Yaashvi Jewellers IPO

Yaashvi Jewellers is a jewellery-making firm based in Jaipur that deals in various types of gold jewellery in purities of 9K, 14K, 18K, 20K, and 22K. The company’s specialisation is machine-made gold chains that form the core product line and play an integral role in various other forms of jewellery. Alongside making gold jewellery, the company also deals in trading studded gold jewellery, diamond jewellery, fashion silver jewellery, gold bullions, and customised jewellery.

The company functions through two different verticals, namely manufacturing and trading. As per FY26, the manufacturing vertical has accounted for ₹319.84 crore (71.3%), while the trading vertical has generated ₹128.31 crore (28.6%) of revenue. The company mainly focuses on B2B clients which accounted for ₹332.06 crore (74.10%) of FY26 revenue. The company is also expanding into the retail segment by offering a diverse range of products to B2C customers who purchase jewellery for personal use. The B2C segment accounted for ₹116.09 crore (25.90%) of total FY26 revenues.

Product-wise, basic gold chains emerged as the major revenue driver with ₹293.8 crore revenue in FY26, followed by designer gold jewellery with ₹126.16 crore (28.1%). Geographically, Rajasthan continued to be the biggest market for the company in FY26 by accounting for 57.90%, whereas Maharashtra accounted for 35.29% and the rest by others.