Khazanchi Jewellers Ltd (BOM:543953)

Q2 2026 Khazanchi Jewellers Ltd Earnings Call Transcript

Nov 19, 2025 / 11:00 AM GMT

Release Date Price: ₹731.55 (+0.43%)

Transcript

Key Points

Positve

Khazanchi Jewellers Ltd (BOM:543953) reported a significant revenue growth of 46.25% year-on-year for Q2 FY26.
The company's EBITDA grew by 112.86% year-on-year, indicating strong operational leverage.
The retail segment is expected to contribute significantly to profitability with margins of 9-10%, and plans to increase B2C contribution to 20-25%.
The introduction of the premium diamond jewelry line 'Vajra' has received exceptional traction, validating the company's design leadership.
The company is making steady progress in digital transformation, including the implementation of an advanced ERP system and strengthening its e-commerce platform.

Negative

The wholesale segment, while performing well, still relies heavily on B2B clients, with 90-95% of revenue coming from this segment.
High gold prices have impacted sales, with a slow demand trend expected to continue in the short term.
The company's expansion plans are currently focused only in South India, limiting geographical diversification.
The new showroom requires a significant inventory investment of 150 crores, which could strain internal resources.
Lab-grown diamonds have seen limited demand, with a preference for natural diamonds in the South Indian market, potentially limiting growth in this segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KHAZ.BO - Khazanchi Jewellers Ltd
Q2 2026 Khazanchi Jewellers Ltd Earnings Call
Nov 19, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Kazanshi Jewelers Limited Q2 NH1F 526 results conference call hosted by Green Advisors Private Limited.

As a reminder, all participants' line will be the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Hersshil Ghaniani fromn Advisors for his opening remarks.

Thank you and over to you, sir.

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