National News
Khazanchi Jewellers Q1 FY26 EBITDA Soars 57%, PAT Up 65%
Khazanchi Jewellers reports a stellar Q1 FY26 with PAT up 65% YoY and EBITDA rising 57%, driven by strong festive demand, premium designs, and sustained consumer confidence in gold and diamond jewellery.
Khazanchi Jewellers Limited, a leading Indian jewellery company specializing in gold, diamonds, precious stones, and bullion, has announced its unaudited financial results for Q1 FY26.
Key Financial Highlights (Q1 FY26 vs Q1 FY25):
| Particulars | Q1 FY26 (₹ Cr) | Q1 FY25 (₹ Cr) | YoY Change |
| Total Income | 403.84 | 381.19 | 5.94% |
| EBITDA | 21.15 | 13.47 | 57.07% |
| EBITDA Margin (%) | 5.24% | 3.53% | +170 bps |
| PAT | 15.15 | 9.20 | 64.73% |
| PAT Margin (%) | 3.75% | 2.41% | +134 bps |
| EPS (₹) | 6.12 | 3.72 | 64.52% |
Commenting on the results, Rajesh Mehta, Chairman & Joint Managing Director, said;
“We are delighted to begin FY26 on a strong note, delivering a 65% YoY growth in PAT during Q1. This was driven by festive and wedding demand, record-high gold prices, and a shift towards lighter yet high-value designs. Our strong presence in Southern India, trusted brand reputation, and curated product mix allowed us to capture value-driven demand. Coupled with industry tailwinds, expanding retail footprint, and operational agility, we are well-positioned to sustain growth and deliver long-term value for stakeholders.”
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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