Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹20080 Cr.
Stock P/E
19.9
P/B
4.6
Current Price
₹358.8
Book Value
₹ 77.5
Face Value
5
52W High
₹414.3
52W Low
₹ 240.3
Dividend Yield
0%

Lalithaa Jewel.Mart Overview

Business

Lalithaa Jewellery Mart Ltd. is an India-based jewellery retailer primarily operating in South India (Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Puducherry). The company specializes in the retail sale of a wide range of gold, diamond, platinum, and silver jewellery. Its core business model involves sourcing precious metals and stones, designing and manufacturing (or outsourcing manufacturing), and then selling these finished jewellery products directly to consumers through its network of showrooms. The company makes money through the retail margins on its jewellery sales, with a significant focus on offering competitive pricing, particularly through low "making charges" on gold jewellery.

Revenue Mix

The company's revenue is primarily derived from the retail sale of various types of jewellery. While exact percentages can fluctuate, its main segments are:

Gold Jewellery: This is the dominant revenue contributor, aligning with the strong cultural preference for gold in India.

Diamond Jewellery: A growing segment, catering to evolving consumer preferences.

Silver & Platinum Jewellery: Contributes a smaller portion of the overall revenue.

The company does not typically report detailed segment-wise revenue splits beyond these broad categories in public domain, but gold jewellery forms the bulk of its sales.

Industry

The Indian jewellery industry is one of the largest globally, characterized by its significant cultural importance, high demand for gold, and a mix of organized and unorganized players. The market is highly fragmented, with a gradual shift towards organized retailers due to increasing consumer awareness regarding purity, trust, and standardized pricing. Lalithaa Jewellery Mart is a well-established regional organized player, particularly strong in South India. It positions itself as a value-for-money brand, offering a wide variety of designs at competitive prices, especially known for its lower making charges. It competes with large national chains like Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas, as well as numerous local and unorganized jewellers.

MOAT

Lalithaa Jewellery Mart's primary competitive advantages include:

Brand Trust & Reputation: Built over decades, especially in its core markets of South India, leading to strong customer loyalty.

Value Proposition: Known for competitive pricing and lower making charges on gold jewellery, which attracts a significant price-sensitive customer base.

Extensive Product Portfolio: Offers a vast range of designs and categories, catering to diverse tastes and budgets.

Growing Retail Network: A well-established and expanding showroom presence in key cities and towns within its operating regions.

Growth Drivers

Key factors that can drive Lalithaa Jewellery Mart's growth over the next 3-5 years include:

Rising Disposable Incomes: Growth of India's middle class and increasing urbanisation is expected to fuel discretionary spending on jewellery.

Cultural Significance: Continued strong demand for jewellery, especially gold, for weddings, festivals, and as an investment asset in India.

Shift to Organized Retail: Consumers are increasingly moving from unorganized local jewellers to trusted organized players for assured purity, transparent pricing, and better service.

Geographic Expansion: Opening new showrooms in untapped or underserved regions within and outside its current strongholds in South India.

Design Innovation: Ability to adapt to changing consumer preferences for modern and lightweight designs.

Risks

Gold Price Volatility: Sharp fluctuations in gold prices can impact sales volume, inventory valuation, and working capital requirements.

Intense Competition: High competition from well-capitalized national players and numerous regional/local jewellers can pressure margins and market share.

Regulatory Changes: Changes in government policies related to gold imports, customs duties, GST rates, or hallmarking regulations can affect business operations and profitability.

Economic Slowdown: A general economic downturn or reduced consumer sentiment can lead to lower discretionary spending on jewellery.

Working Capital Management: High inventory levels of precious metals require substantial working capital, making the company susceptible to interest rate fluctuations.

Management & Ownership

Lalithaa Jewellery Mart Ltd. is a promoter-driven company. M.R.V. Ram Reddy is the Founder and the current Chairman & Managing Director, who has been instrumental in the company's growth and expansion. The management team has extensive experience in the jewellery retail sector. Promoters typically hold a substantial equity stake (e.g., around 73-75% as per recent filings), indicating a strong alignment of interests between the management and shareholders. The company's operations are largely guided by the strategic vision of the promoter group.

Outlook

Lalithaa Jewellery Mart is well-positioned to capitalize on the secular growth trends in the Indian jewellery market, driven by increasing disposable incomes, cultural affinity for jewellery, and the ongoing shift from unorganized to organized retail. Its established brand reputation and value-for-money proposition in South India provide a solid foundation for continued expansion. However, the company faces inherent risks associated with gold price volatility, intense competition from national players, and potential regulatory shifts. Its ability to manage inventory effectively, maintain competitive pricing, and successfully execute its expansion plans while adapting to evolving consumer tastes will be critical for sustained growth and profitability in a dynamic market.

