Pushpa Jewellers, a leading B2B gold jewellery manufacturing company, has reported that its net profit in the September quarter was up 83 per cent to ₹20 crore from ₹11 crore logged in the same period last year, on the back of higher demand and rise in gold prices.
Income jumped 83 per cent to ₹314 crore (₹172 crore). EBITDA was up 60 per cent to ₹27 crore (₹17 crore).
The company has expanded the wholesale distribution network with the commencement of operations at a new B2B Trade Fulfilment Centre in Mumbai in August to enhance service for regional retail and corporate clients.
It also strengthened its portfolio of lightweight 22K and 18K traditional and contemporary gold jewellery designs during the half year.
The company had inventory built up of ₹120 crore as of September end (₹91 crore as of March-end) to support anticipated demand in the upcoming festive and wedding season.
The Board authorised a committee of directors to identify and acquire commercial showroom premises for an aggregate consideration of up to ₹100 crore to support the next phase of growth.
Anupam Tibrewal, Chairman & Managing Director, said the financial performance reflects the growing preference of retail jewellers for lightweight, BIS-hallmarked 22K and 18K gold jewellery, which enables them to offer attractive designs at accessible price points in a high gold-price environment.
With a strengthened post-IPO balance sheet and deepening relationships with wholesale and retail partners across India, he said the company is well positioned to capture the significant opportunity arising from the formalisation of the jewellery industry and the shift towards organised, trusted B2B suppliers, he added.
Published on November 13, 2026
