Uday Jewellery Industries Ltd: FY26 Audited Results Show Strong Post-Merger Growth

FY26 Revenue: ₹725.63 crore
FY26 Net Profit: ₹35.77 crore

Reader Takeaway: Robust merger-driven growth in revenue and profit, but historical comparisons are restated.

What just happened

Uday Jewellery Industries Ltd has announced its audited financial results for the fiscal year ended March 2026. The company reported a significant increase in both revenue and net profit. Revenue from operations for FY26 stood at ₹725.63 crore, a substantial jump of 95.2% compared to the restated figures of ₹371.76 crore for FY25. Net profit after tax more than doubled, soaring by 127.1% to ₹35.77 crore in FY26, up from ₹15.75 crore in FY25 (restated).

Why this matters

These results are crucial for investors as they reflect the performance of Uday Jewellery Industries Ltd post its merger with Narabada Gems and Jewellery Limited. The substantial growth in revenue and profit indicates the successful integration and expanded scale of the combined entity. The company also received an unmodified opinion from its auditors, M/s. Anant Rao & Mallik, signifying that the financial statements are presented fairly and without material concerns.

The merger, approved by the National Company Law Tribunal (NCLT) on January 21, 2026, with an appointed date of April 1, 2024, means that the reported FY26 figures represent the performance of the combined business. Consequently, the financial figures for FY25 have been restated to provide a comparable baseline reflecting the merger's impact.

The backstory

Uday Jewellery Industries Ltd is engaged in the jewellery business. The company recently underwent a significant corporate restructuring through a merger with Narabada Gems and Jewellery Limited. This merger was approved by the NCLT and became effective with an appointed date of April 1, 2024.

What changes now

The reported financial metrics for FY26 are for the consolidated entity post-merger. Investors should view the FY25 figures as restated comparatives, making the year-on-year growth figures more reflective of the combined business's trajectory. The company's total assets stood at ₹380.54 crore, and total equity was ₹207.42 crore as of March 31, 2026.

Risks to watch

A key point for investors to note is the restatement of comparative financial data. Because the previous year's (FY25) and prior quarters' results were restated due to the merger, historical operational trends prior to the appointed date may not be directly comparable to the combined entity's performance. Investors need to focus on the future operational efficiency and growth of the integrated business.

Peer comparison

While specific peer data isn't provided in the filing, the reported growth rates for Uday Jewellery Industries Ltd, especially the revenue and profit surge following a merger, suggest a significant expansion in market presence. The jewellery sector in India is competitive, with companies often showcasing strong seasonal sales and growth driven by brand, design, and expanding retail networks.

Context metrics (time-bound)

• Revenue from Operations (FY26): ₹725.63 crore (vs. ₹371.76 crore in FY25 Restated)
• Net Profit after Tax (FY26): ₹35.77 crore (vs. ₹15.75 crore in FY25 Restated)
• EPS (Basic) (FY26): ₹10.78
• Total Assets (as of March 31, 2026): ₹380.54 crore
• Total Equity (as of March 31, 2026): ₹207.42 crore

What to track next

Investors should monitor the company's quarterly performance to assess the sustained growth of the combined entity beyond the initial post-merger boost. Future announcements regarding market share, new product launches, and retail expansion will be key indicators of the integrated business's success.