Kalyan Jewellers Q1 Update: Akshaya Tritiya, wedding season contribute to 31% growth

Kalyan Jewellers Ltd., the Thrissur, Kerala-based jewellery maker, reported a consolidated revenue growth of approximately 31% year-on-year for the first quarter of FY26.Despite demand disruptions during the June quarter, majorly due to gold price volatility and geopolitical tensions, Kalyan Jewellers described the recently concluded period as a very fulfilling one.
For the India business, the company witnessed revenue growth of 31% during Q1 FY26, compared to the same quarter last year. The revenue growth was driven primarily by robust Akshaya Tritiya and wedding demand.
The quarter also recorded healthy same-store-sales-growth of approximately 18%.Kalyan’s international operations recorded revenue growth of 31%, compared to the same period during the previous financial year.
In the Middle East, it witnessed revenue growth of 26% for Q1 FY26, as compared to Q1 FY25, driven predominantly by same-store-sales-growth.International markets contributed 15% to its consolidated revenue for the recently concluded quarter, the company said in an exchange filing.

The company digital-first jewellery platform, Candere, recorded a revenue growth of 67% during the recently concluded quarter, compared to the same period last year.

During the quarter, the company launched 10 Kalyan showrooms in India, one Kalyan showroom in the US, and eight Candere showrooms in India.

As of June 30, 2025, the company’s total number of showrooms across India and the Middle East stood at 406.

During FY26, Kalyan plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India (including 5 larger-format flagship Kalyan showrooms), 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India.

Shares of Kalyan Jewellers India Ltd. are currently trading flat at ₹584.65. The stock has risen 6% in the last one month.