Kalyan Jewellers reports 30% consolidated revenue growth in Q2 with same store sales at 16%

Shares of Kalyan Jewellers Ltd. declined on Monday, October 6, after the company expects consolidated revenue growth of around 30% in the second quarter, as per its provisional numbers.The company said its India operations witnessed revenue growth of around 31% in the quarter under review, driven by robust wedding demand and a strong start to the festive season. It said Navratri sales, which were not part of the base quarter revenue, partially negated the impact of the higher base due to the customs duty reduction in India during the second quarter.

Kalyan Jewellers’ same-store sales growth (SSSG) stood at 16% in the September quarter compared to the year-ago period.

Kalyan Jewellers’ international operations witnessed revenue growth of around 17% for the September quarter. Within the Middle East, its revenue growth stood at 10%, driven entirely by same store sales growth, it said. International markets contributed approximately 12% to its consolidated revenue, Kalyan stated in its exchange filing.Candere, the company’s digital-first platform witnessed a revenue growth of 127% during the September quarter. ” We are encouraged by the significant improvement in showroom footfalls, web traffic and revenue growth,” Kalyan Jewellers said.

In the second quarter, the company launched 15 Kalyan showrooms in India, two in the Middle East and 15 Candere showrooms in India.As of September 30, 2025, its total number of showrooms across India and the Middle East stood at 436, including 300 Kalyan showrooms in India, 38 in the Middle East, two in the US and 96 Candere showrooms in total.

The company said it is prepared with fresh collections, campaigns and launch of 15 more Kalyan showrooms before Diwali.

Additionally, Kalyan Jewellers said it has been able to secure approval from the lead bank of its consortium of lenders to release real estate collateral pertaining to debt repaid. It has also resumed the next round of debt reduction in-line with the target already set for the current fiscal, it said.

Shares of Kalyan Jewellers were down 0.4% at ₹490.5 apiece. The stock has declined 36.8% this year, so far.

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