Deepa Jewellers Records 36.06% Rise In Q2 Standalone Net Profit, Total Income Up 24.69%

Deepa Jewellers, a prominent jewellery retailer, announced a significant surge in its financial performance during the second quarter of its fiscal year 2026. The company's standalone net profit soared by 36.06%, reaching ₹37.25 crore, up from ₹27.39 crore in the same period last year. This impressive growth was mirrored in its total income, which expanded by 24.69% to ₹626.09 crore, compared to ₹502.19 crore in the previous quarter.

The company's shares made a stellar debut on the stock market, experiencing a nearly 25% increase in value since their listing on September 8, 2026. Despite the rise in total expenses by 25.25% to ₹582.97 crore, the company managed to maintain profitability, as evidenced by the rise in earnings per share (EPS) to ₹4.10, up from ₹3.34 in the corresponding quarter of the previous fiscal year.

Looking at the broader picture, Deepa Jewellers' half-year results for the period ending September 30, 2026, were equally impressive. The standalone net profit for the half-year increased by 31.83% to ₹64.09 crore, compared to ₹48.61 crore in the same period last year. The total income for the six-month period also saw a notable rise, reaching ₹1,057.22 crore, up from ₹812.25 crore in the prior half-year.

Moreover, the company completed its Initial Public Offering (IPO) during this period. The IPO consisted of a fresh issue of ₹250 crore and an offer for sale of ₹209.72 crore. The company's equity shares were listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited, with the paid-up equity share capital standing at ₹192.25 crore as of September 30, 2026.