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Kalyan Jewellers India Results: Latest Quarterly Results & Analysis

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Kalyan Jewellers India Ltd. 04 Aug 2026 17:20 PM
Result PDF

Q1FY27 Quarterly Result Announced for Kalyan Jewellers India Ltd.

Gems & Jewellery company Kalyan Jewellers India announced Q1FY27 results

Consolidated Financial Highlights:

  • The total revenue from operations stood at Rs 1,05,889.27 million in Q1FY27, reflecting an increase of 45.68% compared to Rs 72,684.75 million in Q1FY26 and a growth of 3.06% compared to Rs 1,02,749.42 million in Q4FY26.
  • Other income for the quarter was recorded at Rs 557.38 million in Q1FY27, compared to Rs 462.68 million in Q1FY26 and Rs 461.60 million in Q4FY26.
  • Total income reached Rs 1,06,446.65 million in Q1FY27, showing a growth of 45.52% YoY compared to Rs 73,147.43 million in Q1FY26.
  • Profit before tax (PBT) and exceptional items was Rs 4,648.17 million in Q1FY27, representing a YoY increase of 31.69% from Rs 3,529.71 million in Q1FY26 and a QoQ decrease of 13.73% from Rs 5,388.19 million in Q4FY26.
  • Profit after tax (PAT) for Q1FY27 was reported at Rs 3,486.65 million, marking an increase of 32.03% YoY from Rs 2,640.84 million in Q1FY26 and a decrease of 14.86% QoQ from Rs 4,095.03 million in Q4FY26.
  • Total comprehensive income for the quarter stood at Rs 2,887.98 million in Q1FY27 compared to Rs 2,245.37 million in Q1FY26 and Rs 5,938.91 million in Q4FY26.
  • The Basic Earnings Per Share (EPS) for Q1FY27 was Rs 3.38, compared to Rs 2.56 in Q1FY26 and Rs 3.97 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from operations in Q1FY27 was Rs 90,255.23 million, an increase of 46.94% YoY from Rs 61,422.40 million in Q1FY26 and a marginal increase of 0.35% QoQ from Rs 89,943.03 million in Q4FY26.
  • Other income for the quarter stood at Rs 722.28 million in Q1FY27 compared to Rs 521.15 million in Q1FY26.
  • Total income for the standalone entity was Rs 90,977.51 million in Q1FY27, up from Rs 61,943.55 million in Q1FY26.
  • Profit before tax (PBT) in Q1FY27 was Rs 4,320.93 million, reflecting a 25.51% increase YoY from Rs 3,442.82 million in Q1FY26 and a 12.77% decrease QoQ from Rs 4,953.49 million in Q4FY26.
  • Profit after tax (PAT) for the quarter was Rs 3,213.24 million in Q1FY27, showing a growth of 25.28% YoY from Rs 2,564.84 million in Q1FY26 and an 12.12% decline QoQ from Rs 3,656.48 million in Q4FY26.
  • Total comprehensive income for Q1FY27 was Rs 2,600.96 million compared to Rs 2,185.70 million in Q1FY26.

Business Highlights:

  • Segment Performance: The company's Chief Operating Decision Maker (CODM) examines performance as a single consolidated unit, specifically the 'jewellery business'; therefore, there are no separate reportable segments under Ind AS 108.
  • Advertisement and Sales Promotion: Consolidated advertisement expenses for Q1FY27 were Rs 1,168.73 million, while standalone advertisement expenses stood at Rs 865.36 million.
  • Subsidiary Operations: The consolidated results include the performance of various subsidiaries and step-down subsidiaries including Kalyan Jewellers FZE (UAE), Kalyan Jewelers, Inc. (USA), Candere Lifestyle Jewellery Private Limited (India), and Kalyan Gold and Diamond Jewellery Limited (UK), among others.
  • Corporate Updates: KJG Brands Private Limited (India) became a subsidiary with effect from February 17, 2026.
  • Exceptional Items: There were no exceptional items reported in Q1FY27. However, an exceptional item of Rs 415.02 million was recognized in FY26 due to a one-time increase in provision for employee benefits related to the new Labour Codes.

