Manoj Vaibhav Gems N Jewellers Limited (MVGJL) has released its Investor Presentation detailing the audited financial results for the Fourth Quarter and the full financial year ended March 31, 2025. The presentation highlights a strong close to the fiscal year with significant growth across key financial metrics.
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Q4 FY2024-25 Performance Highlights:
- Sales grew by 42% quarter-on-quarter, reaching ₹705.1 crore compared to ₹497.6 crore in Q3 FY2024.
- EBITDA improved by 22% quarter-on-quarter, rising to ₹45.6 crore from ₹37.5 crore in Q3 FY2024.
- Profit After Tax (PAT) saw a 6% increase quarter-on-quarter, standing at ₹26.7 crore against ₹25.2 crore in Q3 FY2024.
- Gold volumes for Q4 FY2025 were 789 kg, broadly stable compared to 794 kg in the same quarter last year.
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Full Year FY2024-25 Performance Highlights:
- Revenue from operations increased by 11% year-on-year, reaching ₹2,384 crore in FY2025 from ₹2,149.7 crore in FY2024.
- EBITDA grew by 10% year-on-year, amounting to ₹164.5 crore in FY2025 compared to ₹150.2 crore in FY2024.
- PAT surged by 24% year-on-year, reaching ₹100.4 crore in FY2025 from ₹80.9 crore in FY2024.
- Gold volumes for the full year FY2025 stood at 2,926 kg, a moderation compared to 3,261 kg in FY2024, reflecting a strategic shift towards higher-value sales and temporary softness in consumer demand due to elevated gold prices.
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Operational Highlights (FY2025):
- The company operates 21 showrooms (20 own, 1 franchisee) across 19 towns and cities in Andhra Pradesh and Telangana, covering 1,14,827 sq. ft.
- Average Bill Value for FY2025 was ₹95,492.
- Same Store Sales Growth (SSSG) for FY2025 was 6.65%.
- Old Gold Exchange accounted for 13.17% of sales.
- The company reported over 2 million loyal customers.
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Strategic Priorities for FY2025-26 include:
- Deepening geographical focus by expanding into untapped micro-markets in rural areas and Tier 3 cities of Andhra Pradesh and Telangana.
- Enhancing customer relationships through campaigns, exhibitions, and promotions, and augmenting brand strength.
- Improving operational efficiency by partnering with new vendors for diverse jewellery designs and strengthening inventory management.
- Market expansion by enhancing the product portfolio with unique designs and leveraging the e-commerce platform for domestic and international markets (US, Canada, UK).
The investor presentation has been uploaded on the company's website, www.vaibhavjewellers.com/investor-relations, for public dissemination.