Kalyan Jewellers India Limited announced a robust 38% consolidated revenue growth for Q1 FY2027 compared to the previous year. India operations saw over 38% growth with a 28% same-store-sales growth, despite the Adhik Maas period. International markets grew 35%, contributing 14% to consolidated revenue. The company also reported strong growth for its digital platform, Candere.
Kalyan Jewellers Reports Robust Q1 FY2027 Performance
Kalyan Jewellers India Limited has announced a highly satisfying first quarter for FY2027, recording a consolidated revenue growth of approximately 38% when compared to the same period in the previous financial year. This significant growth underscores the company’s strong operational momentum and market positioning.
India Operations Drive Growth
In India, the company witnessed revenue growth exceeding 38% for Q1 FY2027, a notable achievement especially considering the 28-day Adhik Maas period which typically impacts wedding-related demand. This growth was supported by healthy same-store-sales growth across key markets, which stood at approximately 28% for the quarter. The company also successfully launched its ‘Shine with India’ gold recirculation campaign, increasing the share of recycled gold in revenue to over 46%, and exceeding 55% in June.
International Markets and Digital Platform Show Promise
Kalyan Jewellers’ international operations also demonstrated strong performance, with revenue growth of approximately 35% for the recently concluded quarter compared to Q1 FY2026. Within the Middle East, revenue grew by around 30%, driven by same-store-sales growth despite geopolitical tensions impacting footfall. International markets collectively contributed about 14% to the company’s consolidated revenue.
The digital-first jewellery platform, Candere, recorded exceptional growth, with revenue increasing by approximately 112% during the quarter compared to the previous year. This highlights the increasing importance and success of the company’s online presence.
Expansion and Future Outlook
During Q1 FY2027, Kalyan Jewellers expanded its retail footprint by launching 12 new showrooms in India and 5 Candere showrooms. As of June 30, 2026, the company’s total number of showrooms across India and international markets reached 524, comprising 354 in India, 38 in the Middle East, 2 in the USA, 1 in the UK, and 129 Candere showrooms.
The company expressed optimism about the ongoing quarter, gearing up for new showroom launches, fresh collections, and campaigns for the upcoming festive and wedding season. The reported metrics are subject to a Limited Review by the Statutory Auditors, with a detailed information update to follow post-board approval.
Source: BSE
