Khazanchi Jewellers FY26 PAT Rises 99%; EBITDA Jumps 96%
Khazanchi Jewellers reported a 99% increase in FY26 net profit to ₹894.18 crore, driven by a 16% rise in revenue to ₹20,492.16 crore. EBITDA grew by 96% to ₹1,269.9 crore, with margins expanding by 253 basis points. H2 performance was particularly strong, with PAT increasing by 104% to ₹507.22 crore and EBITDA margins expanding by 312 basis points.
*this image is generated using AI for illustrative purposes only.
Khazanchi Jewellers Limited has announced its audited financial results for the year ended March 31, 2026, reporting substantial growth in both revenue and profitability. The company's board, in its meeting held on May 22, 2026, approved the financial statements along with the audit report issued by M/s. PSDY & Associates, Chartered Accountants. The company delivered robust annual results, with EBITDA margins expanding significantly by 253 basis points year-on-year.
Full Year Financial Performance
Khazanchi Jewellers delivered robust annual results for the year ended March 31, 2026. The company reported a net profit of ₹894.18 crore, marking a 99% increase compared to ₹449.64 crore in the previous year. Revenue from operations grew to ₹20,492.16 crore from ₹17,719.27 crore in FY25, while total income for the year stood at ₹20,510.22 crore. The profit before tax increased to ₹1,207.56 crore from ₹608.23 crore in the prior year. The basic and diluted earnings per share (EPS) for FY26 were reported at ₹36.10, compared to ₹18.18 in the previous year.
The following table summarises the key annual financial metrics:
| Metric: | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations: | 2,04,921.61 | 1,77,192.69 |
| Total Income: | 2,05,102.18 | 1,77,253.25 |
| Total Expenses: | 1,93,026.62 | 1,71,170.93 |
| Profit Before Tax: | 12,075.56 | 6,082.32 |
| Net Profit: | 8,941.76 | 4,496.38 |
| EPS (Basic and Diluted): | 36.10 | 18.18 |
H2 and Quarterly Operational Highlights
For the half-yearly period ending March 31, 2026 (H2 FY26), revenue stood at ₹10,982.60 crore with a net profit of ₹507.22 crore. H2 EBITDA increased by 103% to ₹732.10 crore, with margins expanding by 312 basis points to 6.67%. The company's quarterly performance underscored strong operational momentum. Q4 EBITDA stood at ₹718M compared to ₹358M in the same period of the previous year, with the EBITDA margin expanding significantly to 6.55% from 3.52% year-on-year. Q4 standalone net profit rose to ₹507M versus ₹249M in the corresponding prior-year quarter, while Q4 revenue came in at ₹10.1B compared to ₹10B in the year-ago period.
The table below captures the key H2 performance indicators:
| Particulars (₹ Cr) | H2 FY26 | H2 FY25 | YoY |
|---|---|---|---|
| Total Revenue | 1098.26 | 1016.00 | ↑ 08.10% |
| EBITDA | 73.21 | 36.10 | ↑ 102.79 % |
| EBITDA Margin (%) | 6.67% | 3.55% | ↑ 312 Bps |
| PAT | 50.72 | 24.91 | ↑ 103.60 % |
| PAT Margin (%) | 4.62% | 2.45% | ↑ 217 Bps |
| EPS (₹) | 20.46 | 10.07 | ↑ 103.18 % |
Corporate Governance and Appointments
The board approved the revision of the Dividend Distribution Policy, which now targets a dividend pay-out ratio in the range of 5% to 20% of the annual standalone profits after tax (PAT). Additionally, the board discussed the migration of the company from the SME to the Main Board platform, subject to necessary approvals. In compliance with regulatory requirements, the board appointed M/s. AK Jain & Associates as the Secretarial Auditor and M/s. C S Hariharn & Co LLP as the Internal Auditor for the financial year 2026-27. The statutory auditors, M/s. PSDY & Associates, issued an unmodified opinion on the audited financial results.
Historical Stock Returns for Khazanchi Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | +0.98% | -6.50% | -16.40% | +9.90% | +317.70% |
How might Khazanchi Jewellers' migration from the SME to the Main Board platform impact its stock liquidity, institutional investor interest, and overall market valuation?
Given the near-doubling of net profit in FY26, what expansion strategies or capital allocation plans is the company likely to pursue to sustain this growth trajectory in FY27?
With EBITDA margins expanding by 253 basis points, what risks—such as rising gold prices, currency fluctuations, or demand slowdowns—could threaten margin sustainability in the coming fiscal year?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
