Kalyan Jewellers India Limited announced a robust performance for the first half of FY26, with revenue reaching ₹15,125 Cr, a 31% increase year-over-year. Profit after tax (PAT) soared to ₹525 Cr, marking a 70% growth compared to the previous year. The company saw significant growth in both its India and Middle East operations. Strong Navratri sales contributed to the positive results.
Financial Performance Highlights
Kalyan Jewellers India Limited reported strong financial results for the half-year ended September 30, 2025. Key highlights include:
- Revenue: ₹15,125 Cr, a 31% increase compared to the same period last year (H1 FY25: ₹11,585 Cr).
- Profit After Tax (PAT): ₹525 Cr, a significant 70% increase year-over-year (H1 FY25: ₹308 Cr).
Q2 FY26 Performance
The company also demonstrated strong performance in the second quarter (Q2: Jul-Sep) of FY26:
- Consolidated revenue for Q2 FY26 stood at ₹7,856 Cr, reflecting a 30% growth compared to the corresponding period in the previous year.
- PAT for Q2 FY26 reached ₹261 Cr.
India Operations
Standalone revenue for the India business in Q2 FY26 was ₹6,843 Cr, a 31% increase year-over-year. PAT for Q2 FY26 was ₹262 Cr.
Middle East Operations
The Middle East segment also showed positive results, with revenue for Q2 FY26 reaching ₹866 Cr, an 8% increase compared to the previous year. PAT for Q2 FY26 was ₹15 Cr.
Candere Performance
Our lifestyle jewellery platform, Candere, recorded revenue of ₹93 Cr and a net loss of ₹9 Cr for Q2 FY26.
Management Commentary
Mr. Ramesh Kalyanaraman, Executive Director, commented on the results: “We are extremely happy with the excellent all-round performance during the recently concluded quarter with an exceptional nine days of Navratri sale to end the quarter on a very strong note. The pick up in the momentum that we witnessed during Navratri continued to the ongoing quarter as well. Same-store-sales-growth for the 30-day period ending Diwali was in excess of 30% on a like for like basis. We are upbeat about the ongoing wedding season across the country and are fully geared up with fresh collections and campaigns.”
Source: BSE
