Kalyan Jewellers India Limited reported a robust business performance for the quarter ended September 30, 2025 (Q2 FY2026), recording consolidated revenue growth of approximately 30% year-on-year, supported by strong momentum across both its domestic and international markets.
The company’s India operations delivered an impressive 31% year-on-year revenue growth during the quarter, primarily driven by healthy wedding season demand and an early start to the festive season. The management noted that the inclusion of Navratri sales this year, which were not part of the base quarter revenue, helped offset the impact of the high base created by the customs duty reduction in Q2 of the previous financial year. Same-store sales growth in India stood at around 16% for the quarter, reflecting consistent consumer demand and improved store performance.
Kalyan’s international operations also performed strongly, registering 17% year-on-year revenue growth in Q2 FY2026. Within the Middle East, the company reported 10% growth during the quarter, driven entirely by same-store sales. International business contributed about 12% of consolidated revenue for the recently concluded quarter.
The company’s digital-first jewellery platform, Candere, posted exceptional performance, with revenues rising by approximately 127% year-on-year, reflecting strong traction in online and hybrid retail formats. Kalyan highlighted that showroom footfalls, web traffic, and overall customer engagement improved significantly compared to the same period last year.
During the quarter, Kalyan Jewellers expanded its footprint with the launch of 15 new Kalyan showrooms in India, 2 new showrooms in the Middle East, and 15 Candere outlets across India, underscoring its ongoing retail expansion strategy.
As part of its financial update, the company confirmed that it has secured approval from the lead bank of its consortium of lenders for the release of real estate collateral tied to debt that has already been repaid. With this milestone, Kalyan has resumed the next round of debt reduction in line with the targets set for the current financial year.
Looking ahead, the management stated that the ongoing quarter has started on a positive note with robust footfalls across major markets, adding that preparations are in full swing for the festive season with fresh collections, new campaigns, and the planned launch of 15 additional Kalyan showrooms before Diwali.
As of September 30, 2025, Kalyan Jewellers operated 436 showrooms globally, including 300 in India, 38 in the Middle East, 2 in the USA, and 96 Candere outlets.
The company clarified that the financial metrics provided in the update are subject to limited review by statutory auditors, and a detailed quarterly report will be released following board approval of the results for Q2 FY2026.
Disclaimer: This article is for informational purposes only, based on data disclosed by Kalyan Jewellers India Limited in its stock exchange filing dated October 6, 2025. It does not constitute investment advice or a recommendation to buy or sell any securities.
