Kalyan Jewellers Q2 FY27 Revenue Surges Over 26% YoY; Expands Network
Kalyan Jewellers India reported consolidated revenue growth exceeding 26% in Q2 FY27. India operations grew 27% with 20% same-store-sales-growth. International operations grew 18%. Candere brand revenue increased 64%. The company launched 12 new showrooms in India and 1 in the UK, and completed the sale of a ₹86 crore real estate asset.
The substantial revenue growth, strategic brand launches, network expansion, and debt reduction indicate a significant positive impact on the company's financial health and market position.
The company reported significant year-on-year revenue growth across its India and international operations, along with strong performance from its lifestyle brand Candere. Expansion of showrooms and successful divestment of non-core assets further contribute to the positive sentiment.
Kalyan Jewellers India Limited reported a strong performance for the second quarter of FY2027, with consolidated revenue growth exceeding 26% compared to the same period in the previous fiscal year.
India operations witnessed a robust revenue increase of approximately 27%, driven by healthy same-store-sales-growth of around 20% across key markets. This growth was achieved despite a high base from the previous year's Navratri sales. The company also launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai in August, which has shown encouraging revenue traction. Kalyan Jewellers plans to launch four more franchised showrooms within the current financial year, with two in the ongoing quarter and two in the fourth quarter.
International operations contributed approximately 11% to the consolidated revenue, recording an 18% growth for the quarter. Specifically, the Middle East operations saw a 12% revenue growth, primarily driven by same-store-sales-growth. The company's lifestyle jewellery brand, Candere, also performed exceptionally well, with a revenue growth of approximately 64% in the same period.
During Q2 FY2027, Kalyan Jewellers expanded its footprint by launching 12 new showrooms in India (net 11), 9 Candere showrooms in India, and 1 Kalyan showroom in the UK. The company also completed the sale of one of its two identified non-core real estate assets for approximately ₹86 crore, with the second asset valued at approximately ₹16 crore expected to be sold in the ongoing quarter. Notably, non-GML debt has been reduced to zero.
As of September 30, 2026, the total number of showrooms across India and international markets stood at 546, comprising 365 Kalyan showrooms in India, 38 in the Middle East, 2 in the USA, 2 in the UK, and 138 Candere showrooms. The company is optimistic about the upcoming festive and wedding season, with fresh collections, campaigns, and new showroom launches planned.
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