Khazanchi Jewellers (543953) Q4 25/26 earnings summary

Executive summary

• FY26 total income was ₹205,102.18 lakh versus ₹177,253.25 lakh; net profit rose to ₹8,941.76 lakh from ₹4,496.38 lakh.

• FY22–FY26 CAGR: total income 67.91%, EBITDA 96.43%, and PAT 128.68%; FY26 EPS was ₹36.10.

• Festival and wedding demand, improved realizations, richer product mix, and disciplined cost and inventory management supported growth.

Financial highlights

• FY26 revenue from operations was ₹204,921.61 lakh versus ₹177,192.69 lakh; other income was ₹1.81 crore and total income was ₹2,051.02 crore.

• FY26 EBITDA rose 95.69% to ₹126.99 crore; margin expanded 253 bps to 6.19%. PAT rose 98.87% to ₹89.42 crore, with margin up 182 bps to 4.36%.

• FY26 PBT was ₹12,075.56 lakh, up 98.53%; basic and diluted EPS was ₹36.10 versus ₹18.18.

• Q4 FY26 revenue was ₹50,785.41 lakh versus ₹62,197.31 lakh; PBT rose to ₹3,498.74 lakh from ₹1,847.77 lakh.

• Q4 FY26 net profit rose to ₹2,559.35 lakh from ₹1,253.83 lakh; basic and diluted EPS was ₹10.34 versus ₹5.07.

Outlook and guidance

• FY27 and longer-term growth guidance is 25%-30%; retail expansion and premium mix are expected to support margins and PAT.

• Retail contribution is targeted to rise from 10% to 25%, supported by large-format showrooms and app-offline integration.

• Expansion is planned initially across Tamil Nadu and surrounding areas, with a longer-term pan-India ambition and smaller stores also planned.

• Strategy emphasizes diamond and designer bridal jewellery, premiumization, design-led pricing, inventory and cost control, and expansion into key metro markets.

• The Sowcarpet flagship showroom is targeted to generate ₹450 crore–₹500 crore in the near future; its first two months were tracking as expected.