Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27: PAT Rises 12.51% to Rs 35.70 Cr, Revenue Rs 790.69 Cr

Manoj Vaibhav Gems 'N' Jewellers Ltd (MVGJL) Q2 Results FY27 announced on 13 November 2026, covering the company's financial performance for the July to September quarter. The standalone results show revenue of Rs 790.69 Cr and net profit (PAT) of Rs 35.70 Cr. This article on Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 follows the results date and the standalone results basis exactly as filed with NSE and BSE, and Univest has laid out the figures in plain language.

This Manoj Vaibhav Gems 'N' Jewellers Q2 Results results analysis covers the financial highlights, the business drivers, the outlook and the risks. Each part builds on the one before it, so the numbers read as one connected story. The Financial Highlights table comes first, followed by the key takeaways.

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Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 790.69 Cr	Rs 755.82 Cr	+4.61% YoY
Operating Profit	Rs 51.51 Cr	Rs 55.43 Cr	-7.07% YoY
Net Profit (PAT)	Rs 35.7 Cr	Rs 31.73 Cr	+12.51% YoY

Source: company filing for Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27, 13 November 2026. Figures in Rs Crore, Standalone basis.

Key Takeaways from Manoj Vaibhav Gems 'N' Jewellers Q2 Results: What Stands Out

• Revenue rose 4.61% YoY to Rs 790.69 Cr from Rs 755.82 Cr in the same quarter a year earlier, a moderate top-line gain.
• Net profit climbed 12.51% YoY to Rs 35.70 Cr, against Rs 31.73 Cr in the comparison quarter, which is the headline YoY growth figure.
• Operating Profit fell 7.07% YoY to Rs 51.51 Cr from Rs 55.43 Cr, so this profit line moved opposite to revenue and net profit.
• Standalone basis: all figures in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 are standalone, and the results date was 13 November 2026 for the July to September 2026 quarter.
• Debt is the main watch point: debt stood at 0.55 times total assets in FY26, a point the performance analysis picks up next.

Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27: Performance Analysis

Manoj Vaibhav Gems 'N' Jewellers reported revenue of Rs 790.69 Cr for July to September 2026, up 4.61% YoY from Rs 755.82 Cr. Net profit rose 12.51% YoY to Rs 35.70 Cr, while Operating Profit moved down 7.07% YoY to Rs 51.51 Cr. The quarterly results therefore show two profit lines moving in different directions.

On the results analysis side, net profit grew faster than revenue, and Operating Profit grew slower than revenue, which means it declined. The supplied numbers show what changed in the quarter but do not establish a specific cause, so the next section sticks to the business factors that the data lists. Investors tracking Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 can compare each YoY growth figure with the Rs 31.73 Cr net profit of the comparison quarter.

The Manoj Vaibhav Gems 'N' Jewellers Q2 Results release also gives a clear split between the profit lines. Net profit added Rs 35.70 Cr this quarter against Rs 31.73 Cr a year earlier, while Operating Profit stood at Rs 51.51 Cr against Rs 55.43 Cr. The quarterly results therefore lead the reader to the business factors, which is where the results analysis turns next.

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Key Business Factors This Quarter

Revenue growth – The results analysis points to revenue growing 4.6% YoY to Rs 790.69 Cr in the latest quarter. This top-line movement is the base for the profit lines in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27, and it sits against the Rs 755.82 Cr reported a year earlier.

Net profit growth – Net profit rose 12.5% YoY to Rs 35.70 Cr in the quarter. These quarterly results show net profit expanding faster than revenue, based on the supplied figures, and Univest users can follow the same trend on the screener page.

Return on capital employed – Return on capital employed was 16.28% in FY26. This ratio shows the profit the company earned on the capital used in the business, and it gives the quarter's figures a full-year reference point.

FY27 Outlook After Manoj Vaibhav Gems 'N' Jewellers Q2 Results

The full FY27 picture will depend on how the coming quarters compare with this one. Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 gives one data point, with revenue of Rs 790.69 Cr and net profit of Rs 35.70 Cr, and further quarterly disclosures will show whether the pattern holds. The results analysis here avoids any guidance that the company has not given.

