Kalyan Jewellers India Ltd - Quarterly Update: Q2 FY2026

The recently concluded quarter has been a very gratifying one, recording consolidated revenue growth of approximately 30% when compared to the same period in the previous financial year.

Our India operations witnessed revenue growth of approximately 31% during Q2 FY2026 as compared to Q2 FY2025, driven primarily by robust wedding demand and a strong start to the festive season. Navratri sales, which was not part of the base quarter revenue, partially negated the impact of the higher base due to the customs duty reduction in India during Q2 of the last financial year. The quarter recorded healthy same-store-sales-growth of approximately 16%.

Our international operations recorded revenue growth of approximately 17% for the recently concluded quarter when compared to the same period during the previous financial year. Within the Middle East specifically, we witnessed revenue growth of approximately 10% for Q2 FY2026 as compared to Q2 FY2025 driven entirely by same-store-sales-growth. International markets contributed approximately 12% to our consolidated revenue for the recently concluded quarter.

Our digital-first jewellery platform, Candere, recorded a revenue growth of approximately 127% during the recently concluded quarter as compared to the same period during the last year. We are encouraged by the significant improvement in showroom footfalls, web traffic and revenue growth during the recently concluded quarter when compared to the corresponding period in the previous year.

During the recently concluded quarter, we launched 15 Kalyan showrooms in India, 2 showrooms in the Middle East and 15 Candere showrooms in India.

As an additional update, during the recently concluded quarter, we have been able to secure approval from the lead bank of our consortium of lenders for the release of real estate collateral pertaining to debt repaid. Subsequently, we have resumed the next round of debt reduction in line with the target already set for the current financial year.

The ongoing quarter has started off well and we are encouraged by robust footfalls across all our major markets. We are upbeat about the ongoing season and are fully prepared with fresh collections, campaigns and launch of 15 more Kalyan showrooms before Diwali.

As of September 30, 2025, our 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).

The metrics and other details provided above are subject to Limited Review process by our Statutory Auditors. Post approval of the results for the quarter ended September 30, 2025 by the board of directors, a detailed information update will follow. Revenue figures provided above refer to revenue from sale of goods.

Shares of Kalyan Jewellers India Limited was last trading in BSE at Rs. 491.70 as compared to the previous close of Rs. 465.15. The total number of shares traded during the day was 474311 in over 8040 trades.

The stock hit an intraday high of Rs. 498.00 and intraday low of 463.00. The net turnover during the day was Rs. 228847706.00.

Source : Equity Bulls

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KalyanJewellersIndia INE303R01014 Q2FY26 Q2FY2026 BusinessUpdate