Kalyan Jewellers has reported a robust 31% year-on-year growth in consolidated revenue for the first quarter of FY2026, despite temporary dips in demand due to gold price fluctuations and geopolitical factors.
India Operations
The company’s India business grew 31% in Q1 FY26 compared to the same quarter last year, supported by strong Akshaya Tritiya sales and wedding season demand. Notably, same-store-sales grew 18%, reflecting continued consumer trust and engagement.
International Markets
Kalyan’s international segment also recorded 31% growth, with the Middle East operations contributing a 26% revenue jump, driven mainly by same-store-sales performance. The international business accounted for 15% of consolidated revenue.
Candere’s Digital Momentum
Online-first brand Candere saw a remarkable 67% surge in revenue, buoyed by its new brand campaign launched in late May 2025. The campaign significantly boosted footfall, web traffic, and conversions.
Retail Expansion
In Q1, Kalyan launched:
-
10 new showrooms in India
-
1 in the USA
-
8 Candere outlets across India
Looking ahead, the company plans to open 170 new stores in FY26:
-
75 Kalyan showrooms in non-South India (including 5 flagship stores)
-
15 in South India and international markets
-
80 Candere outlets across India
As of June 30, 2025, the group’s total retail footprint stands at 406 showrooms:
-
Kalyan India: 287
-
Kalyan Middle East: 36
-
Kalyan USA: 2
-
Candere: 81
The company remains optimistic about the festive and wedding season ahead, with strategic store openings and new campaigns underway.
(Note: All figures are provisional and subject to Limited Review by statutory auditors. Revenue refers to the sale of goods.)
