Kalyan Jewellers Q3 FY26 Revenue Surges 42% to ₹10,343 Crore, PAT Jumps 90%
Kalyan Jewellers reported Q3 FY26 consolidated revenue of ₹10,343 crore, up 42% YoY. PAT surged 90% to ₹416 crore. Nine-month revenue grew 35% to ₹25,468 crore, with PAT up 79% to ₹941 crore. Candere turned profitable, and the company invested ₹300 crore in expansion and debt reduction.
The substantial increase in revenue and profit, along with positive commentary on future outlook and strategic investments, is expected to have a significant positive impact on investor sentiment and the company's stock.
The company reported significant year-over-year growth in both revenue and profit for the quarter and nine months, indicating strong business performance.
Kalyan Jewellers India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated revenue of ₹10,343 crore for Q3 FY26, marking a significant 42% increase compared to the corresponding quarter of the previous year.
Consolidated profit before tax stood at ₹560 crore, up from ₹294 crore in the prior year's quarter. After accounting for an exceptional item of ₹41.5 crore related to changes in the Labour Code, the consolidated profit after tax (PAT) grew by 90% to ₹416 crore, from ₹219 crore in Q3 FY25.
For the nine months ended December 31, 2025, consolidated revenue reached ₹25,468 crore, a 35% rise from ₹18,860 crore in the same period last year. Consolidated profit before tax for the nine months was ₹1,263 crore, an increase of 78% from ₹709 crore in the previous year. Consolidated PAT for the nine-month period was ₹941 crore, up 79% from ₹527 crore in the corresponding period of the previous year.
The company highlighted robust performance across its segments. India revenue grew to ₹9,048 crore, with PAT at ₹401 crore, an 84% growth. The Middle East business reported revenues of ₹1,073 crore and a profit of ₹24 crore. Candere, the e-commerce arm, posted revenues of ₹135 crore, turning profitable with a profit of ₹3 crore in the quarter.
During the quarter, ₹300 crore was utilized for Candere's expansion and pilot showrooms in the U.S. and U.K., with another ₹300 crore allocated to debt reduction and dividend payments. The company also noted strong same-store sales growth during the festive period, exceeding 30% for the 30-day period ending Diwali. Candere showed significant revenue growth of 144% in the quarter and turned PAT positive.
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