Kalyan Jewellers has reported an impressive performance for Q4 FY2026, achieving a consolidated revenue growth of 64% compared to the same period last year. For the full fiscal year 2026, the company recorded a consolidated revenue growth of 42%. The growth was driven by strong sales in India, expansion in the Middle East, and a massive 360% surge in revenue from its digital-first platform, Candere.
Quarterly and Annual Financial Highlights
Kalyan Jewellers closed the quarter ending March 31, 2026, with significant momentum. The consolidated revenue growth of 64% for the quarter reflects robust demand across all regions despite volatile gold prices. On an annual basis, the company sustained this positive trend, delivering 42% revenue growth for the full FY2026 compared to the previous year.
Segment Performance
The India operations were a key driver, witnessing revenue growth exceeding 65% in Q4 FY2026. The business recorded a same-store-sales-growth (SSSG) of over 45%, fueled by healthy wedding and discretionary demand. Meanwhile, the International business, primarily in the Middle East, posted 45% revenue growth for the quarter and 33% for the full year, overcoming initial regional geopolitical challenges through strong Ramadan sales.
Digital Growth and Expansion
The company’s digital-first arm, Candere, outperformed expectations with a staggering 360% revenue growth in the final quarter and 160% for the full year. This success is complemented by the company’s physical expansion efforts, which saw the addition of 28 showrooms in India and 14 Candere showrooms during the quarter. As of March 31, 2026, the total showroom count stands at 507 across various international and domestic markets.
Outlook for the New Financial Year
Looking ahead, the company reports strong footfalls and positive advance collections heading into the new fiscal year. Anticipation remains high for upcoming seasonal purchases, including Akshaya Tritiya and the ongoing wedding season, as the company continues to solidify its retail footprint.
Source: BSE
