Kenvi Jewels Limited reported a 15% year-on-year increase in profit after tax to ₹86.81 lakh for FY26, supported by a 10.6% rise in revenue from operations to ₹17,912.71 lakh. The board also fixed September 29, 2026, for its 13th annual general meeting.

The jewellery retailer’s total income grew by ₹1,717.40 lakh to ₹17,912.84 lakh, while total expenses increased marginally lower at 10.5% to ₹17,794.40 lakh. This cost discipline contributed to a 22% jump in profit before tax to ₹118.45 lakh from ₹97.10 lakh in the previous year.

Financial Performance

Revenue from operations expanded steadily, reflecting improved business operations and higher sales volumes. Other income declined negligibly by ₹0.05 lakh to ₹0.13 lakh. Earnings per share improved to ₹0.07 from ₹0.06 in FY25.

What the Numbers Show

The divergence between revenue growth (10.6%) and expense growth (10.5%) indicates modest operational leverage. However, the inventory turnover ratio fell significantly to 7.05 times from 9.65 times in FY25. This slowdown in inventory movement, despite revenue growth, suggests higher average inventory levels held during the year, impacting working capital efficiency.

Corporate Governance Updates

The board appointed M/s SS Lunkad and Associates as the new secretarial auditor for five financial years (FY27-FY31), replacing M/s Neelam Somani & Associates who resigned on September 4, 2026. Chiragkumar Valani was reappointed as managing director for a further five-year term, subject to shareholder approval.

AGM Details

The 13th AGM will be conducted via video conferencing on September 29, 2026, at 11:30 am. The cut-off date for voting eligibility is September 23, 2026. Remote e-voting will be open from September 25 to September 28, 2026. The agenda includes adopting financial statements and reappointing directors retiring by rotation.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE923Y01023/8a78bb8e-310c-430f-a5a3-c6b36e327ba2.pdf

Kenvi Jewels reported a net profit of ₹31.81 lakh for the quarter ended June 30, 2026, reversing a loss of ₹16.99 lakh recorded in the preceding quarter. The Ahmedabad-based jewellery manufacturer returned to profitability as operating expenses and cost of materials consumed declined significantly, offsetting a 38% year-on-year drop in revenue from operations to ₹1,906.21 lakh. This turnaround indicates improved cost efficiency during a period of lower sales volume.

The Board of Directors approved the unaudited standalone financial results on August 12, 2026, following review by the Audit Committee. The results were submitted to BSE Limited pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Trading window restrictions, closed since July 1, 2026, will remain in place for 48 hours post-declaration as per SEBI (Prohibition of Insider Trading) Regulations, 2018.

Financial Performance

Revenue from operations stood at ₹1,906.21 lakh in Q1FY27, down from ₹3,089.18 lakh in the same quarter last year. Total expenses decreased to ₹1,868.79 lakh from ₹3,064.50 lakh year-on-year. Cost of materials consumed dropped sharply to ₹1,607.41 lakh from ₹3,151.18 lakh in Q1FY26. Changes in inventories contributed positively to the bottom line with an expense of ₹176.75 lakh, compared to a negative impact of ₹140.12 lakh in the prior year period. Employee benefit expenses rose to ₹32.82 lakh from ₹22.56 lakh, while financial costs increased to ₹25.02 lakh from ₹7.66 lakh.

Figures in ₹ Lakhs

What the Numbers Show

The company’s ability to turn profitable despite a significant revenue contraction highlights a structural shift in cost management. While revenue fell by over ₹1,100 lakh year-on-year, total expenses declined by more than ₹1,195 lakh. The reduction in material costs was the primary driver, falling by approximately ₹1,543 lakh compared to the same quarter last year. This suggests that the company scaled down procurement in line with lower demand, preserving margins. However, the rise in financial costs from ₹7.66 lakh to ₹25.02 lakh warrants monitoring, as it could pressure margins if revenue does not recover in subsequent quarters.

Shah Karia & Associates, the independent auditors, issued a review report stating that nothing came to their attention to suggest the statement contains material misstatement. The results comply with Ind AS 34 and other generally accepted accounting principles in India.