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Khazanchi Jewellers share price & results

Khazanchi Jewellers Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Chennai jewellery maker selling gold, diamond & bullion via B2B wholesale and its own retail showrooms.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue586 ₹ crore+45.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit28.0 ₹ crore+86.7% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity37.32 %+10.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-2.07 %−1.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)24.35 %−100.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 2 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Khazanchi Jewellers Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (2 achieved, 0 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
Showroom Opening DateApril 2025 (Q1 FY26)
Call transcript, Q3 FY25 · 19 Feb 2025		Q3 FY25Q1 FY27:Promise previously achieved.
Call transcript, Q1 FY27 · 25 Aug 2026		Achieved
Blended EBITDA MarginReach 5% or higher gradually in coming 2 years
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q1 FY27:Q1 EBITDA margin was 6.82%. This is below the revised target of 7.2%-7.8% (20-30% improvement on 6% baseline), but still above the original 5% target.
Call transcript, Q1 FY27 · 25 Aug 2026		At Risk
Additional B2C SalesINR 150 crores
Call transcript, Q3 FY25 · 19 Feb 2025		Q3 FY25Q1 FY27:Management states the showroom is on track to achieve its INR 500 crore peak revenue target, currently operating at an 80-85% run-rate.
Call transcript, Q1 FY27 · 25 Aug 2026		On Track

Source: Inve Guidance Tracker for Khazanchi Jewellers Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

9 of Khazanchi Jewellers Limited's 11 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹729.8 +3.30% · +₹23.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +13.4% 1Y

₹600₹650₹700₹750₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 18 Feb 2026Q4 FY26 — 8 Jun 2026Q1 FY27 — 25 Aug 2026

1Y: ₹643.6 on 24 Oct 2025 → ₹729.8. High ₹808.95 (20 Aug 2026), low ₹614.65 (30 Jun 2026).

Previous close
₹706.5
Market cap
₹1.7k Cr
52-week range
₹614.65 – ₹808.95
One year
+13.47%
Price to earnings (TTM to Jun 2026)
16.91×
Return on equity (TTM to Jun 2026)
37.32%

Overview

Symbol
NSE:KHAZANCHI
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Khazanchi Jewellers Limited does

Based on the company's own presentations, annual report and earnings calls.

Khazanchi Jewellers designs and sells gold, diamond and precious-stone jewellery — including designer, bridal, temple, antique and Calcutta collections — plus bullion coins and bars, serving both wholesale (B2B) distributors and retail (B2C) consumers. Founded in Chennai in 1971, it runs an asset-light model: in-house teams handle design, quality inspection and BIS hallmarking, while actual manufacturing is outsourced to a network of authorized partner manufacturers across India. It reaches customers through a pan-India network of wholesale clients and through its own showrooms in Sowcarpet, Chennai, and holds accreditation as an authorized jeweller on the India International Bullion Exchange (IIBX).

Segments

  • Wholesale Distribution (B2B)
  • Retail Consumer (B2C)
Company-operated showrooms
2, both in Sowcarpet, Chennai
Flagship showroom area
10,000 sq. ft. total (6,800 sq. ft. sales area)
Original showroom area
1,200 sq. ft., Sowcarpet, Chennai
Proprietary design library
5 lakh+ (500,000+) unique designs
Product categories
25+
B2B / wholesale client network
1,000+ pan-India clients
Founded 1971Headquarters Chennai, Tamil Nadu, IndiaEmployees 40 (FY25 (year ended March 2) Company website

How the price took the results

close before → close after

Q1 FY27
+0.6%
25 Aug
Q4 FY26
+0.0%
8 Jun
Q3 FY26
−0.1%
18 Feb
Q2 FY26
+0.4%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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