💍 RBZ Jewellers Sparkles in FY25 — But Can It Keep the Shine with Gold at ₹1 Lakh/Gram?

EduInvesting.in | May 14, 2025
By “Polish-the-Gold” Marathe

Gold may be volatile, but RBZ Jewellers seems to have found its mojo — both in sales and storytelling. The Q4 FY25 earnings call had everything: sparkling topline growth, a retail ramp-up, a dash of scandal (yes, we’re looking at you, fraudster employee), and a not-so-minor ₹25 crore tiff with the Income Tax Department.

But let’s polish this nugget down to the essentials.

📈 Revenue Bling: 59% YoY in Q4 FY25

Let’s start with the good stuff. RBZ Jewellers delivered a Q4 that would make even Titan’s boardroom nod in approval.

• Q4 FY25 revenue up 59% YoY
• Full-year topline estimated at ₹525–535 crore
• PAT at ₹8.5 crore (vs ₹2.69 crore in Q4 FY24)
• Akshaya Tritiya sales up 30%+
• Retail had a “wonderful year” (management’s words, not ours)

This isn’t a one-season wonder either — growth has been consistent through all quarters, even if a bit glitter-coated by accounting adjustments in prior years.

📊 FY26–27: The 4-Digit Club Beckons

If management’s crystal ball is correct, RBZ wants to break into the ₹1,000 crore club soon:

Not bad for a company that just recently got listed. But let’s not forget — jewelry retail in India is a game of bling, trust,