D.P. ABHUSHAN LIMITED

"Rejuvenating Roots Sustaining Values"

EARNINGS PRESENTATION F.Y. - 2020-21

Necklaces
Rings
Chains
Bangles
Pendants

Earrings Armlets Gajrahs Nose Rings Mangalsutra Gold jewellery Diamond studded jewellery Precious and semi-precious stone studded jewellery Plain and diamond studded platinum jewellery Jadau Jewellery Jewellery with coloured stones in gold and diamond

Wedding jewellery Traditional Jewellery Valentine Jewellery Lightweight and trendy jewellery Flower Collection Idol Collection Dohra Collection Mewar Collection

Our Products

Our Styles

Our Collections

Exclusive collection of BIS/IGI certified jewellery

Buyback Guarantee In-house facility for jewellery processing in Ratlam

4-5 New Jewellery lines launched each year

+50K Jewellery Designs Efficient team of CAD designers

Redefining jewellery as a fashion statement, sound investment and lifelong asset

We are one of the fastest growing Listed Company in the Retail Jewellery Segment

S. No.	Companies	PAT CAGRGrowth	RevenueCAGR Growth
01	D.P. Abhushan Limited	35.50%53.78%	28.00%
02	Thangamayil Jewellery Limited	48.38%	9.23%
03	TBZ Limited	35.25%	-5.54%
04	Titan Company Limited	8.79%	13.62%
05	PC Jewellers Limited	-38.05%	-24.07%

Note - CAGR is based on the consolidated financial results obtained from NSE website from F.Y. 2016-17 to 2020-21 of respective Companies. Please note that Company mentioned on S. No. 2 is yet to declare its financial results for F.Y. 2020-21, thus its CAGR has been computed based on F.Y. 2019-20.

Rejuvenating roots by robust Expansion plans

As part of our expansion plans and vision to become a nationally established brand, we have recently opened three magnificent stores in Kota, Ujjain & Bhilwara.

07* Retail Stores

38,000 Sq. Ft. Area

91%

Average Conversion rate of

Customer Footfalls

+450 Employees

WE HAVE OUR RETAIL PRESENCE IN *

Indore , Bhopal , Ratlam , Udaipur , Ujjain, Bhilwara & Kota

SHOWROOM LOCATION

WE WILL HAVE OUR RETAIL PRESENCE IN

Enhancing the buying experience with state of the art Retail Architectures

SHOWROOM AT BHOPAL

SHOWROOM AT UDAIPUR SHOWROOM AT UJJAIN

SHOWROOM AT INDORE INDORE SHOWROOM (INTERIOR) BHILWARA SHOWROOM

SHOWROOM AT RATLAM SHOWROOM AT KOTA

HIGHLIGHTS FINANCIAL F.Y. 2020-21

CONSOLIDATED FINANCIAL HIGHLIGHTS - F.Y. 21

DECREASE BY 1.64% Y-o-Y

4.22 %

EBITDA Margin

HIGHER BY 64.31% Y-o-Y

12.31

In F.Y. 2020-21, the Company successfully launched its three new aesthetic jewelery showrooms at

Company got migrated to Main Board of NSE w.e.f.

Nov. 03, 2020

Company has incorporated wholly owned subsidiary company for carrying out business of jewellery on e-commerce platform to cater the small ticket size of jewellery and gift products made out of gold, diamond and silver. The e-commerce business is yet to be operationalized.

PAT (Standalone) for the year expanded by 64.67% to Rs. 27.46 Cr. as against Rs. 16.67 Cr. in last FY20 on account of Increase in turnover.

(1) Ujjain, (M.P.) in Aug.'20 (2) Bhilwara (Rajasthan) in Oct.'20 and (3) Kota, Rajasthan in Jan.'21

FY21 – Key Operational Highlights

CONSOLIDATED STATEMENT OF P&L FOR Q4 & FY 21

Quarter Ended Year Ended

31.03.2021(Rs. in Mn.)	30.12.2020(Rs. in Mn.)	31.03.2020(Rs. in Mn.)	31.03.2021(Rs. in Mn.)	31.03.2020(Rs. in Mn.)
5,901.79	4,142.79	2,335.27	12,181.69	8,086.16
0.67	0.16	4.25	1.15	4.44
5,902.45	4,142.95	2,339.52	12,182.84	8,090.59

1,166.17	732.46	227.91	2,199.74	1,595.69
4,587.25	3,568.42	2,047.10	9,766.76	6,303.79
-132.12	-437.50	-117.51	-642.39	(463.49)
42.83	35.90	28.46	128.73	112.88
38.04	29.64	27.00	107.93	94.56
14.89	8.56	7.47	39.47	29.89
75.39	87.95	43.91	216.25	194.86
5,792.45	4,025.43	2,264.34	11,816.48	7,868.17
110.01	117.52	75.18	366.35	222.42
-27.22	-30.28	-18.57	-92.33	55.65
82.79	87.24	56.61	274.02	166.77
1.40	2.11	2.42	2.25	2.06
162.94	155.71	109.65	513.75	346.86
2.76	3.76	4.69	4.22	4.29

12,181.69	8,086.16
1.15	4.44
12,182.84	8,090.59

2,199.74	1,595.69
9,766.76	6,303.79
-642.39	(463.49)
128.73	112.88
107.93	94.56
39.47	29.89
216.25	194.86
11,816.48	7,868.17
366.35	222.42
-92.33	55.65
274.02	166.77
2.25	2.06
513.75	346.86
4.22	4.29

(Rs. in Mn.)

