Kalyan Jewellers reports 30% consolidated revenue growth in Q2 FY2026 with strong India performance
Kalyan Jewellers reports robust Q2 FY2026 with consolidated revenue growth of 30%, India operations up 31%, and 16% same-store-sales-growth. Launched 32 new showrooms and secured debt collateral release.
The announcement indicates strong financial performance with significant revenue growth across all segments (consolidated, India, international, digital). Strategic expansion through new showroom launches and successful debt reduction initiatives suggest a positive trajectory for the company's financial health and market position.
The company reported strong consolidated revenue growth of approximately 30% and India operations growth of 31%, along with healthy same-store-sales-growth of 16%. Additionally, significant showroom expansion and successful debt collateral release contribute to a positive outlook.
Kalyan Jewellers India Limited announced a gratifying performance for the quarter ended September 30, 2025, recording consolidated revenue growth of approximately 30% compared to the same period in the previous financial year. Key highlights include: * India operations witnessed revenue growth of approximately 31% in Q2 FY2026, driven by robust wedding demand and a strong start to the festive season. The quarter recorded healthy same-store-sales-growth of approximately 16%. * International operations recorded revenue growth of approximately 17%, with Middle East specifically growing by approximately 10% driven entirely by same-store-sales-growth. International markets contributed approximately 12% to consolidated revenue. * The digital-first jewellery platform, Candere, recorded a revenue growth of approximately 127% during the quarter. * During Q2 FY2026, the company launched 15 Kalyan showrooms in India, 2 showrooms in the Middle East, and 15 Candere showrooms in India. * Kalyan Jewellers secured approval from its lead bank for the release of real estate collateral pertaining to debt repaid and has resumed the next round of debt reduction. * As of September 30, 2025, the total number of showrooms across India and the Middle East stood at 436 (Kalyan India – 300, Kalyan Middle East – 38, Kalyan USA – 2, Candere – 96). * The company is upbeat about the ongoing quarter, noting robust footfalls and plans to launch 15 more Kalyan showrooms before Diwali.
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