KKJEWELS
Kabra Jewels financials
- Market cap
- ₹104 Cr
- Sector
- Consumer Durables
- Calls analysed
- 1
KKJEWELS Q4 FY25
What went well
- FY25 marked a significant leap for the company with broad-based growth in revenue, profits and EPS.
- Opening of a new showroom in May 2025, which is a key milestone in expanding its market presence.
- Efficient deployment of IPO funds, increased inventory velocity and operational enhancements are set to drive higher turnover and improved profitability.
What to watch
- Net profit margin saw a marginal decline as the increase in gold price cost is often not entirely proportionate to the increase in selling prices.
- April and May sales have been very slow due to the high gold price.
What Kabra Jewels Limited does
Kabra Jewels (KK Jewels) is a retail jewellery business in Ahmedabad offering gold, diamond and silver ornaments, plus gold and silver coins, utensils and handcrafted artifacts, marketed under the 'KK Jewels' brand. It sources standard, fast-moving designs via direct procurement from vendors while bridal, designer and customized pieces are handcrafted by a network of outsourced local artisans (karigars) under in-house designs. Products are sold through specialized, format-specific showrooms (bridal, diamond, silver, gold) run on leased premises.
Segments
- Gold jewellery
- Diamond jewellery
- Silver jewellery
- Other
- Retail showrooms
- 7 specialised showrooms (Bridal, Diamond, Silver, Gold, Atarashi, Silver Studio, Gold-Silver), plus 3 corporate offices and 1 exhibition centre, all in Ahmedabad
- Product categories
- Gold, silver, diamond and platinum jewellery, coins, utensils and artifacts
- Retail real-estate model
- All showrooms operated on lease (asset-light)
- Manufacturing model
- Dual model — direct vendor procurement for standard designs + outsourced local artisan (karigar) network for customised/bridal pieces
- Operating history
- 15+ years
- Latest showroom addition
- 1,500 sq ft 'KK Jewels Gold and Silver' showroom opened May 2025
Guidance record · Q4 FY25
what the last two calls moved 7 tracked 0 delivered 0 missed 7 open- Gross Debt open said Q4 FY25 Promised: Reduce debt within two or three years from accruals once maximum stores are opened Q4 FY25: Management deferred immediate debt reduction, setting a 2-3 year horizon.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|
| Revenue | 78 | 133 | 98 |
| EBITDA | 10 | 17 | 14 |
| Net profit | 3 | 9 | 7 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −2.4% 1Y
1Y: ₹101.45 on 10 Sept 2025 → ₹99. High ₹116.65 (9 Jun 2026), low ₹81.15 (4 Mar 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹17 Cr | ₹21 Cr | ₹31 Cr | ₹76 Cr | ₹95 Cr |
| Borrowings | ₹47 Cr | ₹70 Cr | ₹90 Cr | ₹123 Cr | ₹155 Cr |
| Other liabilities | ₹9 Cr | ₹22 Cr | ₹20 Cr | ₹36 Cr | ₹28 Cr |
| Total liabilities | ₹74 Cr | ₹113 Cr | ₹141 Cr | ₹245 Cr | ₹288 Cr |
| Fixed assets | ₹9 Cr | ₹11 Cr | ₹12 Cr | ₹14 Cr | ₹14 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹65 Cr | ₹102 Cr | ₹128 Cr | ₹231 Cr | ₹274 Cr |
| Total assets | ₹74 Cr | ₹113 Cr | ₹141 Cr | ₹245 Cr | ₹288 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +4.86 pp while FIIs trimmed −3.28 pp.
- Promoters
- 62.8%
- DIIs
- 0.1%
- Public
- 37.1%
Since Mar 2025
- Public +4.86 pp
- FIIs −3.28 pp
- DIIs −1.78 pp
How it drifted, 3 quarters
Over this window the public went from 32.3% to 37.1% — +4.9 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 62.6%, FIIs 3.3%, DIIs 1.9%, Public 32.3%.Sep '25: Promoters 62.8%, FIIs 0.1%, DIIs 0.2%, Public 37.0%.Mar '26: Promoters 62.8%, DIIs 0.1%, Public 37.1%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Smital Suresh Thakkar newly disclosed 1.19% held
- Rajkumari Rander newly disclosed 0.00% held
- Rahul Rander newly disclosed 0.00% held
- Poonam Harsh Mittal newly disclosed 0.00% held
- Elegance Silks Private Limited newly disclosed 0.00% held
- SATYANARAYAN JAGGANATH KABRA HUFt newly disclosed 0.00% held
- Disha Resources Limited newly disclosed 0.00% held
- Maya Texturisers Private Limited newly disclosed 0.00% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Kabra Jewels Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Kailash Kabra | 38.34% | unchanged |
| Jyothi Kailash Kabra | 13.73% | unchanged |
| Krishna Awtar Kabra | 6.10% | unchanged |
| Sarojdevi S Kabra | 6.10% | unchanged |
| Satyanarayan J Kabra | 4.54% | unchanged |
| Kabra Priya | 1.53% | unchanged |
| Smital Suresh Thakkar | 1.19% | newly disclosed |
| Amarchand Rander | 0.03% | unchanged |
| Rajkumari Rander | 0.00% | newly disclosed |
| Rahul Rander | 0.00% | newly disclosed |
| Poonam Harsh Mittal | 0.00% | newly disclosed |
| Elegance Silks Private Limited | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Kabra Jewels Limited
Guides on how to read this kind of business and the numbers that matter.