Lalithaa Jewellery Mart
Lalithaa Jewellery Mart
Consumer DiscretionaryKey Fundamentals
SmallcapTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 43.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.7%
Growth Rate
AI Analysis — Bull vs Bear
Lalithaa Jewellery Mart Ltd is a mid-cap jewellery retailer with a market cap of ₹18,859 Cr, trading at a PE of 18.7x. The company has delivered exceptional profit growth of 179% TTM and maintains a strong ROE of 40% in the last year, though several data gaps — including debt-to-equity, EPS, and 52-week price range — limit full visibility into its financial health.
- Exceptional TTM profit growth of 179% indicates a sharp acceleration in earnings momentum
- 5-year compounded profit CAGR of 44% reflects sustained long-term earnings expansion well above sector averages
- Last year ROE of 40% is significantly above typical consumer discretionary benchmarks, signalling efficient capital deployment
- 3-year ROE of 30% and 5-year ROE of 27% demonstrate consistent and durable return generation, not a one-off spike
- TTM sales growth of 48% suggests strong consumer demand and successful store expansion or same-store growth
- 5-year compounded sales CAGR of 28% shows the company has scaled revenues meaningfully over an extended period
- PE of 18.7x is relatively modest for a company delivering 44-63% profit CAGR, suggesting earnings growth may not yet be fully priced in on a PEG basis
- 3-year compounded sales CAGR of 23% maintained through a period that included post-COVID disruption in discretionary retail
- Price-to-book ratio of 4.57x is elevated for a jewellery retailer where inventory (gold) forms a large part of the asset base, raising questions about asset-light premium sustainability
- Zero dividend yield (0%) despite strong profitability suggests all cash is being retained with no shareholder return via dividends
- Debt-to-equity ratio is unavailable (null), making it impossible to assess leverage risk — a critical gap for a gold-inventory-heavy business that often relies on borrowings
- EPS data is unavailable, preventing per-share earnings quality analysis and dilution assessment
- 52-week high and low are both reported as 0, indicating limited price discovery data — possibly reflecting a recent listing with thin trading history
- 10-year ROE, sales CAGR, and profit CAGR data are all missing, limiting the ability to assess truly long-cycle performance and durability
- Stock price CAGR across all timeframes (1Y, 3Y, 5Y, 10Y) is unavailable, making it impossible to evaluate market return track record or volatility
- Jewellery retail is highly sensitive to gold price swings and discretionary spending cycles — the 48% TTM sales growth may partly reflect gold price inflation rather than pure volume growth
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 net profit drops 40% QoQ Sep 12
Consolidated net profit fell 40% QoQ to ₹2,082.2 million in Q1FY27. Standalone net profit dropped to ₹2,083.8 million from ₹3,459.4 million in the prior quarter.
- Revenue dips 7.1% sequentially Sep 12
Consolidated revenue declined 7.1% QoQ to ₹60,312.3 million in Q1FY27, indicating sequential softness despite strong YoY growth.
- 65th store opens in Chennai Sep 3
Lalithaa Jewellery inaugurated its 65th retail outlet in Redhills, Chennai — a 6,918 sq ft showroom offering gold, diamond, and silver collections with introductory discounts.
- Revenue up 26% YoY Sep 12
Despite the QoQ decline, Q1FY27 revenue grew 26% YoY to ₹60,312.3 million, reflecting strong annual demand trends.
- Malaysian subsidiary investment Sep 12
Board approved ₹171.15 million investment in its Malaysian subsidiary, signaling international expansion ambitions.
- SEBI fair disclosure code filed Aug 28
Lalithaa Jewellery submitted its Code of Practices for Fair Disclosure of UPSI to stock exchanges on August 28, 2026, complying with SEBI PIT Regulations.
