Investor Presentation H2FY26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Khazanchi Jewellers reported FY26 total income of ₹2,051 Cr, up 15.71% YoY from ₹1,773 Cr, with EBITDA surging 95.69% to ₹127 Cr and PAT nearly doubling (+98.87%) to ₹89 Cr. H2 FY26 was particularly strong, with EBITDA up 102.79% to ₹73 Cr and PAT up 103.60% to ₹51 Cr. The company has delivered a 4-year revenue CAGR of ~68%, EBITDA CAGR of ~96%, and PAT CAGR of ~129% (FY22-FY26), with ROCE expanding to 29.39% and ROE to 32.42%. Non-current borrowings were fully repaid, though current borrowings rose to ₹110 Cr to support inventory growth (inventories up to ₹408 Cr). Strategy focuses on scaling B2C retail from 10% to 25% of revenue, expanding large-format showrooms, and premiumising with the Vajraa diamond brand.
Strong margin expansion and high return ratios signal improving business quality, while rising inventory and current borrowings indicate aggressive growth funding. Retail scaling and premiumisation plan are key catalysts to watch for sustained margin growth.