			Year Ended
ASSETS		31.03.2021(Rs. in Mn.)	31.03.2020(Rs. in Mn.)
Non-Current Assets
	Property, Plant and Equipments – Tangible Assets	279.71	262.53
Right to Use Assets		141.87	34.21
Capital Work in Progress		2.50	5.66
Other Intangible assets		0.07	0.08
Intangible assets under development		1.81	0.00
Other Financial Assets		6.95	4.11
Other non-current assets		0.89	0.69
TOTAL (A)		433.81	307.29
Current Assets (B)
Inventories		3201.72	2299.00
Trade receivables		25.10	10.38
Cash and Cash Equivalents		110.99	22.72
Financial Assets – Others		24.72	8.87
Other current assets		154.61	38.22
TOTAL (A)		3517.14	2379.20
TOTAL ASSETS (A) + (B)		3950.94	2686.49

CONSOLIDATED BALANCE SHEET - ASSETS

EQUITY & LIABILITIES	31.03.2021(Rs. in Mn.)	31.03.2020(Rs. in Mn.)
Non-current Liabilities(A)
Borrowings	103.31	51.13
Other financial liabilities	106.59	16.42
Provisions	9.32	7.67
Deferred tax liabilities (Net)	8.75	8.39
TOTAL (A)	227.97	83.60
Current Liabilities (B)
Borrowings	1434.32	903.60
Trade payables	778.00	584.80
Other Financial Liabilities	45.42	24.08
Other Current Liabilities	494.44	393.24
TOTAL (B)	2752.18	1905.72
EQUITY (C)
Equity Share Capital	222.55	222.55
Other Equity	748.25	474.61
TOTAL (C)	970.79	697.16
GRAND TOTAL (A) +(B)+(C)	3950.94	2686.49

CONSOLIDATED BALANCE SHEET - EQUITY & LIABILITIES

Year Ended

The Company has adopted IND-AS for the first time in the F.Y. 2020-21, accordingly the previous year figures have been re-classified/re-grouped/adjusted accordingly.

D.P. ABHUSHAN – FINANCIAL GROWTH IN LAST 6 YEARS

Figures of F.Y. 2015-16 and F.Y. 2016-17 are based on restated financial statements of the Company as mentioned in its Prospectus dated Sept. 26 2017

On a journey of continuous financial growth

2015-16 2016-17 2017-18 2018-19 2019-20 EBITDA Margin ( in %) 2.93% 4.51% 3.35% 3.44%

Figures of F.Y. 2015-16 and F.Y. 2016-17 are based on restated financial statements of the Company as mentioned in its Prospectus dated Sept. 26, 2017

Our Hedging policy for mitigating risk of fluctuation in gold prices

Gold price is directly driven by various international factors and stringent domestic government policies.

We monitors the Gold price on a regular basis using pricing trends and forecasts from internationally reputed news agencies and international factors.

To mitigate the risk of gold price fluctuation, we follow the practice of buying the same quantity of gold which is sold by us on daily average basis. This practice acts as a natural hedging against gold price fluctuation. Moreover, unlike many other listed Companies, the cost of our gold inventories is determined on weighted average basis, which eliminates the impact of high fluctuation in gold prices to a certain extent, and thus makes Company more competitive in financial terms.

The Future Outlook of Indian Jewellery Sector

GDP CONTRIBUTION

As of February 2021, India's gold and diamond trade contributed ~7.5% to India's Gross Domestic Product (GDP) and 14% to India's total merchandise exports.

MARKET SIZE

In 2019, India's gems & jewellery export sector— which is one of the largest in the world—contributed ~27% to the global jewellery consumption.

POPULATION

India's middle-class population is expected to increase to 1,250 million in 2048 from 270 million in 2018

SCHEME

Gold Monetization Scheme launched by Indian Government to reduce the country's reliance on gold imports to meet the domestic demand has been a growth driver for industry.

BIS HALLMARKING SCHEME

The Government made hallmarking mandatory for Gold Jewellery and Artefacts. A period of one year is provided for implementation, i.e. until January 2021 w.e.f. 15-June-2021.

ONLINE SELLING BY GEMS & JEWELLERY RETAILERS

Jewellery players in India are re-evaluating the brick-and-mortar business model and planning to implement omni-channel approach with focus on digital strategy to boost sales.

Our Strong and Experienced Management Team

Mr. Vikas Kataria

(Chairman & MD) Exp. – 13 years

Mr. Santosh Kataria

(Whole Time Director) Exp. – 20 years

Mr. Anil Kataria

(Head - Business Development) Exp. – 25 years

Mr. Ratanlal Kataria

Mr. Amit Bandi

CEO

Mr. Vijesh Kasera

Head - Marketing Operations Experience : 43 years Experience : 22 years Experience : 18 years

CFO

Awards & Accolades

India's Best Diamond Bridal Jewellery Award

Excellence Award by IBC 24 in 2019 & 2018

Best Ring of the year 2019

India's Most Preferred jeweler in regional category (MP & Rajasthan) by UBM India

Best Promising Gems and Jewellery Company by IBJAL

Best Business Ethics Award at Gems and Jewellery Trade Council of India

Best Lifestyle Excellence Awards Indore 2020

Most Innovative Marketing Campaign

Best Ring design 2017

"With a strong market position and a long track record, we are evolving with changing times in the jewellery business in India. We are sharpening the basics, enhancing the appeal of our brand and increasing our geographic diversity."

Disclaimer:- This presentation contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating D.P. Abhushan Limited future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. We undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

D.P. Abhushan Limited 19, Chandni Chowk, Kataria Fashion Building Ratlam (MP) - 457-001 Email: [email protected] Website: www.dpjewellers.com Tel No.: 07412 - 490966

904, A Wing, Naman Midtown, Senapati Bapat Marg, Lower Parel, Mumbai -400013 Email: [email protected] Tel No.: 022-4906-0000 www.hemsecurities.com