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Khazanchi Jewellers Ltd

Q3 FY26Consumer Durables

Khazanchi Jewellers Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹803
Market cap₹2.0K Cr
P/E19.2
Updated23 Aug 2026
Read4 min read

The short version

Khazanchi Jewellers targets a year-on-year revenue growth of 25% to 30% across all verticals, including wholesale and retail segments. - Retail contribution is expected to increase from the current 10% to 25% within 1 to 1.5 years, leading to improved margins and profitability. - New flagship showroom (10,000 sq. Company targets year-on-year overall revenue growth of 25% to 30% across all verticals going forward.

From Khazanchi Jewellers Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Khazanchi Jewellers targets a year-on-year revenue growth of 25% to 30% across all verticals, including wholesale and retail segments.
  • Retail contribution is expected to increase from the current 10% to 25% within 1 to 1.5 years, leading to improved margins and profitability.
  • New flagship showroom (10,000 sq. ft.) aims for approximately INR 500 crore revenue in retail division with EBITDA margins around 10-12%.
  • Expansion plans include opening additional company-owned stores in the near term, with potential franchisee-led growth later.
  • No immediate capex on manufacturing units; outsourcing production allows scalability without significant upfront costs.

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Profitability & Margins

See what Khazanchi Jewellers Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex for the new flagship showroom (10,000 sq. ft.) was around INR 12 crores.
  • The new showroom is expected to generate around INR 500 crores revenue with retail margins of 10%-12%.
  • Payback period for the new showroom capex is estimated at around 1.5 years.
  • Management plans to open a few more company-owned stores in the upcoming years.
  • Future bigger scale expansions may consider incremental borrowings as per requirement.
  • Currently, all working capital requirements are met through internal accruals.

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Khazanchi Jewellers Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Rajesh Mehta indicated the overall order visibility for Q4 and early FY '27 looks good.
  • Despite a short-term slowdown due to price increases, the gem and jewellery segment's prospects remain strong.
  • The whole industry is expected to grow at a pace of 30% to 35%.
  • No specific numerical data on current or expected orderbook or pending orders was provided during the call.

Khazanchi Jewellers Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹508 Cr, net profit ₹26 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Khazanchi Jewellers Ltd Q3 FY26 results?

Khazanchi Jewellers targets a year-on-year revenue growth of 25% to 30% across all verticals, including wholesale and retail segments. - Retail contribution is expected to increase from the current 10% to 25% within 1 to 1.5 years, leading to improved margins and profitability. - New flagship showroom (10,000 sq. Company targets year-on-year overall revenue growth of 25% to 30% across all verticals going forward.

What is Khazanchi Jewellers Ltd share price analysis?

Khazanchi Jewellers Ltd currently shows a neutral. The stock trades at a P/E of 19.2 with a market cap of ₹1,961 Cr. Investors should review the full earnings analysis for detailed insights.

Is Khazanchi Jewellers Ltd planning capital expenditure?

Capex for the new flagship showroom (10,000 sq.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.