| Revenue growth | 15.71% YoY for FY26; 8.1% for H2 FY26. |
|---|---|
| Margins | Improving; shifting to higher-margin retail and designer jewelry. |
| Demand visibility | Strong festival and wedding demand; resilient despite high prices. |
| Management confidence | High; 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)
Earnings Call filed with BSE, BSE: 543953. Summary written with AI assistance from the document.
Khazanchi Jewellers Ltd: key numbers
- Share price
- ₹713.50
- Market cap
- ₹1,766 Cr
- Revenue (annual)
- ₹2,049 Cr
- Net profit (annual)
- ₹89.42 Cr
- P/E (TTM)
- 19.8×Sector 48.2×
- Promoter holding
- 74.51%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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