Kalyan Jewellers Q1 FY27 Revenue Surges 38% to ₹XXXX Crore, India Ops Up 38%
Kalyan Jewellers reported consolidated revenue growth of 38% for Q1 FY27. India operations saw 38% growth with 28% same-store-sales-growth. Recycled gold share increased to over 46%. International operations grew 35%, and Candere platform revenue surged 112%. The company launched 17 new showrooms during the quarter.
The announcement details significant revenue growth, successful strategic initiatives like gold recirculation, and substantial network expansion, which are key performance indicators that are likely to positively influence investor perception and the company's stock performance.
The company reported strong revenue growth across its India and international operations, significant growth in its digital platform, and successful expansion of its showroom network. The positive reception of the gold recirculation campaign also contributes to the positive sentiment.
Kalyan Jewellers India Limited has reported a highly satisfying first quarter of FY2027, with consolidated revenue growth of approximately 38% compared to the same period last year. The company's India operations witnessed a robust increase of over 38%, driven by strong operating momentum and healthy same-store-sales-growth across key markets, despite the 28-day Adhik Maas period which typically impacts wedding-related demand.
The 'Shine with India' gold recirculation campaign, launched in the latter half of May, has been well-received, increasing the share of recycled gold to over 46% of revenue in Q1 FY2027, and exceeding 55% in June. International operations also showed significant growth, with revenue up by approximately 35% year-on-year, with Middle East operations contributing about 30% growth, despite geopolitical tensions impacting footfall in April.
International markets accounted for approximately 14% of the consolidated revenue for the quarter. The digital-first jewellery platform, Candere, experienced exceptional growth, with revenue surging by approximately 112% compared to the previous year. During the quarter, Kalyan Jewellers expanded its retail presence by launching 12 new showrooms in India and 5 Candere showrooms.
As of June 30, 2026, the company operates a total of 524 showrooms across India and international markets, including 354 Kalyan India showrooms, 38 in the Middle East, 2 in the USA, 1 in the UK, and 129 Candere showrooms. The company is optimistic about the ongoing quarter, with plans for new showroom launches and fresh collections for the upcoming festive and wedding seasons.
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