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Utssav CZ Gold Jewels share price & results

Utssav CZ Gold Jewels Ltd· Consumer Durables· Consumer Discretionary

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Mumbai-based B2B manufacturer of 18K/20K/22K CZ (cubic zirconia) and rose gold jewellery, expanding into plain gold and diamond jewellery for retailers across India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue679 ₹ crore+87.6% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin7.0 %0.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit30.0 ₹ crore+100.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+5.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-5.43 %+8.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−11.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

2 of 2 judged targets kept · 13 open · verdicts reflect calls analysed to Q4 FY26.

Utssav CZ Gold Jewels Ltd management guidance track record on Inve: 15 targets tracked across analysed earnings calls (2 achieved, 0 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
Total Income₹1,100-1,200 crores for FY26
Call transcript, Q2 FY26 · 3 Nov 2025		Q2 FY26Q4 FY26:Company reported FY26 total income of ₹1,157 crores, which is within the guided range.
Call transcript, Q4 FY26 · 25 May 2026		Achieved
EBITDA Margin9% to 10% sustainable
Call transcript, Q2 FY26 · 3 Nov 2025		Q2 FY26Q4 FY26:FY26 EBITDA margin was 8.1%, below the target. Management guided for a lower 7-8% margin for FY27 due to product mix changes (plain gold jewelry).
Call transcript, Q4 FY26 · 25 May 2026		Revised Down
Total Income₹4,000-5,000 crores by FY2030
Call transcript, Q2 FY26 · 3 Nov 2025		Q2 FY26Q4 FY26:Management reiterated the guidance for FY30, supported by strong FY26 growth and plans for capacity expansion.
Call transcript, Q4 FY26 · 25 May 2026		On Track

Source: Inve Guidance Tracker for Utssav CZ Gold Jewels Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

13 of Utssav CZ Gold Jewels Ltd's 15 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹989.8 −2.41% · −₹24.45

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +387.1% 1Y

₹0.2k₹0.4k₹0.6k₹0.8k₹1.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 3 Nov 2025Q4 FY26 — 25 May 2026

1Y: ₹203.2 on 24 Oct 2025 → ₹989.8. High ₹1,019.6 (22 Oct 2026), low ₹179 (16 Mar 2026).

Previous close
₹1,014.25
Market cap
₹2.4k Cr
52-week range
₹179 – ₹1,019.6
One year
+360.69%
Price to earnings (FY ending Mar 2026)
40.51×
Return on equity (FY ending Mar 2026)
36.31%

Overview

Symbol
NSE:UTSSAV
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Utssav CZ Gold Jewels Ltd does

Based on the company's own presentations, annual report and earnings calls.

Utssav CZ Gold Jewels designs, manufactures, wholesales and exports Cubic Zirconia (CZ) and rose gold jewellery in 18K, 20K and 22K purity, including rings, earrings, pendants, bangles, necklaces, bracelets, watches and brooches. It runs a 100% in-house, integrated manufacturing process at its Andheri (Mumbai) facility covering CAD design, wax replicas, casting, polishing, stone-setting and BIS hallmarking. The company sells on a 100% B2B model, supplying jewellery retailers and distributors directly rather than through its own retail stores, and has begun diversifying into plain gold casting, natural diamond and lab-grown diamond jewellery.

Segments

  • CZ & rose gold jewellery (18K/20K/22K)
  • Plain gold casting jewellery
  • Natural diamond jewellery
  • Lab-grown diamond jewellery
Manufacturing facility
1 facility, 8,275 sq. ft. in Andheri (Mumbai) — 1 corporate office + 2 production units
Installed manufacturing capacity
2,000 kg/year (FY26)
Capacity utilization
~65%
Retailer/distributor network (touch points)
430+
State presence
23 states and 2 Union Territories
Design library
70,000+ designs; 400+ new CAD designs per month
Founded 2007Headquarters Andheri (East), Mumbai, Maharashtra Company website

How the price took the results

close before → close after

Q4 FY26
+1.6%
25 May
Q2 FY26
+4.9%
3 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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