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Earnings Call Transcript

Khazanchi Jewellers Earnings Call Transcript: Key Takeaways

Khazanchi Jewellers delivered robust Q1 growth, transitioning toward main-board listing while shifting focus to a high-margin retail-heavy model.

Guidance and delivery
Revenue guidance 25.0% → 30.0% Raised by 5.0 percentage points
Management target Revenue 30.0% FY27
Highlights
Revenue growth45% YoY to ₹586.36 Cr, driven by B2B and retail scale.
MarginsEBITDA margins improved 158 bps to 6.82% via retail mix shift.
Order bookB2B orders active; retail demand matching target run rates of ₹35cr/month.
Demand visibilityStrong outlook for upcoming festive and wedding seasons despite price volatility.
Management confidenceHighly optimistic, emphasizing successful three-year growth journey and main-board migration.

Growth

Revenue grew 45% YoY to ₹586.36 Cr, with PAT increasing 84% due to favorable operating leverage.

Outlook

Management targets ₹5,000 Cr revenue by 2030 with a 40% retail contribution share.

Risks

Rising gold prices could temporarily dampen demand; retail expansion requires significant working capital and inventory funding.

Last quarter's promises, checked

Delivered

  • Guided 25-30% Revenue Growth → Delivered 45% YoY (= BEAT)
  • Guided 10-12% Retail Margin → Delivered 11.6% implied via mix (= BEAT)
  • Guided ₹450-500 Cr Flagship Revenue → Delivered run-rate of ₹420-450 Cr (= BEAT)

Partly delivered

  • Guided 25% Retail Sales Mix → Delivered increasing but currently below target (= PARTIAL)
Source

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

Read 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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Khazanchi Jewellers SME to Main Board Migration

Khazanchi Jewellers Limited has migrated from the BSE SME platform to the Main Board of both BSE and NSE. The transition supports an ambitious growth target of ₹5,000 crore revenue by FY2030.