Khazanchi Jewellers Ltd Reports Robust Performance, Showing High Growth in Total Income and PAT
Khazanchi Jewellers Limited, a legacy-driven jewellery brand established since 1971, has reported substantial financial growth across the years FY22 through FY26. The company continues to strengthen its commitment to quality, expanding both its manufacturing network and retail presence as it transitions towards a scalable corporate model.The audited financial results demonstrate significant upward trends in key profitability metrics. Total Income at Khazanchi Jewellers steadily increased over the five-year period, while EBITDA and PAT showed impressive growth rates.
Key Financial Highlights (In ₹ Cr.)
The performance table below highlights the trajectory of the company’s earnings across various financial years:| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 | CAGR |
|---|---|---|---|---|---|---|
| Total Income | 258.00 | 481.82 | 821.53 | 1,772.53 | 2,051.02 | 67.91% |
| EBITDA | 8.53 | 16.78 | 41.78 | 64.89 | 126.99 | 96.43% |
| PAT | 3.27 | 7.56 | 27.32 | 44.96 | 89.42 | 128.68% |
| EPS (In Rs.) | 3.29 | 7.62 | 11.04 | 18.15 | 36.10 | 82.00% |
| ROCE | 7.48% | 13.84% | 17.11% | 21.76% | 29.39% | ~4x |
Profit & Loss Statement Snapshot (In ₹ Cr)
The profit and loss statement shows consistent margin improvement, with a notable increase in Total Income between FY25 and FY26:| Particulars | H2 FY25 | H2 FY26 | YOY (%) | FY24 | FY25 | FY26 | YOY (%) |
|---|---|---|---|---|---|---|---|
| Revenues | 1015.7 | 1096.88 | - | 820.78 | 1771.93 | 2049.22 | - |
| Total Income | 1016 | 1098.26 | 8.10% | 821.53 | 1772.53 | 2051.02 | 15.71% |
| Total Expenditure | 979.9 | 1025.05 | - | 779.75 | 1707.64 | 1924.04 | - |
| EBITDA | 36.1 | 73.21 | 102.79% | 41.78 | 64.89 | 126.99 | 95.69% |
| PBT | 33.75 | 69.02 | 104.50% | 36.71 | 60.82 | 120.76 | 98.53% |
| PAT | 24.91 | 50.72 | 103.60% | 27.32 | 44.96 | 89.42 | 98.87% |
Balance Sheet Overview (In ₹ Cr)
The company’s financial structure remains sound, as reflected in the balance sheet statements across FY24, FY25, and FY26:| Category | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity & Liabilities | |||
| Equity | 24.75 | 24.75 | 24.75 |
| Reserves & Surplus | 163.02 | 206.72 | 294.82 |
| Net Worth | 187.76 | 231.47 | 319.57 |
| Non Current Liabilities (Total) | 19.29 | 5.97 | 0.72 |
| Total Liabilities | 254.29 | 306.28 | 466.23 |
| Assets | |||
| Fixed assets (Non Current) | 15.35 | 19.32 | 25.32 |
| Other Non Current Assets | 4.38 | 0.02 | 0.01 |
| Total Non Current Assets | 20.08 | 24.22 | 25.7 |
| Inventories (Current Asset) | 201.02 | 257.18 | 407.78 |
| Trade receivables | 23.29 | 21.22 | 22.2 |
| Cash & Bank Balance | 0.86 | 2.70 | 3.51 |
| Total Current Assets | 234.20 | 282.06 | 440.53 |
| Total Assets | 254.29 | 306.28 | 466.23 |
Company Profile and Strategic Roadmap
Khazanchi Jewellers Limited was founded in 1971 by Mr. Tarachand Mehta and incorporated in 1996. The company operates as a legacy-driven jewellery brand with expertise spanning gold, diamond, and precious stone jewellery, catering to both wholesale distribution and retail consumer markets. It specializes in intricate designs for wedding festive pieces and lightweight jewelry, adhering to BIS Hallmark certified quality standards.The company's history spans three decades of growth:
- Foundation & Legacy (1971 - 2000): Entered the Chennai jewellery hub and launched a South India Wholesale Unit, establishing a design library of over 450 creations.
- Innovation in Design (2001 - 2010): Strengthened regional B2B presence with exclusive collections, increasing the design library to over 15,000 creations.
- Institutionalizing the Design Edge (2011 - 2020): Established a pan-India manufacturing network and scaled its product categories, growing the design library to over 65,000 pieces.
- Transitioning to a Scalable Corporate Model (2021 - 2026): Initiated retail expansion, strengthened the portfolio, expanded its design network to over 1,000 Pan-India B2B clients, and launched flagship initiatives including the 'Jewellery Purchase Plan App' and the 'Vajraa Diamonds'.
The strategic roadmap is focused on transitioning from volume to value. The company aims to:
- Strengthen the Core (B2B): Leverage its base of over 1,000 B2B clients for consistent Pan-India volume while maintaining an efficient inventory cycle.
- Elevate the Brand (Vajraa): Focus on diamonds and designer bridal jewellery to target urban consumers and drive design-led pricing power.
- Scale the Frontier (B2C): Increase retail contribution from 10% towards 25% through expanded large-format showroom presence, such as the new 10,000 sq ft flagship in Sowcarpet, Chennai.
The integrated business model emphasizes strict quality control and ethical procurement, ensuring that every piece undergoes BIS hallmarking and multiple layers of inspection before distribution or sale.
Stock Price Movement
As of 12:11, Khazanchi Jewellers Ltd's shares are ticking down to ₹615.95, reflecting a -0.26% decrease. The stock has traded within an intraday range, fluctuating between a low of ₹610.05 and a high of ₹617.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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