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Earnings Call

Khazanchi Jewellers Earnings Call: Key Takeaways

Khazanchi Jewellers reported stellar FY26 performance with PAT nearly doubling YoY, driven by a successful flagship launch in Chennai and a shift toward higher-margin diamond and designer jewelry.

Why this was an Alfa AlertNot a filter event. Results met long-standing 25-30% growth guidance but did not materially exceed it by >10%.
Highlights
Revenue growthFY26 revenue rose 15.7% YoY to ₹2051.02 crore.
MarginsEBITDA margin up 253bps to 6.19% due to retail mix.
Demand visibilityStrong outlook backed by cultural gold demand and wedding season.
Management confidenceHigh confidence based on successful retail scaling and five-decade legacy.

Growth

Revenue grew 15.71% to ₹2051cr, while EBITDA margins expanded 253bps to 6.19% through retail premiumization.

Outlook

Management maintains a 25-30% growth trajectory, aiming for 25% retail share within two years.

Risks

Gold price volatility and government requests to curb imports pose temporary demand and cost risks.

Last quarter's promises, checked

Delivered

  • Guided 30% growth → delivered 34.04% 9M revenue growth (= BEAT)
  • Guided 10% to 25% retail contribution → delivered successful 10,000 sq ft flagship launch (= BEAT)
  • Guided 6% EBITDA margin → delivered 6.19% (= BEAT)

Partly delivered

  • Guided 30% growth for all verticals → overall revenue growth 15.7% for FY26 (= PARTIAL)
Source

Earnings Call filed with BSE, BSE: 543953. Summary written with AI assistance from the document.

Read the document ↗

Khazanchi Jewellers Ltd: key numbers

Share price
₹727.00
Market cap
₹1,799 Cr
Revenue (annual)
₹2,049 Cr
Net profit (annual)
₹89.42 Cr
P/E (TTM)
20.1×Sector 55.7×
Promoter holding
74.51%+0.00% QoQ
FII holding
0.02%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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12:13 IST BSE
Earnings Call

Khazanchi Jewellers Earnings Call: Key Takeaways

Khazanchi Jewellers Ltd reports strong FY26 growth, transitioning from B2B wholesale focus to high-margin B2C retail with a new 10,000 sq. ft. flagship showroom in Chennai.