Khazanchi Jewellers Migrates to Mainboard, Targets ₹5,000 Cr Revenue

Khazanchi Jewellers Ltd (KJL) has successfully migrated its equity shares from the BSE SME Platform to the Main Board of BSE Ltd and NSE, effective October 27, 2026. This strategic move aims to scale the company's business from its current ₹2,000 crore revenue to over ₹5,000 crore by FY2030. KJL is transforming its revenue model, shifting from a 90% B2B wholesale base to a balanced 60-40 B2B-B2C split over the next 3-4 years. This transition is expected to elevate operating margins to 8-9%. The company plans to open 8-10 new retail stores, expand its natural diamond and studded jewellery offerings under Brand Vajraa, and enhance its digital and omnichannel capabilities to support a projected 25-30% annual revenue growth.