Khazanchi Jewellers (543953) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue from operations was ₹58,571.76 lakh, up from ₹40,374.52 lakh in Q1 FY26; EBITDA rose 89% YoY to ₹39.98 crore and PAT rose 84% to ₹27.83 crore.

• Management cited improving mix, operating leverage and scale benefits; jewelry quantum grew ~15% YoY, reflecting both volume and price movements.

• Showroom launch and ERP systems support retail growth, customer-demand analysis, inventory decisions and tracking of fast-moving designs and reorder levels.

• The Board approved unaudited results on August 13, 2026, following Audit Committee review; the limited review found no matter indicating material misstatement.

Financial highlights

• Revenue from operations was ₹58,571.76 lakh, versus ₹40,374.52 lakh in Q1 FY26 and ₹50,785.41 lakh in Q4 FY26.

• Total income was ₹58,635.82 lakh, versus ₹40,383.50 lakh in Q1 FY26 and ₹50,900.09 lakh in Q4 FY26.

• Total expenses were ₹54,928.35 lakh, versus ₹38,363.16 lakh in Q1 FY26 and ₹47,401.35 lakh in Q4 FY26.

• Profit before tax was ₹3,707.47 lakh, versus ₹2,020.34 lakh in Q1 FY26 and ₹3,498.74 lakh in Q4 FY26.

• EBITDA increased 89% YoY to ₹39.98 crore; PAT increased 84% to ₹27.83 crore, from ₹21.15 crore and ₹15.15 crore, respectively.

Outlook and guidance

• FY2027 revenue growth target is 30%; management expects 25% B2B growth and aims to sustain retail growth.

• Targeting ₹5,000 crore revenue by 2030, with 25%-30% growth targeted across both business segments.

• Plans call for 8-10 retail stores over 3-4 years; retail is targeted to contribute 40% of revenue by FY2030.

• Management expects positive cash flow in the current fiscal and sees strong demand in the upcoming festive and wedding season.