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Khazanchi Jewellers Reports Strong Q2 FY26 Performance With 113% EBITDA and 119% PAT Growth

Strong festive demand, design innovation, and expanding retail and wholesale networks power Khazanchi Jewellers’ standout growth in Q2 and H1 FY26.

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Khazanchi Jewellers
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Khazanchi Jewellers Limited, a leading Indian jewellery company known for its gold, diamond, precious stone, and bullion offerings, has announced robust unaudited financial results for Q2 and H1 FY26, showcasing significant growth across key metrics.

Khazanchi Jewellers – Financial Highlights (Q2 & H1 FY26)

MetricQ2 FY26YoY GrowthH1 FY26YoY Growth
Total Revenue₹548.92 Cr46.25%₹952.76 Cr25.94%
EBITDA₹32.62 Cr112.86%₹53.78 Cr86.81%
EBITDA Margin5.94%+186 bps5.64%+184 bps
PAT₹23.54 Cr119.41%₹38.70 Cr93.66%
PAT Margin4.29%+143 bps4.06%+142 bps
EPS₹9.52118.35%₹15.6493.56%

Rajesh Mehta

Commenting on the company’s strong performance, Rajesh Mehta, Chairman & Joint Managing Director, said the quarter marked exceptional growth driven by sustained innovation, enhanced design offerings, and affordability despite volatile precious metal prices. He noted that festive and pre-Diwali demand significantly boosted both retail and wholesale operations.

He added that the company’s diamond brand, Vajraa Diamonds by Khazanchi, is strengthening its presence in premium segments and elevating brand visibility. With a growing retail and wholesale network, continuous design upgrades, and a customer-first approach, Khazanchi Jewellers remains confident in delivering sustained profitable growth and long-term value for stakeholders.

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National News

GJC welcomes RBI’s 25 basis point repo rate cut

Seen  as a boost to economic growth and sectoral stability

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The All India Gem and Jewellery Domestic Council (GJC) welcomes the Reserve Bank of India’s announcement of a 25 basis point cut in the key repo rate. This progressive and timely measure reflects the Hon’ble Prime Minister and the Finance Minister’s commitment to strengthening India’s economic environment.

The gem and jewellery sector, a vital contributor to employment and exports, will benefit significantly from this reduction in interest rates. Lower borrowing costs and improved liquidity will ease financial pressures, enhance business confidence, and support growth across the trade.

Rajesh Rokde

Rajesh Rokde, Chairman of GJC, said: We sincerely appreciate the Government of India and the RBI for this supportive move. The repo rate cut will help the trade stabilise, sustain, and grow in the coming months. It is a welcome relief for our industry and will encourage investment, strengthen retail demand, and create a more conducive environment for expansion.”

Avinash Gupta, Vice Chairman of GJC, added: This decision demonstrates the government’s proactive approach to nurturing economic growth. By easing financial pressures, the RBI has created an enabling environment for businesses in the gem and jewellery sector to flourish. We urge all our fellow members nationwide to take note of this positive development and utilise the benefit effectively, especially small and medium enterprises that form the backbone of our industry.”

The GJC believes this move will have a cascading positive impact across allied industries, empowering artisans, manufacturers, wholesalers, and retailers. With improved liquidity, jewellers will be better positioned to meet consumer demand during the upcoming festive and wedding seasons, further contributing to India’s economic momentum.

The Council reiterates its gratitude to the Government of India and the Reserve Bank of India for their continued support. This measure will strengthen the sector’s resilience and long-term growth, reinforcing India’s position as a global leader in gems and jewellery.

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