Kalyan Jewellers India Ltd - Q4FY26 Business Update

Kalyan Jewellers India Limited - Quarterly Update: Q4 FY2026

The recently concluded quarter has been a very encouraging one, recording consolidated revenue growth of approximately 64% when compared to the same period in the previous financial year. For the full year FY2026, we recorded revenue growth of approximately 42% on a consolidated basis as compared to the prior year.

Our India operations witnessed revenue growth in excess of 65% during Q4 FY2026 as compared to Q4 FY2025, driven primarily by strong same-store-sales-growth (SSSG) across most of the key markets. Both wedding and discretionary demand stayed robust during the quarter despite volatile gold prices. The quarter recorded same-store-sales-growth of over 45%. For the full year FY2026, the India business recorded a revenue growth of approximately 43% when compared to the prior year.

Our international operations recorded revenue growth of approximately 45% for the recently concluded quarter when compared to the same period during the previous financial year. Within the Middle East specifically, we witnessed revenue growth of approximately 39% for Q4 FY2026 as compared to Q4 FY2025 driven predominantly by same-store-sales-growth. Ongoing geopolitical situation in the region impacted customer walk-ins during the first three weeks of March even though the showrooms remained open. Excellent Ramadan sales during the last 10 days of the month made up for the impact on customer walk-ins during the rest of the month. For the full year FY2026, International business recorded a revenue growth of approximately 33% when compared to the prior year.

International markets contributed approximately 11% to our consolidated revenue for the recently concluded quarter.

Our digital-first jewellery platform, Candere, recorded a revenue growth of over 360% during the recently concluded quarter as compared to the same period during the last year. For the full year FY2026, Candere recorded a revenue growth of approximately 160% when compared to the prior year.

During the recently concluded quarter, we launched 28 (net 24) Kalyan showrooms in India, and 14 Candere showrooms. Ongoing geopolitical situation in West Asia has caused supplyside disruptions for building materials impacting some of the showroom launches planned during the month of March.

The new financial year has started off well with strong footfalls across most of the markets. We are upbeat about the ongoing quarter and are witnessing encouraging trends in the advance collections for both Akshaya Tritiya as well as for wedding purchases for the festive/wedding season.

As of March 31, 2026, our total number of showrooms across India and international markets stood at 507 (Kalyan India - 342, Kalyan Middle East - 38, Kalyan USA - 2, Kalyan UK - 1, Candere - 124).

The metrics and other details provided above are subject to our statutory audit process. Post approval of our financials for the quarter and year ended March 31, 2026 by the board of directors, a detailed information update will follow. Revenue figures provided above refer to revenue from sale of goods.

Shares of Kalyan Jewellers India Limited was last trading in BSE at Rs. 414.30 as compared to the previous close of Rs. 420.45. The total number of shares traded during the day was 922978 in over 14514 trades.

The stock hit an intraday high of Rs. 437.45 and intraday low of 412.25. The net turnover during the day was Rs. 389091091.00.

Source : Equity Bulls

Keywords

KalyanJewellersIndia INE303R01014 Q4FY26 FY2026 BusinessUpdate