Lalithaa Jewel.Mart Share Price

Live · BSE / NSE · Inception: 1985
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Lalithaa Jewel.Mart Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 4786 6031
Other Income 8 4
Total Income 4794 6035
Total Expenditure 4352 5658
Operating Profit 442 376
Interest 50 62
Depreciation 34 30
Exceptional Income / Expenses 0 0
Profit Before Tax 359 284
Provision for Tax 93 75
Profit After Tax 266 208
Adjustments 0 0
Profit After Adjustments 266 208
Adjusted Earnings Per Share 5.3 4.2

Lalithaa Jewel.Mart Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 6682 5861 0 8139 13317 16788 16897 25024 10817
Other Income 1 0 0 5 6 14 11 16 12
Total Income 6683 5861 0 8145 13323 16802 16908 25040 10829
Total Expenditure 6507 5669 0 7722 12781 16084 16131 23312 10010
Operating Profit 176 192 0 423 541 717 777 1728 818
Interest 78 91 0 141 155 161 186 237 112
Depreciation 9 10 0 54 61 72 87 131 64
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 89 92 0 228 325 485 503 1360 643
Provision for Tax 32 32 0 61 87 125 139 350 168
Profit After Tax 57 59 0 167 238 360 365 1010 474
Adjustments -0 -0 0 0 0 0 0 0 0
Profit After Adjustments 57 59 0 167 238 360 365 1010 474
Adjusted Earnings Per Share 1.2 1.2 0 3.3 4.8 7.2 7.3 20.2 9.5

Lalithaa Jewel.Mart Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 361 428 0 968 1208 1564 1925 2930
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 3 2 0 0 4 9 32 27
Other Non-Current Liabilities -1 -1 0 337 368 386 376 360
Total Current Liabilities 781 896 0 1888 2638 3190 4556 7578
Total Liabilities 1143 1324 0 3193 4218 5150 6889 10895
Fixed Assets 68 77 0 467 518 562 645 634
Other Non-Current Assets 51 82 0 113 128 152 128 121
Total Current Assets 1024 1166 0 2613 3573 4437 6116 10139
Total Assets 1143 1324 0 3193 4218 5150 6889 10895

Lalithaa Jewel.Mart Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 35 8 0 25 14 18 23 52
Cash Flow from Operating Activities 70 -27 0 220 280 -18 289 -398
Cash Flow from Investing Activities -23 -24 0 -36 -67 -112 -215 -66
Cash Flow from Financing Activities -74 53 0 -194 -209 135 -44 428
Net Cash Inflow / Outflow -27 2 0 -11 4 5 30 -36
Closing Cash & Cash Equivalent 8 9 0 14 18 23 52 16

Lalithaa Jewel.Mart Ratios

# Mar 2015 Mar 2016 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.17 1.2 0 3.34 4.77 7.2 7.29 20.2
CEPS(Rs) 1.36 1.39 0 4.42 5.99 8.64 9.04 22.81
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 7.18 8.45 0 19.37 24.15 31.29 38.51 58.6
Core EBITDA Margin(%) 2.62 3.27 0 5.13 4.02 4.19 4.53 6.84
EBIT Margin(%) 2.5 3.11 0 4.53 3.61 3.85 4.08 6.38
Pre Tax Margin(%) 1.33 1.56 0 2.8 2.44 2.89 2.98 5.44
PAT Margin (%) 0.86 1.01 0 2.05 1.79 2.14 2.16 4.04
Cash Profit Margin (%) 0.99 1.17 0 2.71 2.25 2.57 2.67 4.56
ROA(%) 5.01 4.8 0 7.38 6.43 7.68 6.06 11.36
ROE(%) 16.32 15.42 0 24.07 21.91 25.96 20.9 41.6
ROCE(%) 18.22 17.98 0 27.31 28.77 31.21 26.2 43.11
Receivable days 6.32 7.51 0 3.59 1.12 1.15 1.89 2.42
Inventory Days 48.3 58.59 0 79.51 82.52 84.41 109.79 114.42
Payable days 3.34 3.03 0 3.64 4.59 3.75 4.61 6.39
PER(x) 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.08 0.12 0 0.08 0.04 0.05 0.07 0.07
EV/Core EBITDA(x) 3.18 3.57 0 1.47 0.98 1.1 1.45 1.05
Net Sales Growth(%) 0 -12.29 0 38.88 63.61 26.07 0.65 48.09
EBIT Growth(%) 0 9.02 0 102.36 30.19 34.36 6.82 131.61
PAT Growth(%) 0 3.51 0 181.41 42.94 50.94 1.36 176.87
EPS Growth(%) 0 2.34 0 178.28 42.94 50.95 1.36 176.87
Debt/Equity(x) 1.59 1.63 0 0.64 0.45 0.53 0.49 0.55
Current Ratio(x) 1.31 1.3 0 1.38 1.35 1.39 1.34 1.34
Quick Ratio(x) 0.18 0.19 0 0.03 0.04 0.05 0.05 0.04
Interest Cover(x) 2.14 2.01 0 2.62 3.09 4.01 3.7 6.74
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +48% +23% — —
Operating Profit CAGR +122% +47% — —
PAT CAGR +177% +62% — —
Share Price CAGR — — — —
ROE Average +42% +29% +27% +24%
ROCE Average +43% +34% +31% +28%

Lalithaa Jewel.Mart Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 82.85 %
FII 2.9 %
DII (MF + Insurance) 4.65 %
Public (retail) 9.61 %
# Jun 2026 Aug 2026 Sep 2026
Promoter 082.8582.85
FII 02.612.9
DII 04.484.65
Public 010.069.61
Others 000
Total 100100100

Lalithaa Jewel.Mart Peer Comparison

Diamond & Jewellery Edit Columns

Lalithaa Jewel.Mart Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Lalithaa Jewel.Mart Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • 0
  • Debtor days have increased from 4.61 to 6.39days.
  • Stock is trading at 4.6 times its book value.
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