Manoj Vaibhav Gems N Jewellers Limited — Important, 07-03-2025: General Updates

Manoj Vaibhav Gems 'N' Jewellers has provided insights following an earnings conference call, addressing investor queries on various operational metrics.

In Q3 FY25, gold sales totaled 597 kg, down from 724 kg in Q3 FY24, while silver sales were 1,845 kg compared to 2,110 kg the previous year. The nine-month figures show gold sales of 2,137 kg, and silver at 6,148 kg. Total inventory reached ₹1,225.64 Cr as of December 31, 2024, with average inventory per store reported at ₹81.71 Cr, slightly lower than last year.

Store-wise revenues remain undisclosed for competitive reasons, but two newly opened stores contributed ₹13.42 Cr in Q3 and ₹45.8 Cr in the nine-month period. The flagship V Square store showed steady performance, with revenue figures closely aligning with the previous year. Customer advances decreased marginally to ₹219 Cr with 79,326 customers as of December 31, 2024, highlighting a slight decline from March’s figures.

Overall, the company's outlook suggests caution, with ongoing challenges in sales performance, particularly in gold and silver.