Kalyan Jewellers announced a consolidated revenue growth of approximately 30% for Q2 FY2026, compared to the same period last year. India operations grew by around 31%, driven by strong wedding demand and the festive season. International operations saw a 17% increase. The company launched 15 Kalyan showrooms in India and 2 internationally during the quarter.
Strong Revenue Performance
Kalyan Jewellers reported a consolidated revenue growth of approximately 30% for the quarter ended September 30, 2025 (Q2 FY2026), compared to the corresponding period in the previous financial year.
India Operations Growth
The company’s India operations witnessed revenue growth of approximately 31% during Q2 FY2026, driven by robust wedding demand and a strong start to the festive season. The quarter recorded healthy same-store-sales-growth of approximately 16%.
International Performance
International operations recorded revenue growth of approximately 17% for the recently concluded quarter. Specifically, the Middle East saw revenue growth of approximately 10% for Q2 FY2026. International markets contributed approximately 12% to the consolidated revenue for the quarter.
Candere Performance
The digital-first jewellery platform, Candere, recorded a revenue growth of approximately 127% during the recently concluded quarter.
Showroom Expansion
During Q2 FY2026, the company launched 15 Kalyan showrooms in India and 2 showrooms in the Middle East. It also launched 15 Candere showrooms in India.
Debt Reduction Update
Kalyan Jewellers has secured approval from the lead bank for the release of real estate collateral pertaining to debt repaid and has resumed the next round of debt reduction.
Current Showroom Count
As of September 30, 2025, the total number of showrooms across India and the Middle East stood at 436 (Kalyan India – 300, Kalyan Middle East – 38, Kalyan USA – 2, Candere – 96).
Outlook
The ongoing quarter has started off well, and the company is encouraged by robust footfalls across all its major markets. They are upbeat about the ongoing season and are fully prepared with fresh collections, campaigns and launch of 15 more Kalyan showrooms before Diwali.
Source: BSE
