Khazanchi Jewellers

Khazanchi Jewellers delivered a strong Q3 FY26 with revenue of ₹589.26 croreCurrent reported value: ₹589.26 crore. No comparable prior figure is available in the source record. (+49.6Current reported value: 49.6. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹35.34 croreCurrent reported value: ₹35.34 crore. No comparable prior figure is available in the source record. (+114.5% YoY), driven by festival demand, improved product mix, and operating leverage. EBITDA margin expanded 181 bps YoY to 6.0%Current reported value: 181 bps YoY to 6.0%. No comparable prior figure is available in the source record. as the company shifted toward higher-margin verticals and reduced low-margin volumes. PAT nearly doubled to ₹25.13 croreCurrent reported value: ₹25.13 crore. No comparable prior figure is available in the source record. (+103Current reported value: 103. No comparable prior figure is available in the source record.% YoY). The new 10,000 sq ft Chennai flagship showroom (opened Feb 7) recorded ₹20 crore sales in its first 10 days, and management targets retail contribution rising from 10%Current 10%. Reported change: Targeting 25% in 1-1.5 years. to 25% over 1-1.5 years, which should further lift margins. The company guides for 25-30% overall revenue growth and expects EBITDA margins to improve 20-30% from current levels as retail share increases. Key risk: gold price volatility could dampen volume growth if prices remain elevated, though management hedges effectively.