iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Kalyan Jewellers Reports 31% YoY Revenue Growth in Q1 FY26; Opens 19 New Stores

7 Jul 2025 , 11:53 AM

Kalyan Jewellers India Ltd reported a 31% increase in consolidated revenue for the first quarter of FY26, signaling strong demand despite a challenging macro environment. The company credited its performance to festive buying, particularly during Akshaya Tritiya, and steady wedding season sales.

While gold price volatility and geopolitical developments impacted broader consumer sentiment, Kalyan said the quarter ended on a high note. The company described the April–June period as “fulfilling,” pointing to resilience in customer demand.

In its core India business, Kalyan saw revenue rise 31% year-on-year, supported by same-store sales growth of approximately 18%. Wedding purchases and festival-led buying were key drivers.

The jeweller’s international segment also reported a 31% uptick in revenue over the same quarter last year. In the Middle East, revenue was up 26%, with steady footfalls at existing stores contributing significantly to the performance. International markets made up 15% of the total revenue during the quarter.

Digital-first brand Candere posted standout numbers, recording a 67% surge in revenue compared to the previous year’s first quarter. The growth was attributed to rising online orders and new showroom additions under the brand.

During Q1 FY26, Kalyan launched 19 new outlets, which included:

  • 10 Kalyan Jewellers stores in India

  • 1 showroom in the United States

  • 8 Candere showrooms across India

With these additions, the company’s total store count reached 406 as of June 30, 2025, spanning both Indian and international locations.

Looking ahead, Kalyan is gearing up for a major retail expansion. For FY26, the company plans to roll out 170 new stores across both Kalyan and Candere formats. This includes:

  • 75 Kalyan stores in non-southern India, of which 5 will be larger flagship showrooms

  • 15 additional stores in South India and international markets

  • 80 Candere stores focused on Tier 1 and Tier 2 Indian cities

All upcoming Kalyan showrooms will follow the franchisee-owned, company-operated (FOCO) model, aligning with the company’s strategy to scale efficiently while maintaining operational control.

For feedback and suggestions, write to us at editorial@iiflcapital.com

Related Tags

  • Indian Market News
  • Indian Stock Market News
  • Kalyan Jewellers
  • Kalyan Jewellers India
  • stock market news
  • stocks market news
  • stocks to watch
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.