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Gems & Jewellery company Kalyan Jewellers India announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Q4FY26 Total Income: Rs 1,03,211.02 million, an increase of 65.87% YoY from Rs 62,223.58 million in Q4FY25. On a QoQ basis, it saw a slight decrease from Rs 1,04,075.98 million in Q3FY26.
  • Q4FY26 Revenue from Operations: Stood at Rs 1,02,749.42 million compared to Rs 61,815.34 million in Q4FY25, reflecting a growth of 66.22% YoY.
  • Q4FY26 Profit after tax: Rs 4,095.03 million, up 118.28% YoY from Rs 1,876.05 million in Q4FY25.
  • FY26 Total Income: Rs 3,59,508.83 million, registering a 42.72% YoY growth from Rs 2,51,896.67 million in FY25.
  • FY26 Revenue from Operations: Rs 3,57,428.60 million, representing a growth of 42.71% YoY from Rs 2,50,450.66 million in FY25.
  • FY26 Profit after tax: Rs 13,503.95 million, an increase of 89.08% YoY compared to Rs 7,141.73 million in FY25.

Standalone Financial Highlights

  • Q4FY26 Total Income: Rs 90,463.53 million, up 67.75% YoY from Rs 53,927.52 million in Q4FY25 and a slight decrease from Rs 91,220.63 million in Q3FY26.
  • Q4FY26 Revenue from Operations: Rs 89,943.03 million, marking a growth of 68.11% YoY from Rs 53,503.88 million in Q4FY25.
  • Q4FY26 Profit after tax: Rs 3,656.48 million, reflecting a growth of 97.25% YoY from Rs 1,853.70 million in Q4FY25.
  • FY26 Total Income: Rs 3,12,625.29 million, showing an increase of 43.49% YoY from Rs 2,17,871.41 million in FY25.
  • FY26 Revenue from Operations: Rs 3,10,270.92 million, up 43.39% YoY from Rs 2,16,385.95 million in FY25.
  • FY26 Profit after tax: Rs 12,851.26 million, an 86.61% YoY increase from Rs 6,886.82 million in FY25.
  • Dividend: The Board of Directors recommended a final dividend of Rs 2.50 (25%) per equity share of face value of Rs 10 each for the financial year ended March 31, 2026.

Business Highlights

  • International Operations: Revenue during Q4FY26 was Rs 11,570.00 million (reported as Rs 1,157 crore) compared to Q4FY25, showing a growth of over 43%. Profit after tax for the quarter reached Rs 290.00 million (reported as Rs 29 crore), representing a growth of 105%.
  • Candere (Lifestyle Jewellery Platform): Recorded a revenue of Rs 1,310.00 million (reported as Rs 131 crore) and a profit of Rs 30.00 million (reported as Rs 3 crore) during Q4FY26.
  • India Operations: Standalone (India) revenue for Q4FY26 was Rs 89,940.00 million (reported as Rs 8,994 crore) and Profit after tax reached Rs 3,660.00 million (reported as Rs 366 crore), growing 68% and 97% respectively.
  • Exceptional Item: The company recognized a one-time increase in provision for employee benefits amounting to Rs 415.02 million in FY26 due to the implementation of the New Labour Codes.
  • Operational Footprint: As of March 31, 2026, the company operates 507 showrooms across India, the Middle East, UK, and US, with a total retail area exceeding 12,00,000 sq. ft.
  • Performance Drivers: The management noted strong growth in the Akshaya Tritiya sale and continues to observe encouraging momentum in consumer demand, particularly driven by wedding purchases.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said: “We ended the previous financial year on a very strong and have carried the momentum into the ongoing financial year. We witnessed strong growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”

