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Earnings Call

Khazanchi Jewellers Earnings Call: Key Takeaways

Khazanchi Jewellers reported FY26 total income of ₹2,051.02 Cr, up 15.71% YoY, with PAT growing 98.87% to ₹89.42 Cr, driven by retail expansion and premiumization.

Why this was an Alfa AlertNot a filter event. Results and guidance are in line with management's stated growth targets.
Highlights
Revenue growth15.71% YoY for FY26; 8.1% for H2 FY26.
MarginsImproving; shifting to higher-margin retail and designer jewelry.
Demand visibilityStrong festival and wedding demand; resilient despite high prices.
Management confidenceHigh; confident in sustaining 25-30% growth trajectory.

Growth

FY26 EBITDA surged 95.69% to ₹126.99 Cr; EBITDA margins expanded 253 bps to 6.19%.

Outlook

Targeting 25-30% revenue growth for FY27; retail share aimed at 25% within two years.

Risks

Gold price volatility and potential short-term impact from government requests to reduce gold imports.

Last quarter's promises, checked

Delivered

  • Guided 30% revenue growth → delivered 34.04% (9M FY26) (= BEAT)
  • Guided 10,000 sq ft showroom launch → delivered 7th Feb opening (= BEAT)
  • Guided retail contribution increase → delivered ₹20cr sale in first 10 days (= BEAT)

Partly delivered

  • Guided 30% FY27 revenue growth → delivered 15.71% for full 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.