RADHIKAJWE - Radhika Jeweltec

📊 NSE: RADHIKAJWE 🏢 Diamond Cutting / Jewellery 📅 Last Updated: 12/14/2025 11:28

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single reportable segment: manufacturing and trading of gold, diamond, and platinum jewelry. Total revenue from operations grew 8.08% YoY, reaching INR 58,778.71 Lakhs in FY 2024-25 compared to INR 54,406.49 Lakhs in FY 2023-24.

Geographic Revenue Split

Primarily concentrated in Gujarat, India, with major operations and corporate offices located in Rajkot. Specific percentage split by region is not disclosed in available documents.

Profitability Margins

Net Profit After Tax (PAT) margin improved from 9.10% in FY 2023-24 to 10.22% in FY 2024-25, representing a 1.12% margin expansion. Profit After Tax (PAT) grew by 21.34% YoY to INR 6,010.68 Lakhs.

EBITDA Margin

Core profitability as reflected by Profit Before Tax (PBT) for FY 2024-25 was INR 8,431.41 Lakhs. Operating profit before working capital changes for the half-year ended September 30, 2025, was INR 4,928.99 Lakhs.

Capital Expenditure

Historical capital expenditure for FY 2024-25 included the purchase of property, plant, and equipment (PPE) amounting to INR 136.70 Lakhs. Total PPE as of March 31, 2025, was valued at INR 928.95 Lakhs.

Credit Rating & Borrowing

Total borrowings as of March 31, 2025, stood at INR 6,762.36 Lakhs, comprising INR 3,402.93 Lakhs in non-current borrowings and INR 3,359.43 Lakhs in current borrowings. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Primary raw materials include gold, diamonds, platinum, rose gold, polki, and various gemstones. Purchases of stock-in-trade for the half-year ended September 30, 2025, amounted to INR 17,652.05 Lakhs.

Capacity Expansion

The company is pursuing retail expansion and the launch of new collections to capitalize on market dynamics, though specific MTPA or unit capacity metrics are not disclosed.

Raw Material Costs

Raw material costs are heavily influenced by global gold price volatility. The company manages this through inventory hedging mechanisms and dynamic pricing strategies to protect margins.

Manufacturing Efficiency

Efficiency is driven through process automation, SOP reviews, and regular internal audits to ensure operational stability and compliance.

📈 Strategic Growth

Expected Growth Rate

8.08%

Growth Strategy

Growth will be achieved through retail expansion, the launch of themed jewelry collections catering to diverse age groups, strengthening omni-channel presence, and optimizing inventory management to enhance capital efficiency.

Products & Services

Manufacturing and trading of gold, diamond, rose gold, polki, platinum jewelry, and vibrant gemstones.

Brand Portfolio

Radhika Jeweltech

New Products/Services

Continuous introduction of diverse collections conceptualized around various themes and customer preferences to maintain a strong novelty factor.

Market Expansion

Retail expansion is a key focus, particularly within the Gujarat region and through omni-channel platforms.

Market Share & Ranking

Positioned as one of the largest and most respected jewelry companies in Gujarat.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward organized retail, increased demand for diverse materials like platinum and rose gold, and stricter regulatory compliance regarding hallmarking and AML/KYC norms.

Competitive Landscape

Operates in a competitive market with both organized and unorganized players, focusing on design innovation and customer trust to differentiate.

Competitive Moat

Durable advantages include a strong brand legacy in Gujarat, a reputation for craftsmanship and purity, and robust internal control systems that ensure financial integrity and operational efficiency.

Macro Economic Sensitivity

Highly sensitive to the Indian economy's growth and global jewelry market dynamics, which influence consumer spending on luxury goods.

Consumer Behavior

Evolving consumer landscape with a preference for branded jewelry, themed collections, and omni-channel shopping experiences.

Geopolitical Risks

Global economic indicators and commodity market volatility impact procurement decisions and inventory valuation.

⚖️ Regulatory & Governance

Industry Regulations

Subject to hallmarking regulations, Goods and Services Tax (GST) rates, import duties, and Anti-Money Laundering (AML) and Know Your Customer (KYC) norms.