Result PDF

Kalyan Jewellers India company Kalyan Jewellers India announced Q3FY26 results

Financial Highlights:

  • Revenue: Rs 90,477 crore against Rs 63,864 crore during Q3FY25, change 42%.
  • EBITDA: Rs 6,538 crore against Rs 3,703 crore during Q3FY25, change 77%.
  • EBITDA Margin: 7.2% for Q3FY26.
  • PBT: Rs 5,411 crore against Rs 2,919 crore during Q3FY25, change 85%.
  • PBT Margin: 6% for Q3FY26.
  • PAT: Rs 4,008 crore against Rs 2,180 crore during Q3FY25, change 84%.
  • PAT Margin: 4.4% for Q3FY26.

Operational Highlights:

  • Added 21 (18 Net) new showrooms during Q3FY26 in India (base quarter, Q3FY25 saw the launch of 24 showrooms).
  • Revenue growth of ~42% when compared to Q3FY25, driven mainly by healthy SSSG of 27%.
  • New customer additions continue to stay healthy; share of new customers at over 39%.
  • Share of revenue from franchised showrooms at ~51%.
  • Margin expansion driven by mix improvement, procurement efficiencies, operating leverage, higher share of FOCO revenue, and gains in platinum and silver.
  • During Q3FY26, there is a one-time exceptional impact amounting to INR 415 Mn due to changes in employee benefit provisions arising from the New Labour Codes.
  • Base year impacted by loss of ~INR 548 Mn due to customs duty reduction.

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced Q2FY26 results

Consolidated Financial Highlights:

  • Consolidated revenue for Q2FY26 was Rs 7,856 crore, a growth of 30% when compared to Q2FY25.
  • PAT for Q2FY26 was Rs 261 crore.

Standalone Financial Highlights:

  • Standalone revenue (India) for Q2FY26 was Rs 6,843 crore a growth of 31% when compared to Q2FY25.
  • PAT for Q2FY26 was Rs 262 crore.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India, said: “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. Samestore-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.”

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced Q1FY26 results

  • Consolidated revenue of Rs 7,268 crore in Q1FY26 as against Rs 5,528 crore in Q1FY25, a growth of 31%.
  • Consolidated PAT for the quarter was Rs 264 crore as against a PAT of Rs 178 crore in Q1FY25, a growth of 49%.
  • Our lifestyle jewellery platform Candere, recorded a revenue of 66 crore and net loss of 10 crore for Q1FY26.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India, said: “we have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns.”

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Consolidated revenue and PAT for Q4FY25 was Rs 6,182 crore and Rs 188 crore respectively, a growth of 37% and 36% respectively.
  • Standalone revenue (India) and PAT for Q4FY25 was Rs 5,350 crore and Rs 185 crore respectively, a growth of 38% and 41% respectively.
  • Middle East revenue and PAT for Q4FY25 was Rs 784 crore and Rs 12 crore respectively, a growth of 26% and 22% respectively.
  • Our lifestyle jewellery platform Candere, recorded a revenue of 28 crore and net loss of 12 crore for Q4FY25.

FY25 Financial Highlights:

  • The company recorded consolidated revenue of Rs 25,045 crore in FY25 as against Rs 18,516 crore in the previous financial year, a growth of 35%.
  • Consolidated PAT for FY25 was Rs 714 crore as against a PAT of Rs 596 crore in the previous financial year.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said, “We had an excellent start to the current financial year despite continuing volatility in gold prices carrying forward the momentum in business from the previous financial year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced Q3FY25 results

  • Consolidated revenue of Rs 7,287 crore in Q3FY25 as against Rs 5,223 crore in Q3FY24, a growth of 40%.
  • Consolidated PAT for Q3FY25 was Rs 219 crore as against a PAT of Rs 180 crore for Q3FY24.
  • Consolidated PAT growth would be 44% adjusting for the loss due to reduction in customs duty (announced during Union Budget in July 2024).

