Kalyan Jewellers India reported a consolidated revenue growth of ~31% in Q1 FY2026 compared to the same quarter last year. This growth came despite temporary pauses in demand due to gold price volatility and ongoing geopolitical tensions. The Akshaya Tritiya festival and wedding-related demand served as key drivers for this robust performance.
The company's India operations recorded a 31% YoY revenue increase during the quarter, with a healthy same-store-sales growth (SSSG) of around 18%. International markets also reflected a strong growth trajectory, posting a 31% YoY increase in revenue. In the Middle East alone, revenue grew by ~26%, primarily driven by same-store performance. International operations contributed around 15% to the company’s consolidated revenue.
Candere, Kalyan’s digital-first jewellery platform, registered an impressive 67% revenue growth in Q1 FY2026 compared to Q1 FY2025. The platform launched a brand campaign in May 2025, leading to a significant spike in showroom footfalls, web traffic, and sales. The success post-campaign signals strong brand resonance and digital growth potential.
In Q1 FY2026, the company added 10 new Kalyan showrooms in India, one in the US, and 8 Candere showrooms across India. This aligns with Kalyan Jewellers’ ambitious target of opening 170 showrooms during FY2026, 75 in non-south India (including 5 flagship stores), 15 across south India and international markets, and 80 under the Candere format.
As of June 30, 2025, Kalyan Jewellers had 406 showrooms globally, including 287 in India, 36 in the Middle East, 2 in the US, and 81 Candere outlets. The company remains optimistic about the current quarter, anticipating solid momentum from new showroom launches, fresh collections, and festive season campaigns.
On July 7, 2025, Kalyan Jewellers share price opened at ₹587.40, up from its previous close of ₹585.65. At 11:46 AM, the share price of Kalyan Jewellers was trading at ₹589.65, up by 0.68% on the NSE.
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Kalyan Jewellers has started FY2026 on a strong note, backed by consistent revenue growth, successful expansion efforts, and a thriving digital business. With the festive and wedding seasons ahead, the company is well-positioned to sustain its growth trajectory.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 7, 2025, 12:15 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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