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.”
National News
Deepa Jewellers Lists At Rs 221, A 25% Premium
The Offer Was Subscribed 42.61 Times, Led By Non-Institutional Investors (105.96x), Qualified Institutional Buyers (37x), and Retail Investors (18.55x)
Shares of Hyderabad-based Deepa Jewellers made a strong stock market debut on Sept. 8, listing at a nearly 25% premium to their issue price following high demand for its Rs 459.72-crore ($55 million) initial public offering.
The stock opened at Rs 221 on the National Stock Exchange (NSE) and Rs 221.05 on the BSE, compared to the offer price of Rs 177.
Oversubscribed: The offer was subscribed 42.61 times, led by non-institutional investors (105.96x), qualified institutional buyers (37x), and retail investors (18.55x).
Capital Deployment: Proceeds from the Rs 250-crore fresh issue component will primarily fund long-term working capital (Rs 215 crore) to scale inventory. The IPO also included an offer for sale worth Rs 209.72 crore.
Financials: The B2B 22-carat gold jewellery supplier reported FY26 revenue of Rs 1,926.68 crore, up from Rs 1,397.01 crore in FY25. Net profit surged 158% year-on-year to Rs 104.79 crore.
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