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India, said: “We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced H1FY25 & Q2FY25 results

Standalone Financial Highlights:

  • Standalone revenue for the company (India) in H1FY25, was Rs 9,914 crore, as against Rs 7,395 crore in H1FY24, a growth of over 34%.
  • PAT of Rs 285 crore for the first half compared to a PAT of Rs 254 crore for the H1FY24.
  • Standalone revenue and PAT for Q2FY25 was Rs 5,227 crore and Rs 120 crore respectively.

Consolidated Financial Highlights:

  • Consolidated revenue of Rs 11,601 crore in H1FY25 as against Rs 8,790 crore in the H1FY24, a growth of 32%.
  • Consolidated PAT for H1FY25 was Rs 308 crore as against a PAT of Rs 278 crore for H1FY24.
  • Consolidated revenue and PAT for Q2FY25 was Rs 6,065 crore and Rs 130 crore respectively.
  • There was a one-time loss of Rs 69 crore due to reduction in customs duty in India during Q2FY25.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India, said: “We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We recorded SSSG in excess of 20% for the Diwali minus 30 days period when compared to the base year. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note.”

Result PDF

Kalyan Jewellers India announced Q3FY24 results:

  • Consolidated Q3FY24:
    • The company recorded consolidated revenue of Rs 5,223 crore in Q3FY24 as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34%.
    • Consolidated PAT for Q3FY24 was Rs 180 crore as against a PAT of Rs 148 crore for the corresponding period in the previous year, a growth of ~22%.
  • Standalone Q3FY24:
    • The standalone revenue for the company (India) in Q3FY24, was Rs 4,512 crore, as against Rs 3,219 crore in Q3 of the previous financial year, a growth of over 40%.
    • The India operations recorded PAT of Rs 168 crore for the quarter compared to a PAT of Rs 133 crore for the corresponding period in the previous year, a growth of ~26%.
  • Middle East Business Highlights:
    • Total revenue from the Middle East operations during Q3FY24 was Rs 683 crore as against Rs 641 crore in Q3 of the previous financial year, a growth of over 6%.
    • The Middle East operations recorded a PAT of Rs ~14 crore for the quarter compared to a PAT of Rs ~17 crore for the corresponding period in the previous year.
  • Candere:
    • recorded a revenue of Rs ~29 crore in Q3FY24 versus Rs ~44 crore in Q3FY23.
    • The company recorded a loss of Rs 1.6 crore in Q3FY24 as against a loss of Rs 1.7 crore in Q3FY23.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said, “It has been a fantastic financial year so far. Performance across all quarters has been excellent. Consolidated revenue growth for the first nine months of the current financial year is around 31% and revenue growth in India is ~36% driven by robust network expansion along with healthy same-store-sales growth. The ongoing quarter has also started off well and we are looking forward to ending the financial year on a strong note.”

 

 

Result PDF

Gems & Jewellery company Kalyan Jewellers India announced Q1FY24 results:

  • Consolidated revenue of Rs 4,376 crore for Q1FY24 as against Rs 3,333 crore in Q1FY23, a growth of 31%.
  • Consolidated PAT for Q1FY24 was at Rs 144 crore as against a PAT of Rs 108 crore for Q1FY23, a growth of ~33%.
  • Standalone revenue for the company (India) in Q1FY24 was Rs 3,641 crore, as against Rs 2,719 crore in Q1FY23, a growth of ~34%.
  • India operations recorded PAT of Rs 129 crore for Q1FY24 compared to Rs 95 crore in Q1FY23, a growth of ~35%.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said, “We have had a very good start to the financial year. The recently concluded quarter has been yet another positive one for Kalyan Jewellers, having witnessed continued robust momentum in both footfalls and revenue across all our markets in India and the Middle East over the past several quarters. We are upbeat about the upcoming new showroom launches and are gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country. The month of August will witness the launch of our 200th showroom in Jammu – a milestone in our showroom expansion journey”

 

 

Result PDF

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