1. Jewellery manufacturing scale-up - Abans Jewels Limited, the wholly owned subsidiary, recorded revenue of ₹3,582 crore in FY25, up from ₹1,348 crore the prior year, with profit before tax rising to ₹50.3 crore. This division is already larger than the parent's standalone revenue and delivers a positive margin, making its continued expansion the single most material earnings driver for the consolidated group.
2. Bullion import via GIFT City and IIBX - The company operates as a Qualified Jeweller under the IFSCA framework and is a recognised participant at the India International Bullion Exchange, enabling duty-concessional gold imports through the Tariff Rate Quota mechanism. Access to cheaper gold sourcing lowers the cost base for the ₹3,582-crore jewellery business and improves margins on institutional bullion trade.
3. Base metals trading with Nalco contract - The company secured a fourfold increase in its Nalco-linked aluminium contract, which management cites as an example of financial leverage translating to operational advantage. A larger, stable supply allocation from India's state-owned aluminium producer provides volume visibility and strengthens the base metals trading book.
4. Derivatives desk expansion into structured products - The derivatives desk launched performance-linked debentures backed by Nifty and gold, enhanced algo-based strategies across MCX and NCDEX, and increased option-writing capabilities for institutional hedging in FY25. These higher-value structured offerings can lift the margin profile of the trading segment beyond plain-vanilla brokerage.
5. International procurement via UAE subsidiary - Abans Gems and Jewels Trading FZC in Dubai recorded revenue of ₹194.5 crore in FY25 and enables smoother international procurement, cross-border hedging, and access to a wide network of trading counterparties. A functioning UAE procurement arm supports both the jewellery manufacturing pipeline and bullion import efficiency.
6. Agri commodity export push - Agri trading volumes stood at 5,541 MT in FY25, with management targeting deeper penetration into higher-margin commodities and new export markets for India-grown agri products. Moving from domestic physical trading to premium export-grade contracts can improve the margin structure of a segment that currently operates on thin spreads.
7. Technology build-out for algorithmic trading - The company upgraded core trading systems, deployed automated hedging reconciliation, and is investing in proprietary algo tools, risk dashboards, and execution engines across MCX, NCDEX, BSE, COMEX, and DGCX. Automation across the trade lifecycle reduces cost-to-serve and supports higher volumes without a proportional increase in headcount.
8. Mauritius hub for structured commodity trades - Splendid International Limited in Mauritius turned profitable in FY25 with revenue of ₹1.8 crore and profit before tax of ₹1.6 crore, and management intends to leverage it as a strategic hub for structured commodity trades. An operational Mauritius entity offers flexibility in cross-border flows and financial structuring for future diversification.