Khazanchi Jewellers Limited has announced the inauguration of its flagship showroom in Chennai, scheduled for February 07, 2026. The company communicated this significant expansion milestone to BSE Limited through a regulatory filing under Regulation 30.

Showroom Details

The new flagship showroom will be strategically located in Chennai's commercial hub at No. 286/95, NSC Bose Road, Sowcarpet, Chennai – 600 001. This location positions the company in one of Chennai's prominent business districts, known for its commercial activity and accessibility.

Regulatory Compliance

The announcement was formally communicated to the Deputy General Manager, Department of Corporate Services, BSE Limited on January 29, 2026. The filing was digitally signed by Sakshi Jain, Company Secretary and Compliance Officer, with Membership No. A68478.

Company Background

Khazanchi Jewellers Limited, established since 1971, continues its expansion strategy with this new flagship location. The company trades on BSE with scrip code 543953 and ISIN INE00WC01011. This Chennai showroom represents the company's commitment to strengthening its retail presence in key metropolitan markets.

The inauguration marks another milestone in the company's growth trajectory, as it expands its physical retail footprint to serve customers in the Chennai market. The flagship designation suggests this location will serve as a key retail hub for the company's operations in the region.

Khazanchi Jewellers , a prominent player in the Indian jewellery market, has reported exceptional financial results for the first half of fiscal year 2026. The Chennai-based company's performance showcases robust growth across key financial metrics, driven by strong festive season demand and successful expansion strategies.

Financial Highlights

Khazanchi Jewellers has demonstrated impressive growth in the first half of FY26, with total income rising by 25.94% to ₹952.76 crores, compared to ₹756.53 crores in the same period last year. The company's profitability saw a substantial boost, with Profit After Tax (PAT) surging by 93.66% to ₹38.70 crores.

Key Growth Drivers

The company attributes its strong performance to several factors:

1. Festive Season Demand: The jewellery sector traditionally sees a significant sales surge during festivals, and Khazanchi Jewellers has capitalized on this trend with its festive collections.

2. Pre-Diwali Sales Boost: The company experienced a notable increase in sales leading up to Diwali, a key period for jewellery purchases in India.

3. Successful Expansion: Khazanchi Jewellers has reported growth across both its retail and wholesale segments, indicating successful market penetration and expansion strategies.

4. Product Innovation: The company's in-house designers have been consistently innovating and upgrading designs to meet evolving customer tastes while maintaining affordability despite rising precious metal prices.

Strategic Initiatives

Khazanchi Jewellers has outlined several strategic initiatives:

1. Brand Expansion: The company's brand 'Vajraa Diamonds by Khazanchi' is expected to strengthen its market position in high-value categories.

2. Retail Expansion: Plans are underway to open a new 10,000 sq-ft showroom in Sowcarpet, Chennai, in 2025, which aims to enhance the company's retail presence.

3. Diverse Product Offering: Khazanchi Jewellers offers a wide range of products, including gold, diamond, and precious stone jewelry, as well as bullion items, catering to both wholesale and retail markets.

Market Outlook

The Indian jewellery market continues to show strong growth potential. According to industry reports, India's Gems & Jewellery market size stood at ₹7,31,255 crore (US$ 85 billion) in January 2025 and is projected to expand to ₹11,18,390 crore (US$ 130 billion) by 2030. With its strategic positioning and strong performance, Khazanchi Jewellers appears well-placed to capitalize on this market growth.

As the company continues to focus on design innovation, customer-centric approaches, and strategic expansion, it remains confident in maintaining profitable growth and creating long-term value for all stakeholders in the dynamic Indian jewellery market.