellers delivered year-on-year profit after tax growth of 85% in the half year ended September 30, 2026, outpacing its 11% increase in total income. The sequential comparison was different: profit after tax fell from Rs 6.54 crore in the March 2026 half to Rs 5.92 crore as total income declined from Rs 73.63 crore to Rs 60.95 crore.

The next financial results will show whether revenue from operations moves from the September-half level of Rs 60.05 crore and whether the Rs 72.42 crore inventory balance converts into operating cash. Finance cost of Rs 1.24 crore, short-term borrowings of Rs 29.94 crore and cash and cash equivalents of Rs 1.43 crore are also disclosed matters to track after September 30, 2026.