RAMBHAJO reports 32.96% operating margin in standalone Q1FY27
Other income was limited to Rs 0.08 cr, while management outlined a 27,790 sq. ft. Jaipur flagship and wider franchise expansion.
Filed 10 Aug 2026, 18:31 IST · after market close · RAMBHAJO (RAMBHAJO)
Key takeaways
- Standalone Q1FY27 operating margin was 32.96%, leaving operations as the main source of reported profit.
- Other income contributed only Rs 0.08 cr against Rs 9.89 cr of standalone profit before tax, limiting the quality adjustment to earnings.
- Management said it plans a 27,790 sq. ft. flagship store in Jaipur while expanding through franchises and Tier 1 and Tier 2 cities.
Operating earnings led the standalone quarter
RAMBHAJO reported standalone revenue of Rs 35.32 cr and operating profit of Rs 11.64 cr in Q1FY27, with operating earnings accounting for the bulk of profit before tax. Net profit was Rs 8.19 cr, while EPS stood at Rs 2.46.
Profit quality was not reliant on other income
Other income was Rs 0.08 cr against profit before tax of Rs 9.89 cr, so reported earnings were not materially supported by non-operating income. Interest expense of Rs 1.45 cr and depreciation of Rs 0.38 cr were the main deductions between operating profit and profit before tax; the reported tax rate was 17.20%.
Management outlined a wider retail footprint
Management said it plans to develop a 27,790 sq. ft. flagship store in Jaipur and extend the retail network through franchising and expansion into Tier 1 and Tier 2 cities. The company also said it is strengthening financial resources for working capital and inventory procurement. Management further pointed to new jewellery collections, digital-platform activity and participation in industry exhibitions as part of its business initiatives.
Filed after market close
The standalone results were filed after market close on 10 Aug 2026. There is therefore no same-day market reaction to interpret for this quarter.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹35 cr |
| Other income | ₹0 cr |
| Expenses | ₹24 cr |
| Operating profit | ₹12 cr |
| Operating margin (%) | 32.96% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹10 cr |
| Tax | ₹2 cr |
| Net profit | ₹8 cr |
| EPS (₹) | ₹2.46 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company plans to develop a flagship store in Jaipur with a constructed area of 27,790 sq. ft.
- The company plans to expand its retail reach through franchising and expansion into Tier 1 and Tier 2 cities.
Expansion
- The company is expanding its presence across high-potential markets in India.
- The company plans to develop a 27,790 sq. ft. flagship store in Jaipur.
- The company plans to strengthen retail reach through a franchise model and expansion into Tier 1 and Tier 2 cities.
New products
- The in-house design team is focusing on new jewellery concepts and product variations.
New initiatives
- The company is strengthening its financial resources for working capital and inventory procurement.
- The company is developing innovative jewellery collections aligned with market trends.
- The company is enhancing its online presence through social media and digital platforms.
- The company participates in industry exhibitions including Couture India and JAS.
What to watch
- Updates on the planned 27,790 sq. ft. Jaipur flagship store.
- Whether standalone operating margin is maintained around 32.96% as the retail footprint expands.
- Whether interest expense remains near Rs 1.45 cr while working capital and inventory funding are strengthened.