Strong Growth Across India and International Markets
Kalyan Jewellers reported a consolidated revenue growth of 30% in Q2 FY2026 compared to the same period last year.
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India operations: Revenue grew 31%, driven by robust wedding demand and a strong festive season start. Navratri sales partially offset the higher base from last year’s customs duty reduction. Same-store-sales growth was approximately 16%.
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International operations: Revenue increased by 17%, with the Middle East contributing 10% growth, entirely from same-store-sales growth. International markets contributed 12% to consolidated revenue.
Candere Leads Digital Growth
Kalyan Jewellers’ digital-first platform, Candere, recorded an impressive 127% revenue growth, driven by higher showroom footfalls, increased web traffic, and strong festive demand.
Expansion and Footfall Highlights
During the quarter, Kalyan Jewellers expanded its presence with:
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India: 15 new Kalyan showrooms
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Middle East: 2 new showrooms
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Candere: 15 new showrooms in India
As of September 30, 2025, the total network includes 436 showrooms: Kalyan India – 300, Kalyan Middle East – 38, Kalyan USA – 2, and Candere – 96.
Debt Reduction and Operational Updates
The company secured approval for the release of real estate collateral linked to repaid debt and resumed its next round of debt reduction. The ongoing quarter has started positively, with strong footfalls and preparations for 15 more Kalyan showrooms before Diwali, supported by fresh collections and campaigns.
