Khazanchi Jewellers (543953) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 total income was ₹40,383.50 lakh, up 5.94% YoY; EBITDA rose 57.07% to ₹21.15 crore and PAT rose 64.73% to ₹1,515.02 lakh.

• Strategy pairs a large B2B base with higher-margin B2C, premium and lightweight jewelry; a 10,000 sq. ft. Chennai flagship showroom is planned for Q2 FY26.

• Q1 FY26 results were unaudited and prepared under Ind AS; limited review found no indication of material misstatement or disclosure non-compliance.

Financial highlights

• Revenue from operations was ₹40,374.52 lakh vs ₹38,107.44 lakh in Q1 FY25; total income was ₹40,383.50 lakh vs ₹38,118.97 lakh.

• Profit before tax was ₹2,020.34 lakh vs ₹1,250.07 lakh YoY; PAT was ₹1,515.02 lakh vs ₹919.67 lakh.

• Total comprehensive income was ₹1,515.61 lakh vs ₹920.71 lakh; Q1 FY26 OCI, net of tax, was ₹0.59 lakh.

• FY23–FY25 revenue grew from ₹481.82 crore to ₹1,772.53 crore, with stated 92% CAGR; EBITDA rose from ₹16.78 crore to ₹64.92 crore, with stated 97% CAGR.

• FY23–FY25 PAT increased from ₹0.56 crore to ₹44 crore; stated CAGR was 44%.

Outlook and guidance

• FY26 growth guidance is 25%–30% on a conservative basis; growth is expected to continue across quarters.

• Chennai flagship showroom is expected to add ₹150 crore in B2C sales on a conservative basis, with projected gross margin of 13%–14%.

• Showroom opening is targeted for Q2 FY26 after approval-related delays; the opening date is to be announced.

• Further retail expansion, mainly in southern Tamil Nadu, will be assessed after the flagship showroom’s performance.