Khazanchi Jewellers FY26: Profit Surge and a Retail Pivot

FY26 total income was 2,051.02 crore, EBITDA was 126.99 crore, and PAT was 89.42 crore, as presented in the FY26 profit and loss table.

H2 FY26 total income was 1,098.26 crore versus 1,016.00 crore in H2 FY25 (8.10% YoY). H2 FY26 EBITDA was 73.21 crore versus 36.10 crore (102.79% YoY) and PAT was 50.72 crore versus 24.91 crore (103.60% YoY).

The presentation shows wholesale at 90% and retail at 10% in FY26 (FY25: 95% wholesale, 5% retail; FY24: 94% wholesale, 6% retail).

State-wise revenue mix in the presentation shows Tamil Nadu at 75% and other states at 25% in FY26 (FY25: 71% and 29%; FY24: 84% and 16%).

Net worth increased to 319.57 crore in FY26 from 231.47 crore in FY25. Inventories rose to 407.78 crore from 257.18 crore, and current borrowings increased to 110.40 crore from 59.69 crore.

FY26 ROE was 32.42% and ROCE was 29.39%. Debt-to-equity was 0.35x and interest coverage was 24.60x, as shown in the key ratios section.

The strategic roadmap states an objective to increase retail contribution from 10% to 25%, along with expanding large-format showroom presence and strengthening omni-channel integration.