Kalyan Jewellers India Limited reported a stellar performance for the quarter and year ended March 31, 2026. The company achieved a consolidated revenue of INR 10,275 crore for Q4, representing a 66% year-on-year growth. Consolidated profit after tax (PAT) rose by 118% to INR 410 crore. For the full financial year, the company recorded consolidated revenue exceeding INR 35,700 crore, driven by aggressive network expansion and robust consumer demand.
Financial Highlights
Kalyan Jewellers closed the financial year 2026 on a high note. The consolidated profit after tax (PAT) for the full year reached INR 1,350 crore, an 89% increase over the previous year. The India business remained a strong pillar, contributing significantly to this growth with a revenue of INR 8,990 crore and a 97% surge in PAT during the final quarter.
Strategic Growth and Expansion
During the fiscal year, the company successfully launched 129 showrooms across the Kalyan and Candere formats, including its first showroom in the U.K. The management plans to maintain this momentum, targeting the opening of 150 showrooms in the current financial year. A major strategic priority remains the goal of becoming non-GML debt-free in India within the current fiscal year, supported by consistent free cash flow generation.
Candere and Brand Outlook
The Candere brand achieved a significant milestone by turning PAT positive in the second half of FY26, with revenue growth of 160% for the year. Looking ahead, the company is focused on driving same-store sales growth (SSSG) and expanding the footprint of its new regional brand. Despite potential volatility, the management noted that demand in April remained strong, underscoring a positive outlook for the upcoming periods.
Capital Allocation
Kalyan Jewellers continues to prioritize balanced capital management. The Board has recommended a dividend payout of approximately INR 257 crore, representing about 20% of the net profit generated in FY26. Future capital allocation will balance further dividend distributions and debt reduction with strategic investments in inventory and the expansion of the showroom network.
Source: BSE
