Khazanchi Jewellers (543953) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 total income from operations was ₹39,388.80 lakh, up 89.65% YoY; profit for the period was ₹1,237.74 lakh, up 113.37%.

• Growth initiatives include a 10,000 sq ft Sowcarpet flagship showroom planned for April 2025, digital sales engagement and higher-margin product categories.

Financial highlights

• Q3 net sales were ₹39,372.25 lakh vs ₹20,750.67 lakh YoY; PBT was ₹1,527.53 lakh vs ₹923.88 lakh.

• 9M FY25 net sales were ₹1,14,995.38 lakh and total income from operations ₹1,15,041.51 lakh; both increased from the prior-year period.

• 9M FY25 profit was ₹3,242.68 lakh vs ₹2,151.85 lakh; PBT was ₹4,236.42 lakh vs ₹2,746.64 lakh.

• Q3 EBITDA was ₹16.48 crore, up 56.73%; 9M EBITDA was ₹45.28 crore, up 44.84%.

• EPS was ₹5.00 for Q3 and ₹13.10 for 9M, up 113.68% and 50.57%, respectively.

Outlook and guidance

• Management expects 25% next-FY top-line growth, including an estimated ₹150 crore incremental B2C contribution from the flagship showroom.

• The showroom is expected to open in April 2025; B2C margin estimates were 9%-11% in one response and ~13% in another.

• Post-launch B2C mix estimates ranged from 15%-18% to ~20%; management expects growth to accelerate after the opening.

• Plans include 4-6 additional showrooms in Southern Tamil Nadu over the next two years; expansion beyond the region may be considered later.