TL;DR: Lalithaa Jewellery continues expanding its retail footprint with a 65th store and international plans via a Malaysian subsidiary, while delivering solid 26% YoY revenue growth. However, the sharp 40% QoQ drop in net profit and 7.1% sequential revenue decline flag near-term margin pressure. The company is keeping up with regulatory compliance as a recently listed entity. Investors should watch whether the QoQ profit decline is seasonal or signals a deteriorating margin trend in the coming quarters.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 4,786 | 6,500 | 6,040 |
| Expenses | 4,354 | 5,955 | 5,667 |
| Operating Profit | 432 | 545 | 373 |
| OPM % | 9% | 8% | 6% |
| Other Income | 8 | 2 | 4 |
| Interest | 50 | 49 | 62 |
| Depreciation | 34 | 33 | 30 |
| PBT | 357 | 465 | 284 |
| Tax % | 26% | 26% | 27% |
| Net Profit | 264 | 346 | 208 |
| EPS in Rs | 5.28 | 6.92 | 4.17 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,758 | 7,827 | 7,246 | 8,187 | 13,381 | 16,786 | 16,897 | 25,039 |
| Expenses | 7,501 | 7,478 | 6,824 | 7,774 | 12,855 | 16,078 | 16,128 | 23,320 |
| Operating Profit | 258 | 349 | 421 | 413 | 526 | 709 | 770 | 1,719 |
| OPM % | 3.3% | 4.5% | 6% | 5% | 3.9% | 4.2% | 4.6% | 7% |
| Other Income | 4 | -7 | 7 | 38 | 11 | 11 | 8 | 13 |
| Interest | 112 | 145 | 141 | 142 | 158 | 166 | 191 | 242 |
| Depreciation | 18 | 51 | 52 | 54 | 61 | 72 | 87 | 130 |
| PBT | 132 | 146 | 236 | 255 | 318 | 482 | 500 | 1,359 |
| Tax % | 36% | 27% | 30% | 26% | 27% | 26% | 27% | 26% |
| Net Profit | 84 | 107 | 165 | 189 | 233 | 358 | 363 | 1,009 |
| EPS in Rs | 70.47 | 89.65 | 138 | 159 | 196 | 150 | 7.26 | 20.18 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 250 | 250 |
| Reserves | 591 | 699 | 864 | 1,054 | 1,287 | 1,645 | 1,763 | 2,766 |
| Borrowings | 713 | 682 | 705 | 624 | 540 | 1,255 | 1,374 | 2,045 |
| Other Liabilities | 775 | 1,233 | 1,376 | 1,514 | 2,394 | 2,270 | 3,643 | 5,980 |
| Total Liabilities | 2,091 | 2,626 | 2,957 | 3,203 | 4,233 | 5,182 | 7,030 | 11,042 |
| Fixed Assets | 121 | 445 | 479 | 465 | 516 | 560 | 643 | 630 |
| CWIP | 5 | 16 | 18 | 34 | 47 | 41 | 15 | 24 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 | 114 | 104 |
| Other Assets | 1,964 | 2,165 | 2,459 | 2,704 | 3,670 | 4,581 | 6,259 | 10,285 |
| Total Assets | 2,091 | 2,626 | 2,957 | 3,203 | 4,233 | 5,182 | 7,030 | 11,042 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 209 | — | 153 | 243 | 317 | -20 | 290 | -401 |
| Investing | -31 | — | -30 | -36 | -67 | -112 | -215 | -63 |
| Financing | -171 | — | -110 | -218 | -245 | 137 | -46 | 428 |
| Net Cash Flow | 8 | — | 13 | -11 | 4 | 5 | 29 | -36 |
| Free Cash Flow | 179 | — | 122 | 206 | 254 | -108 | 170 | -465 |
| CFO/OP | 101 | — | 42 | 75 | 75 | 14 | 61 | -11 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 1 | 2 | 1 | 1 | 2 | 3 | 3 |
| Inventory Days | 90 | 102 | 129 | 124 | 102 | 99 | 139 | 159 |
| Days Payable | 4 | 6 | 4 | 6 | 6 | 3 | 7 | 9 |
| Cash Conversion Cycle | 87 | 96 | 126 | 119 | 97 | 98 | 135 | 153 |
| Working Capital Days | 16 | 20 | 31 | 36 | 27 | 28 | 32 | 37 |
| ROCE % | — | 22% | 25% | 22% | 27% | 27% | 22% | 38% |
Documents
Frequently Asked Questions about Lalithaa Jewellery Mart
What does Lalithaa Jewellery Mart Ltd do?
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What is the PE ratio of Lalithaa Jewellery Mart Ltd?
What is the 52-week high and low of Lalithaa Jewellery Mart Ltd?
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Company Information
Incorporated in November 1985, Lalithaa Jewellery Mart Limited is a jewellery retail company with a strong regional presence across South India.[1]
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