Reva Diamonds posts 52% revenue jump in H1FY27, opens first Jaipur store

What happened

PNGS Reva Diamond Jewellery reported H1FY27 net revenue up 52 per cent year-on-year to ₹2,385 million, driven entirely by diamond jewellery after exiting gold sales. Profit after tax rose 151 per cent to ₹505 million, and it opened its first Jaipur store.

Confirmed

Global impact / market context

Faster revenue and profit growth shows the diamond-only focus is paying off, which means the company keeps more profit per sale. That extra cash can fund new stores and the online channel without relying heavily on borrowed money.

Analyst inference

Reva is expanding its retail presence through new company-owned stores and e-commerce while targeting Tier-1 and some smaller cities. Investors may weigh whether this store rollout sustains growth as the company shifts fully away from gold sales.

Analyst inference

What to watch

1. Reva plans to launch 15 exclusive brand outlets in total, of which four have already opened, targeting Tier-1 cities and select Tier-2 and metro markets. Confirmed
2. Watch whether new stores add sales without raising costs too much, since each outlet requires rent, staff and stock, which affects profit per sale and cash available. Proposed
3. Track whether online sales through revadiamonds.com and festive-season demand lift quarterly revenue, since second-quarter growth came without festive days. Analyst inference

Evidence

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