D. P. Abhushan Limited — PPTs, 20-05-2025: Investor Presentation

1. Financial Highlights:

D.P. Abhushan reported total revenue of ₹3,312 Cr for FY25, up 42% YoY. EBITDA rose 73% to ₹175 Cr with margin improvement to 5.27% from 4.30%. Profit before tax increased 82% to ₹151 Cr, while profit after tax grew 80% to ₹113 Cr. EPS jumped 80% to ₹50. Gold accounted for ₹3,071 Cr (93%, +43%), silver ₹68 Cr (2%, +15%), and diamonds ₹159 Cr (5%, +53%). Inventory increased to ₹722 Cr from ₹455 Cr, and net equity rose to ₹404 Cr from ₹239 Cr.

2. Strategic Initiatives & Growth Drivers:

Growth was driven by volume increases—gold up 15% to 4,091 kg, diamond carats up 24% to 31,103. New showrooms in Ajmer and Neemuch expanded retail reach, with a focus on tier 2 cities supporting sustained revenue growth. Continued store expansion and customer base broadening remain key growth levers.

3. Business Developments:

Two new outlets launched during the year, alongside a 10%+ increase in exhibition sales, indicating a multi-format approach to boost customer engagement beyond traditional stores and diversify revenue streams.

4. Market Position & Competitive Advantage:

The company holds a leadership position regionally with a dominant gold portfolio (~93% of revenue), expanding diamond and silver segments, and benefits from scale and strong brand recall in key cities, supporting competitive strength.

5. Investor Implications:

Robust top-line growth and margin expansion highlight positive growth potential driven by volume and retail expansion. Rising inventory and working capital require monitoring for execution risk. Overall, operational leverage and financial discipline suggest compelling medium-term value for retail investors.