Khazanchi Jewellers doubles FY26 profit as board plans main-board shift
The SME jeweler reports a 99% profit surge to ₹89.4 cr while initiating a move to the main BSE board.
What's new with Khazanchi Jewellers Ltd.
- Net profit grew to ₹89.4 cr on revenue of ₹2,049 cr.
- The board authorized a migration from the BSE SME platform to the main board.
- Statutory auditors PSDY & Associates issued an unmodified opinion.
Why this matters for Khazanchi Jewellers Ltd.
Profit growth outpaced revenue gains, shifting the firm into a higher earnings bracket. A move to the main board aims to shed the liquidity constraints typical of SME-listed entities.
What we're watching
- Timeline for regulatory approval regarding the main board migration.
- Cost management to see if the current net profit trend persists.
- Dividend payouts following the policy revision.
The full read
Khazanchi Jewellers ended FY26 with a profit of ₹89.4 crore, nearly doubling the ₹45.0 crore it recorded the prior year. Revenue climbed 16% to ₹2,049 crore. Auditors PSDY & Associates signed off with an unmodified opinion. The board also authorized the compliance officer to start migrating the stock from the BSE SME platform to the main board. This graduation move marks an attempt to gain institutional attention and trade liquidity. With new secretarial and internal auditors and a revised dividend policy, the company is preparing for a larger market stage. The growth is plain. The next test is how the business performs once it leaves the SME board and faces broader market scrutiny.