Radhika Jeweltech Limited is an India-based jewelry retailer, principally engaged in the manufacturing and trading of gold, diamond, and platinum jewelry. Based out of Rajkot, Gujarat, RJL primarily deals in Gold, Diamond, and Customized jewelry, having served over 20 lakh customers to date.
The company was founded by Mr. Ashokkumar Zinzuwadia as a proprietorship firm in 1987 within the jewelry industry. On July 1, 2014, it evolved into a partnership firm named Radhika Jewellers, along with his brother and relatives. The company was subsequently transformed into a public limited company in 2016, changing its name to Radhika Jeweltech. It was listed on July 18, 2022, with Ashok Zinzuwadia as its Chairperson.
Radhika Jeweltech offers an extensive range of jewelry products designed to cater to diverse customer segments. Its collection includes both lightweight and heavy pieces in 22 karat and 18 karat gold. The designs are crafted in gold, diamonds, rose gold, and various gemstones, suitable for impulse shopping, fashionable everyday wear, festive occasions, and wedding trousseau.
The product range also features Kundan collections, meenakari styles in neckpieces, and a wide array of Mangalsutras. Customers can find a variety of jewelry options, including rings, earrings, pendants, bracelets, necklaces, chains, and bangles.
The company provides daily wear jewelry, pieces for personal occasions, festival jewelry, and wedding jewelry. Additionally, it offers precious and semi-precious stone-studded jewelry, gold coins, gold bullion, and loose diamond solitaires. RJL further enhances customer service by offering jewelry repairs, resizing, and cleaning services.
Radhika Jeweltech holds a market capitalization of ₹1,036 Crore as of July 2025, positioning it as a significant player in the Indian jewelry retail sector. The company has demonstrated strong growth momentum over the years. Over the last 5 years, revenue has grown at a yearly rate of 27.48%, significantly outpacing the industry average of 17.72%. Similarly, net income has grown at a yearly rate of 36.26% over the last 5 years, compared to the industry average of 23.76%, indicating superior operational efficiency and market positioning.
The company's market share increased from 0.07% to 0.42% over the last 5 years, showcasing its expanding presence in the competitive jewelry retail market.
For the full financial year ended March 2025:
- Net Profit: Rose 21.38% to ₹60.12 crore, up from ₹49.53 crore in FY24.
- Sales: Rose 8.04% to ₹587.79 crore, up from ₹544.06 crore in FY24.
For the quarter ended March 2025:
- Net Profit: Declined 2.88% to ₹11.13 crore, compared to ₹11.46 crore in the previous quarter ended March 2024.
- Sales: Rose 1.90% to ₹156.51 crore, compared to ₹153.59 crore in the previous quarter ended March 2024.
The company delivered exceptional performance in Q3 FY25:
- Consolidated Net Profit: Surged 45.1% to ₹22.73 crore, as against ₹15.67 crore in Q3 FY24.
- Revenue from Operations: Rose 17.2% year-on-year (YoY) to ₹206.06 crore.
- Profit Before Tax: Stood at ₹30.45 crore, up 44.9% as against ₹21.02 crore in Q3 FY24.
- Total Expenses: Increased 12.8% to ₹175.64 crore, compared to ₹155.63 crore in Q3 FY24.
On a nine-month basis, the company's net profit jumped 21.9% to ₹46.40 crore on a 10.4% increase in revenue to ₹431.28 crore over 9M FY24.
- Market Capitalization: ₹1,036 Crore (as of July 2025)
- Revenue (Q1 FY25, March 2025): ₹156.51 Crore
- Net Profit (Q1 FY25, March 2025): ₹11.13 Crore
- P/E Ratio: 17.23
- 52-Week High: ₹157.36
- 52-Week Low: ₹56.29
- Debt to Equity Ratio: 4%, indicating a healthy balance sheet.
In the quarter ending June 2024, Radhika Jeweltech Ltd declared a dividend of ₹0.20, translating to a dividend yield of 0.22%.
Radhika Jeweltech has received notable recognition from the Gems and Jewellery Trade Council of India, including the award for "Best Retail Jewellery Showroom West" in 2014. This award underscores the company's commitment to retail excellence and high standards of customer service.
The company's auditor is Panchal S K & Associates. The main management team includes Ashok Zinzuwadia as Chairman and Aditi Gorasia as the Company Secretary. Radhika Jeweltech maintains regular communication with stakeholders through quarterly results and board meetings, ensuring transparency in its operations and strategic direction.
