Financial Performance
Khazanchi Jewellers Limited reported strong growth in Q3 FY26, with total revenue rising 49.60% year-on-year to ₹589.26 crore from ₹393.89 crore. EBITDA more than doubled to ₹35.34 crore compared with ₹16.48 crore in Q3 FY25, driving EBITDA margin expansion of 181 basis points to 6.00% from 4.18%.
Profit after tax increased 103.02% to ₹25.13 crore versus ₹12.38 crore a year earlier. PAT margin improved to 4.26% from 3.14%, while earnings per share rose to ₹10.12 from ₹5.00, up 102.40% year-on-year.
For the nine months ended FY26, revenue grew 34.04% to ₹1,542.02 crore from ₹1,150.42 crore in the corresponding period last year. EBITDA rose 96.91% to ₹89.12 crore from ₹45.26 crore, with margin expanding 185 basis points to 5.78% from 3.93%. PAT increased 96.92% to ₹63.82 crore compared with ₹32.41 crore, while EPS stood at ₹25.76 versus ₹13.10, reflecting 96.64% growth.
Business Segment Performance
Growth remained broad-based across both B2B and B2C segments. The wholesale business expanded its partner network and market reach, while the retail segment witnessed encouraging traction supported by festive demand and improved realizations. The company stated that this balanced performance strengthens its diversified model.
Network Investments and Outlook
Management attributed the performance to sustained business momentum, improved operational efficiencies, and healthy demand across key product categories. The company highlighted continued focus on design innovation, brand building, inventory discipline, and customer experience as drivers of profitability and market positioning. It stated that the diversified growth across wholesale and retail segments positions the business to accelerate sustainable growth in the coming periods.
Key Takeaways
- Q3 FY26 revenue rose 49.60% YoY to ₹589.26 crore; EBITDA margin expanded 181 bps to 6.00%.
- Q3 PAT increased 103.02% YoY to ₹25.13 crore; EPS doubled to ₹10.12.
- 9M FY26 revenue grew 34.04% to ₹1,542.02 crore with EBITDA margin up 185 bps to 5.78%.