Khazanchi Jewellers Limited (543953) Earnings Call Transcripts

Khazanchi Jewellers Limited's Latest Earnings Call - June 4, 2026

In the Q4 FY '26 earnings call, Khazanchi Jewellers Limited reported a strong financial performance with total income increasing by 15.71% year-on-year to INR 2,051.02 crores and profit after tax rising by 98.87% to INR 89.42 crores. The company highlighted a successful transition towards a higher-margin retail segment, with management projecting a sustained growth trajectory of 25% to 30% for FY '27. The positive outlook is supported by strategic initiatives in premiumization and expansion of retail presence, despite potential short-term impacts from government policies on gold purchases.

Reported metrics

Guidance from management

Management maintained guidance for FY '27, projecting growth of 25% to 30% and emphasizing the potential for improved margins due to retail expansion.

What management said

Yes, that's what we have shifted from a lower-margin segments to a higher-margin segment. And we have come up with all the designers jewelry, and we have improved our share of higher-margin items in the overall top line. So our margins have improved, and we are improving on that on a constrained and sustainable basis. So in the near future also the margins will surely improve. The bottom line will surely improve.

That's what on the longer run, when we are -- we have already defined that in upcoming 2 financial years, we would be reaching at least 25% of the total sale as retail contribution. In that, we have surely higher-margin bracket that is somewhere around 10% to 12%. So it is going to add up an additional bottom line improvement.

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape and the impact of government policies on gold purchases. They questioned how Khazanchi plans to maintain margins while transitioning to a higher retail mix and the potential risks associated with inventory management.

Main topics on the call

• Strong Revenue Growth — Total income for FY '26 increased by 15.71% year-on-year to INR 2,051.02 crores, driven by improved demand and a better product mix. Management stated, "FY '26 has been a landmark year for the company, reflecting strong ...
• Significant Margin Improvement — EBITDA grew by 95.69% year-on-year to INR 126.99 crores, with EBITDA margin improving by 253 basis points to 6.9%. Rajesh Mehta emphasized, "Our integrated business model and disciplined approach to cost and inventory ma...
• Retail Segment Expansion — The company successfully launched a flagship showroom in Chennai, positioning itself for higher-margin opportunities. Management noted, "This expansion not only enhances our brand visibility, but also positions us strong...
• Guidance for FY '27 — Management maintained a growth guidance of 25% to 30% for FY '27, indicating confidence in sustaining momentum. They stated, "We are confident in sustaining our 25% to 30% growth trajectory and creating long-term value f...

Read the full Khazanchi Jewellers Limited transcript (June 4, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Khazanchi Jewellers Limited earnings call transcripts on record, spanning May 22, 2024 to June 4, 2026. Based on this history, Khazanchi Jewellers Limited reports semi-annually. The most recent call on file is dated June 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

543953

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

6

First call

May 22, 2024

Most recent

June 4, 2026

Reporting cadence

semi-annually