Kalyan Jewellers reported a robust 31% year-on-year consolidated revenue growth in Q1 FY26, despite demand slowdowns caused by gold price fluctuations and global tensions. The growth was largely fuelled by strong Akshaya Tritiya and wedding-season demand.
In India, revenues rose by 31%, with same-store sales growth (SSSG) reaching 18%. International operations also grew by 31%, with the Middle East contributing 26% growth, driven largely by SSSG. Overall, global markets accounted for 15% of total consolidated revenue this quarter.
The brand’s digital-first jewellery platform, Candere, saw an exceptional 67% revenue increase, helped by a new brand campaign launched in May 2025, which drove showroom footfalls and digital traffic significantly higher.
During the quarter, Kalyan expanded its footprint by launching 10 new showrooms in India, 1 in the US, and 8 Candere stores domestically. As of June 30, 2025, the company operates 406 showrooms globally (Kalyan India – 287, Middle East – 36, USA – 2, Candere – 81).
Looking ahead, Kalyan is preparing for the festive and wedding season with fresh collections and marketing campaigns. The company’s aggressive expansion plan for FY26 includes 170 new showrooms, covering both Kalyan and Candere formats—cementing its position as one of India’s leading jewellery retailers.
Final financials are subject to statutory review, with a comprehensive report expected post board approval.
