Latest News

• Manoj Vaibhav Gems N Jewellers Limited (MVGJL) held a conference call on June 4, 2025, to discuss Q4 FY25 results.
• Q4 FY25 Highlights (Y-o-Y):
  • Turnover: ₹705.10 crore (up 29.0%)
  • EBITDA: ₹45.62 crore (up 24.3%)
  • PBT: ₹36.17 crore (up 29%)
  • PAT: ₹26.75 crore (up 30.1%)
• FY25 Highlights (Y-o-Y):
  • Turnover: ₹2,384.02 crore (up 10.9%)
  • EBITDA: Up 9.5%
  • PBT: ₹129.66 crore (up 19.3%)
  • PAT: Up 24.1%
• COO Rakhal Gontla mentioned the company increased 6 showrooms in the last year, bringing the total to 21, with a focus on Tier 2 and 3 cities in Andhra and Telangana.
• The company plans to open approximately 10 silver jewelry showrooms and one premium gold jewelry showroom (Visesha) in Visakhapatnam by September. The Visesha showroom is targeted to generate revenue between ₹150 crore to ₹200 crore in the first year.
• The average cost for setting up a silver store is estimated at ₹5,000 to ₹6,000 per square foot, with an average store size of 2,000-3,000 square feet. The Visesha showroom will be 6,000+ square feet with a capex of ₹8,000 to ₹9,000 per square foot (excluding rent).
• The company is exploring opportunities in Vijayawada, including a potential silver jewelry showroom.
• Same Store Sales Growth (SSSG) for pre-IPO stores is 6.65%. Excluding flagship stores Rajam and Mancherial, SSSG is 2%.
• The management is targeting a top-line growth of 10.9% for the coming year, consistent with the previous year. The silver stores are targeting an inventory ratio of approximately 1.25 to 1.5, and the margins are, it will be around 25 % to in between 25 % to 30%.
• Grandhi Vittal mentioned that Visesha margins can equate with Polki and Polki jewelry, which were at the margin of around 18%.

• Manoj Vaibhav Gems N Jewellers Limited (MVGJL) has responded to an inquiry from the National Stock Exchange of India (NSE) regarding a recent increase in the trading volume of its shares.
• The company stated that it consistently discloses all material information affecting its operations and performance to the stock exchanges, as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• MVGJL clarified that it is unaware of the specific reasons for the increased trading volume.
• The company believes the movement in volume/price is market-driven and influenced by various factors, including overall market conditions, over which the company has no control or specific knowledge.
• The management of MVGJL asserts that it is not connected to the movement in the price or volume of the company's shares.
• MVGJL reaffirms its commitment to adhering to corporate governance practices.

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.

• 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.

• 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.

• 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.

• 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.

Manoj Vaibhav Gems N Jewellers Limited (MVGJL) announced on 28 May 2025, that its Board of Directors, at a meeting held today, has approved the re-appointment of M/s. P.A. Naidu & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2025-26.

Key details of the re-appointment include:

• The decision was based on the recommendations of the Audit Committee.
• M/s. P.A. Naidu & Associates, based in Visakhapatnam, is re-appointed for the financial year 2025-26.
• P Appala Naidu, the proprietor of P.A. Naidu & Associates, is a fellow member of the Institute of Chartered Accountants of India with 16 years of experience in auditing, accounting, direct tax, and indirect tax.
• The firm offers a range of services including audit and assurance, direct and indirect taxation, statutory and internal auditing, internal financial control, certification services, stock and assets auditing, and tax filings.
• The Board Meeting commenced at 11:41 A.M. and concluded at 2:35 P.M.

• Manoj Vaibhav Gems N Jewellers Limited (MVGJL) approved the audited financial results for the fourth quarter and financial year ended March 31, 2025, in a board meeting held on May 28, 2025.
• The Board re-appointed M/s. P.A. Naidu & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2025-26 based on the Audit Committee's recommendation.
• The Board reviewed and updated the policy on Code of Conduct and Code to Regulate, Monitor and Report Trading by Designated Persons as per SEBI regulations.
• Financial Performance (₹ in million):
• Revenue from operations for the year ended March 31, 2025, was ₹ 23,840.17 as against ₹ 21,496.73 in the previous year.
• Net profit for the year stood at ₹ 1,004.21, compared to ₹ 809.26 in the previous year.
• IPO Funds Utilization (₹ in million):
• Proceeds utilized towards capital expenditure for 8 new showrooms: ₹ 119.98.
• Inventory cost for the 8 new showrooms: ₹ 1,600.14.
• General corporate purposes: ₹ 172.98.
• Total unutilized funds as on March 31, 2025: ₹ 751.19, which is in the form of FD with Banks ₹ 745.20 and Balance in Monitoring A/c ₹ 5.99.
• The auditor's report submitted by M/s. Sagar & Associates, Chartered Accountants, has an unmodified opinion on the annual audited financial results for the financial year ended March 31, 2025.