Khazanchi Jewellers (543953) Q2 24/25 earnings summary

Executive summary

• H1 FY25 total income rose 86.27% YoY and PAT grew 23.4%; management cited customer additions and contributions from B2B and retail.

• Strategy focuses on higher-margin jewelry, faster stock turns, B2B client growth and B2C retail expansion.

Financial highlights

• H1 FY25 revenue from operations was ₹75,623.13 lakh versus ₹40,576.99 lakh; total revenue was ₹75,652.72 lakh versus ₹40,614.97 lakh.

• H1 FY25 net profit was ₹2,004.94 lakh versus ₹1,571.76 lakh; profit before tax was ₹2,708.89 lakh versus ₹1,822.76 lakh.

• Management reported EBITDA growth of 38%, citing higher-margin products and faster stock turnover.

• Total expenses were ₹72,943.83 lakh versus ₹38,792.21 lakh; finance costs were ₹161.98 lakh versus ₹240.94 lakh.

Outlook and guidance

• Management expects strong H2 growth and rising profitability, supported by a focus on higher-margin products.

• CFO Vikas Mehta was authorized to develop plans to expand B2B and B2C presence at strategic locations.

• A 10,000 sq. ft. Chennai showroom was cited for opening in April 2025 in one remark and April or May 2026 in another; management indicated ~₹150 crore additional retail contribution.

• B2C share is targeted at 20%-25% over two years; management also cited a five-year growth ambition of ~25% YoY.