Khazanchi Jewellers Ltd Q2 net profit down 16 percent to Rs 11 crore

Khazanchi Jewellers Ltd, a leading jewellery retailer reported a 16 percent decline in net profit to Rs 11 crore ($1.4 million) for the second quarter of financial year 2025, as against Rs 13 crore in the year-ago quarter.

The company’s revenue for the quarter increased by 71 percent to Rs 375 crore, as against Rs 219 crore in the corresponding quarter of the previous fiscal year.

For the first half of the financial year, Khazanchi Jewellers revenue stood at Rs 757 crore while its net profit for the period was Rs 20 crore.

Commenting on the results, Rajesh Kumar, joint managing director of Khazanchi Ltd in a statement said, “We are pleased to report strong performance, with our topline demonstrating remarkable year-on-year growth, driven by robust demand and effective business strategies. Similarly, our bottom line has also experienced significant growth.”

“The recent reduction in duties provides a valuable opportunity to enhance competitiveness, particularly by levelling the playing field with unorganized competitors. This shift is expected to drive growth in the organized jewellery sector, with the company poised for continued success, especially during the festive seasons,” he added.

Going forward, the company plans to expand its showroom network by opening stores across the country starting with the launch of its flagship showroom in Sowcarpet, Chennai.

Chennai-based Khazanchi Jewellers is a prominent player in the Indian jewellery industry offering in a wide array of products in gold, diamonds, and precious stones.