What were the key financial results for FY26?

Khazanchi Jewellers reported a net profit of **₹89.4 crore**, more than double the **₹45 crore** recorded in the previous year. Revenue grew by **15.7%** to reach **₹2,049 crore**.

What is the status of the company's audit?

The statutory auditors issued an unmodified opinion on the financial results, confirming the credibility of the reported figures.

Is the company planning to change its listing status?

The board discussed a potential migration from the BSE SME platform to the main board. This move remains subject to necessary regulatory approvals.

What other administrative changes did the board approve?

The board reappointed its secretarial and internal auditors for the upcoming year and revised the company's dividend distribution policy.

Earnings · Retail

Khazanchi Jewellers doubles profit to ₹89.4 crore in FY26

The jewellery retailer posted a 15.7% revenue jump to ₹2,049 crore and is now eyeing a migration from the BSE SME platform to the main board.

— 1 earlier story on Khazanchi Jewellers Ltd. →

KHAZANCHI BSE 543953 25 May 2026 · 1:30 PM IST Verify on BSE · NSE

Mkt cap₹1,593 cr

P/E17.82×

ROE19.41%

Debt / eq.0.28

Div yld0.08%

₹89.4 cr Net profit for FY26, up from ₹45 crore in the prior year.

What's new

Net profit more than doubled to ₹89.4 crore for the year ended March 31, 2026.
Revenue climbed 15.7% to ₹2,049 crore.
The board is exploring a migration from the BSE SME platform to the main board.

Why this matters

Doubling profit while maintaining double-digit revenue growth is a strong performance for a micro-cap retailer. The move to the main board is the next logical step to improve liquidity and attract institutional interest.

What we're watching

The timeline for the proposed migration to the main board.
Whether the revised dividend policy leads to higher payouts.
Sustaining this growth rate in the current fiscal year.

The full read

Khazanchi Jewellers delivered a strong finish to FY26, with net profit more than doubling to ₹89.4 crore from ₹45 crore the year prior. Revenue growth of 15.7% pushed total sales to ₹2,049 crore.

It is a strong result.

Beyond the financials, the board is preparing for a transition from the BSE SME platform to the main board, a move intended to improve liquidity and increase visibility among a broader base of institutional investors who have historically avoided the SME segment. With an unmodified audit opinion in hand, the company is positioning itself for a larger stage. The board also took steps to formalize its governance by reappointing auditors and updating its dividend distribution policy. The next test is how quickly the company can secure the approvals needed to move to the main board.

Questions answered

What were the key financial results for FY26?: Khazanchi Jewellers reported a net profit of ₹89.4 crore, more than double the ₹45 crore recorded in the previous year. Revenue grew by 15.7% to reach ₹2,049 crore.
What is the status of the company's audit?: The statutory auditors issued an unmodified opinion on the financial results, confirming the credibility of the reported figures.
Is the company planning to change its listing status?: The board discussed a potential migration from the BSE SME platform to the main board. This move remains subject to necessary regulatory approvals.
What other administrative changes did the board approve?: The board reappointed its secretarial and internal auditors for the upcoming year and revised the company's dividend distribution policy.

Mentioned: Khazanchi Jewellers · BSE SME platform

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Story so far

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Today · 1:30 PM IST Khazanchi Jewellers doubles profit to ₹89.4 crore in FY26
3d ago Khazanchi Jewellers doubles FY26 profit as board plans main-board shift