Investors can follow the next board meeting dates and the filings on NSE and BSE for fresh numbers. Return on capital employed of 16.28% in FY26 and net profit growth of 12.51% YoY give two reference points for those updates. The same reference points also lead into the risks discussed next.

Key Risks to Watch After Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27

High Debt Level

Debt is high at 0.55 times total assets in FY26. Even with the YoY growth seen in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27, investors can watch how this borrowing level moves in later quarters, since it shapes how much profit stays with shareholders.

Slower Annual Per-Share Profit Growth

Annual profit growth per share slowed to 14.5% in FY26 from 24.1% in FY25. This slower pace is worth tracking alongside every new set of quarterly results, because it shows how growth compares across full years.

Return on Equity Below 15%

Return on equity of 14.82% in FY26 is below 15%. This ratio measures profit earned on shareholder capital, so the YoY growth in net profit should be read against that full-year level in future quarterly results.

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Conclusion

Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 show standalone revenue up 4.61% YoY and net profit up 12.51% YoY, with Operating Profit down 7.07% YoY. The Manoj Vaibhav Gems 'N' Jewellers Q2 Results data shows a mixed profit picture and a high debt level. These quarterly results and the standalone results basis are laid out above for easy checking, and investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27

What are Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 are the standalone quarterly results for July to September 2026, declared on 13 November 2026, showing revenue of Rs 790.69 Cr and net profit of Rs 35.70 Cr, as the introduction says.

What is the results date for Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Manoj Vaibhav Gems 'N' Jewellers declared its Q2 FY27 results on 13 November 2026, which is the results date for the July to September 2026 quarter. The Quick Answer box at the top of the article states it too.

What revenue was reported in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Manoj Vaibhav Gems 'N' Jewellers reported standalone revenue of Rs 790.69 Cr in the quarter, compared with Rs 755.82 Cr a year earlier. The Financial Highlights table shows this figure beside the YoY change for comparison.

What net profit was reported in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Manoj Vaibhav Gems 'N' Jewellers reported net profit of Rs 35.70 Cr, while the comparison quarter had Rs 31.73 Cr. The Key Takeaways section lists this as the headline profit figure for the quarterly results.

How much YoY growth did revenue show in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Revenue showed YoY growth of 4.61% in the quarter, rising to Rs 790.69 Cr, which means the top line moved up. The Performance Analysis section explains the comparison.

Did net profit rise or fall in Manoj Vaibhav Gems 'N' Jewellers Q2 Results?

Ans. Net profit rose 12.51% YoY in Manoj Vaibhav Gems 'N' Jewellers Q2 Results, from Rs 31.73 Cr to Rs 35.70 Cr. Alongside this, revenue also rose, as the Performance Analysis section sets out.

What was the Operating Profit in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. Operating Profit was Rs 51.51 Cr in Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27, down 7.07% YoY from Rs 55.43 Cr, which means it moved opposite to net profit. The Financial Highlights table carries the same figure.

Are Manoj Vaibhav Gems 'N' Jewellers Q2 Results standalone results or consolidated results?

Ans. Manoj Vaibhav Gems 'N' Jewellers Q2 Results are standalone results, so every figure covers the standalone entity. This basis is stated in the Quick Answer and used throughout the Financial Highlights and analysis sections.

What business factors shaped Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. The supplied factors are revenue growth of 4.6% YoY, net profit growth of 12.5% YoY and return on capital employed of 16.28% in FY26, all explained in Key Business Factors.

What are the key risks after Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27?

Ans. The listed risks are debt at 0.55 times total assets, slower annual per-share profit growth, and return on equity of 14.82%. These come from the Key Risks section, each with a note.

What is the outlook after Manoj Vaibhav Gems 'N' Jewellers Q2 Results?

Ans. The FY27 full-year picture will depend on later quarters, since Manoj Vaibhav Gems 'N' Jewellers Q2 Results is one data point. The Outlook section points to return on capital employed of 16.28% as a reference.

Where can I find the complete Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 data?

Ans. The complete Manoj Vaibhav Gems 'N' Jewellers Q2 Results FY27 data is in the Financial Highlights table of this article, and the filing is available on NSE and BSE. Univest also lists the figures on its screener page.