Kalyan Jewellers Share Price Falls Over 6%; Reports 38% Revenue Growth in Q1 FY27

Kalyan Jewellers India Limited has announced a 38% increase in consolidated revenue for Q1 FY2027 compared to the same period last year, as per the exchange filings.  

This growth was primarily driven by robust performance in India, despite the Adhik Maas period affecting wedding demand. 

Kalyan Jewellers India Operations and Revenue Growth 

The company reported over 38% revenue growth in India during Q1 FY2027 compared to Q1 FY2026. This was achieved through strong operating momentum and a 28% same-store-sales-growth across key markets, despite the Adhik Maas period, which typically sees a pause in wedding-related demand. 

Gold Recirculation Campaign 

Kalyan Jewellers launched the 'Shine with India' gold recirculation campaign in May 2026, aiming to increase the share of recycled gold and reduce reliance on imported gold. This initiative led to recycled gold accounting for over 46% of revenue in Q1 FY2027, with June figures exceeding 55%. 

Read More: Thangamayil Jewellery Share Price Surges 52% in June as FY26 Performance and Expansion Plans Lift Investor Sentiment! 

Kalyan Jewellers International Operations and Digital Growth 

International operations saw a 35% revenue increase in Q1 FY2027 compared to the previous year. The Middle East recorded a 30% growth, despite geopolitical tensions affecting April footfall. International markets contributed 14% to consolidated revenue. Additionally, Candere, the digital-first platform, achieved a 112% revenue growth. 

Kalyan Jewellers Showroom Expansion 

During the quarter, Kalyan Jewellers opened 12 new showrooms and 5 Candere showrooms in India. As of June 30, 2026, the company operated 524 showrooms globally, with 354 in India, 38 in the Middle East, 2 in the USA, 1 in the UK, and 129 under Candere. 

Kalyan Jewellers India Share Price Performance  

As of July 07, 2026, at 10:22 AM, Kalyan Jewellers India share price on NSE was trading at ₹356.35, down by 6.53% from the previous closing price. 

Conclusion 

Kalyan Jewellers reported a 38% revenue growth in Q1 FY2027, with India operations showing over 38% growth. The 'Shine with India' campaign increased recycled gold revenue share to over 46%. International operations grew by 35%, with Candere achieving 112% growth. 

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