RBZJEWEL

Current scenario - Strong Q2 FY27 performance with revenue up 55% YoY to INR 225 crores, driven by robust retail demand. - Retail segment grew 72% YoY to INR 148 crores; Wholesale up 31% and Job Work up 19%. - PAT stood at INR 16 crores with a margin of 7.3%, impacted by higher finance costs, depreciation, and promotional expenses. Changes in trends - Finance cost increased from INR 2.55 crores to INR 5.54 crores due to inventory carrying costs for the new Surat store. - Depreciation and other promotional expenses (onetime store launch expenses) also scaled up significantly. - Shift from B2B to B2C resulted in higher bullion sales with negligible margins, impacting gross margins. Management Guidance & Outlook - Surat store opened in late September, averaging around INR 50 lakhs in sales per day in its first month. - Rajkot store launch slated for November 21-25; Maninagar and Gandhinagar stores planned for December and January. - Marketing budget projected at INR 20 crores to INR 25 crores for the year to support new store rollouts. - Aiming to increase Gold Metal Loan (GML) share from current INR 14-15 crores to 100 kg+ over the next 6 months to reduce interest costs and hedge inventory. - Long-term vision remains focused on aggressive retail expansion across Gujarat and western zones, building Harit Zaveri Jewellers into a leading consumer brand.

- RBZ Jewellers Limited informed the exchanges about the audio recording link of the earnings conference call held on 03rd November 2026. - The call was arranged for analysts and investors to discuss the financial performance of the company for the quarter ended 30th September 2026. - Audio recording link: https://rbzjewellers.com/wp-content/uploads/2026/11/Outcome-of-conference-call-with-Analyst-Investors-Audio-Recording-on-03.11.2026.mp3

- Company submitted the link for the audio recording of the earnings conference call held on 03rd November 2026. - Call was held to discuss the financial performance for the quarter ended 30th September 2026. - Audio link provided for investor and analyst access.

Q2 FY27 Consolidated Revenue ₹2,247Mn vs ₹1,451Mn (▲54.9% YoY) EBITDA ₹292Mn vs ₹195Mn (▲49.7% YoY) PAT ₹164Mn vs ₹110Mn (▲49.1% YoY) EBITDA Margin 13% vs 13.4% (▼40bps) - Launched a new ~10,000 sq. ft. flagship showroom in Surat on 24th September 2026. - Planned upcoming retail expansions in Rajkot, Gandhinagar, and East Ahmedabad.

- Rbz Jewellers Limited has informed about the reconstitution of various board committees. - Mr. Rajiv Mehta, Independent Director, has been appointed as a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee effective from November 03, 2026. - Details of the revised compositions for all three committees have been provided.

Q2 FY27 Standalone Revenue ₹224.71Cr vs ₹145.08Cr (▲55% YoY) EBITDA ₹29.20Cr vs ₹28.21Cr (▲4% YoY) PAT ₹16.39Cr vs ₹18.56Cr (▼12% YoY) EBITDA Margin 13.0% vs 19.4% (▼640bps)

Q2 FY27 Standalone Revenue ₹224.71Cr vs ₹145.08Cr (▲55% YoY) EBITDA ₹29.20Cr vs ₹28.21Cr (▲3% YoY) PAT ₹16.39Cr vs ₹18.56Cr (▼12% YoY) EBITDA Margin 13.0% vs 19.4% (▼640bps)