Earning Call Transcript of Q4FY26

ADVIT JEWELS LIMITED (Formerly Known as Advit Jewels Private Limited) Corporate Office: Flat No. 201 and Basement, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India Ref: AJL/CS/2026-27/10 Date: July 28, 2026 To, To, BSE Limited National Stock Exchange Limited Department of Corporate Services Exchange Plaza, 5th Floor, Pheroze Jeejeebhoy Towers, Dalal Street, Plot No. C/1, G Block, Mumbai –400001 Bandra-Kurla Complex, Mumbai – 400051 Scrip Code: 544803 Trading Symbol: RAMBHAJO Subject: Transcript of Earnings Call with analysts and investors for the quarter and financial year ended March 31, 2026 Dear Sir/Madam, In continuation to the letter dated July 20, 2026 and July 23, 2026, we hereby inform you that pursuant to Regulations 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Earnings Call with analysts and investors held on Thursday, July 23, 2026 at 4:00 P.M. in relation to the Audited Standalone Financial Results of the Company for the quarter and Financial year ended March 31, 2026, has been uploaded on the website of the Company. The same can be accessed at the following link: https://rambhajo.com/wp-content/uploads/2026/07/Transcript-Earning-Call-Q4FY26.pdf A copy of the transcript is annexed herewith. Kindly take the same on record. Thanking You, Yours faithfully FOR ADVIT JEWELS LIMITED Pratibha Soni Company Secretary and Compliance Officer M. No.: A71116 Encl: as above CIN: U36910RJ2019PLC066804 Registered Office: Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India Contact No.: 0141-4027333/4028333; Email Id: cs@advitjewels.com Website: www.rambhajo.com; GST No.: 08AASCA8740N1ZU “Advit Jewels Limited Q4 and FY26 Earnings Conference Call” July 23, 2026 MANAGEMENT: MR. NITIN GILARA – CHAIRMAN AND MANAGING DIRECTOR – ADVIT JEWELS LIMITED MR. PRATEEK GILARA – WHOLE-TIME DIRECTOR – ADVIT JEWELS LIMITED MR. DEEPESH SHARMA – CHIEF FINANCIAL OFFICER – ADVIT JEWELS LIMITED MODERATOR: MR. KARAN THAKUR – KIRIN ADVISORS PRIVATE LIMITED Page 1 of 16 Advit Jewels Limited July 23, 2026 Moderator: Ladies and gentlemen, good day and welcome to Advit Jewels Limited Q4 and FY26 Earnings Conference Call, hosted by Kirin Advisors Private Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand over the call to Mr. Karan Thakur from Kirin Advisors Private Limited. Thank you and over to you, sir. Karan Thakur: Thank you. Good afternoon, everyone. On behalf of Kirin Advisors, I welcome you all to the Q4 and FY26 Earnings Conference Call of Advit Jewels Limited. We have with us the senior management of the company led by Mr. Nitin Gilara, Chairman and Managing Director; Mr. Prateek Gilara, Whole-time Director; and Mr. Deepesh Sharma, Chief Financial Officer. We will begin with the management's opening remarks on the company's operational and financial performance for the quarter and year ended Financial Year '26, following which we will open the floor for Q&A session. Thank you. I now hand over the call to Mr. Nitin Gilara. Over to you, sir. Nitin Gilara: Yes. Good afternoon, everyone and a warm welcome to all our investors, analysts and stakeholders joining us today for the Q4 and FY26 earnings conference call of Advit Jewels Limited. On behalf of management team, I sincerely thank you for your continued trust and support. Financial Year 26 has been a landmark year for Advit Jewels. During the year, we successfully listed our equity shares on NSE and BSE while delivering our strongest annual financial performance to date. These milestones reflect our commitment to sustainable growth, strong corporate governance and long-term value creation. Built on the 100 plus year legacy of Rambhajo brand, Advit Jewels specializes in premium handcrafted Kundan Polki diamond-studded and antique bridal jewellery. Our integrated business model, modern manufacturing facility in Jaipur and skilled artisans enable us to consistently deliver high-quality jewellery while preserving the richness of traditional Indian craftsmanship. During Financial Year '26, we continued to strengthen our business fundamentals. Our active customer base increased from 96 to 274 customers. Today, we serve customers across 21 states and have also initiated our export journey, creating new opportunities for future growth. Coming to our financial performance, Q4 Financial Year ‘26 was comparatively softer on a year- on-year basis. The company reported total income of INR43,22,92,000. EBITDA of INR12,55,56,000with an EBITDA margin of 29.04%, while net profit stood at INR8,74,05,000, translating into a diluted EPS of INR 2.79. Despite of softer quarter, we remain focused on operational discipline, cost optimization and maintaining healthy profitability while continuing to strengthen the long-term fundamentals of the business. Page 2 of 16 Advit Jewels Limited July 23, 2026 Looking at the full year performance, Financial Year 26 was one of the strongest years in company's history. Total income increased by 33.68% to INR1,67,02,56,000. EBITDA grew to 32.52% to INR49,23,80,000and net profit increased by 35.56% to INR34,38,79,000. EBITDA margin stood at 29.48% while diluted EPS improved to INR10.74, reflecting the strength of our business model and disciplined execution. As we move into Financial Year 27, our focus remains on expanding our customer network, introducing innovative jewellery collections, enhancing manufacturing capabilities, improving operational efficiencies and gradually strengthening our presence in international markets. Before I conclude, I would like to sincerely thank our customers, business partners, artisans, employees, shareholders and all our stakeholders for their continued trust and support. Thank you once again joining us today. I now request the moderator to open the floor for the question- and-answer sessions. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Vinod Shah from VS Ventures. Please go ahead. Vinod Shah: Yes, hello. Good afternoon, sir. Am I audible? Moderator: Yes, sir, you are audible. Vinod Shah: Yes. Thank you for the opportunity, sir. So, I just have like couple of questions. So, the first one is like our capacity utilization was around 31% in FY26. So, like what were the key reasons behind this decline in capacity utilization? Nitin Gilara: Okay. So, basically when we talk about Advit Jewels jewellery, it is not the generic jewellery which is which is always calculated with the statistics of capacity of the goods made. We are into the jewellery which is made from diamonds, Polkis, color stones and gold. So, when we calculate only gold, then we are actually not justified with the product. This time when we were doing new products, we did with the lighter weight of gold because the gold prices rose and the product value was going high. And the designing also is a big part. It's a design-centric jewellery. So, if it is 31%, that means the gold usage was approximately on this line. But when you look at the stone used and when you look at the Polki and diamond use, then it will be to the level because the amount of turnover is coming in front of you. So, the statistics of weight don't work with the Advit Jewels jewellery actually. Vinod Shah: Okay, sir. And sir, like can you elaborate some productivity initiatives that have been implemented? Like just to improve the overall efficiency and the labor output of artisans? Nitin Gilara: Can you come up again, because I couldn't hear in middle [Showing first 8,000 characters — download PDF for full document]