Jewellery Stock Reports 77% Q1 Profit Growth, Expands Retail Network With New FOCO Showroom

D.P. Abhushan Ltd reported a strong Q1 FY27 performance, with net profit rising 77% to ₹644.95 million, supported by robust revenue growth and continued demand across its jewellery retail business. Alongside the quarterly results, the company's board approved two major retail expansion initiatives, including its first company-owned showroom in Dahod, Gujarat, and its first Franchisee Owned Company Operated (FOCO) showroom in Jabalpur, Madhya Pradesh.

The latest expansion plans reflect the company's strategy to strengthen its retail presence through both owned and asset-light franchise formats while capitalising on growing demand in India's organised jewellery market.

D.P. Abhushan Reports Strong Q1 FY27 Earnings

For the quarter ended June 30, 2026, D.P. Abhushan reported net profit of ₹644.95 million, compared with ₹364.24 million in the corresponding quarter last year. Revenue from operations increased to ₹8.52 billion from ₹5.40 billion, while total income rose to ₹8.54 billion.

The company also reported a sharp improvement in profitability, with earnings per share (EPS) increasing to ₹28.23 from ₹16.07 in the year-ago quarter.

Q1 FY27 Financial Performance

Metric	Q1 FY27	Q1 FY26
Revenue from Operations	₹8.52 billion	₹5.40 billion
Total Income	₹8.54 billion	₹5.41 billion
Net Profit	₹644.95 million	₹364.24 million
EPS (Basic)	₹28.23	₹16.07

Profit Before Tax Improves Sharply

The company's profit before tax (PBT) increased to ₹862.12 million, compared with ₹485.93 million in the corresponding quarter of the previous financial year.

According to the company, its business continues to operate through a single reportable segment, Gems & Jewellery, which includes jewellery manufacturing, wholesale operations and retail sales across its store network.

Board Approves Retail Expansion

Along with the quarterly earnings, the Board of Directors approved the opening of two new retail outlets to strengthen the company's presence in western and central India.

The company will open its first company-owned retail showroom in Dahod, Gujarat, with an area of approximately 3,200 square feet. The board also approved a Franchisee Owned Company Operated (FOCO) showroom in Jabalpur, Madhya Pradesh, covering around 3,750 square feet.

The Jabalpur outlet will be the company's first FOCO-format showroom, marking a significant step towards expanding through an asset-light franchise model.

Retail Expansion Details

Particular	Details
Company-Owned Store	Dahod, Gujarat
Store Area	~3,200 sq. ft.
FOCO Showroom	Jabalpur, Madhya Pradesh
Store Area	~3,750 sq. ft.
Expansion Model	First Franchisee Owned Company Operated (FOCO) outlet

FOCO Model to Support Future Growth

The introduction of the FOCO model is expected to help D.P. Abhushan expand into new markets with lower capital investment while maintaining operational control over customer experience and store operations.

The company has primarily expanded through company-operated stores in the past, making the Jabalpur outlet an important milestone in diversifying its retail expansion strategy.

Management and Corporate Updates

The quarterly financial results were approved by the Board of Directors at its meeting held on July 20, 2026.

The limited review of the financial statements was conducted by Jeevan Jagetiya & Co., Chartered Accountants. The company operates its jewellery business under the "D.P. Jewellers" brand and continues to expand its retail network across multiple cities in India.

Historical Share Price Performance

D.P. Abhushan has delivered strong long-term returns despite mixed short-term performance.

Historical Stock Returns

Period	Return
1 Day	+8.79%
5 Days	+21.39%
1 Month	+58.44%
6 Months	+3.71%
1 Year	-6.09%
5 Years	+706.34%

Company Overview

D.P. Abhushan Ltd, operating under the D.P. Jewellers brand, is one of India's organised jewellery retailers with operations spanning gold, diamond, platinum and silver jewellery. The company follows an integrated business model covering jewellery manufacturing, wholesale distribution and retail sales through its expanding showroom network.

1. What were D.P. Abhushan's Q1 FY27 results?

D.P. Abhushan reported net profit of ₹644.95 million, up 77% year-on-year, while revenue from operations increased to ₹8.52 billion during Q1 FY27.

2. What new stores has D.P. Abhushan approved?

The company approved a company-owned showroom in Dahod, Gujarat, and its first FOCO showroom in Jabalpur, Madhya Pradesh, expanding its organised jewellery retail network.

3. What is the FOCO model?

FOCO (Franchisee Owned Company Operated) is a retail expansion model where the franchisee owns the store while the company manages operations, branding and customer experience.

4. What was D.P. Abhushan's EPS in Q1 FY27?

The company reported basic earnings per share (EPS) of ₹28.23, compared with ₹16.07 in the corresponding quarter of the previous financial year.

5. Which business does D.P. Abhushan operate?

D.P. Abhushan, under the D.P. Jewellers brand, operates in the Gems & Jewellery segment, with businesses spanning jewellery manufacturing, wholesale trading and organised retail.