Kalyan Jewellers India Ltd - Quarterly Update: Q1 FY2027

The recently concluded quarter has been a very satisfying one, recording consolidated revenue growth of approximately 38% when compared to the same period in the previous financial year.
We saw revenue growth in excess of 38% for our India operations during Q1 FY2027 as compared to Q1 FY2026, led by robust operating momentum on the ground with healthy same-store-sales-growth across all the key markets in the country despite the 28-day Adhik Maas period falling fully in the recently concluded quarter. Adhik Maas is a once in a 3-year phenomenon during which wedding related demand tends to take a pause in certain parts of the country. The recently concluded quarter recorded same-store-sales-growth of approximately 28%.

We launched our 'Shine with India' gold recirculation campaign during the second half of May with the larger objective of increasing the share of recycled gold and thereby reducing dependence on imported gold. The initiative has been well received by our customers helping us increase the share of recycled gold as a percentage of revenue to over 46% during Q1 FY 2027. For the month of June, the share of recycled gold as a percentage of revenue was in excess of 55%.

Our international operations recorded revenue growth of approximately 35% 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 30% for Q1 FY2027 as compared to Q1 FY2026 driven predominantly by same-store-sales-growth despite the impact on footfall during the month of April due to the geopolitical tensions in the region.

International markets contributed approximately 14% to our consolidated revenue for the recently concluded quarter.

Our digital-first jewellery platform, Candere, recorded a revenue growth of approximately 112% during the recently concluded quarter as compared to the same period during the last year.

During the recently concluded quarter, we launched 12 Kalyan showrooms and 5 Candere showrooms in India.

The ongoing quarter has started off well and we are upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country.

As of June 30, 2026, our total number of showrooms across India and international markets stood at 524 (Kalyan India - 354, Kalyan Middle East - 38, Kalyan USA - 2, Kalyan UK - 1, Candere - 129).

The metrics and other details provided above are subject to Limited Review process by our Statutory Auditors. Post approval of the results for the quarter ended June 30, 2026 by the board of directors, a detailed information update will follow. Revenue figures provided above refer to revenue from sale of goods (excluding bullion).

Shares of Kalyan Jewellers India Limited was last trading in BSE at Rs. 381.20 as compared to the previous close of Rs. 381.85. The total number of shares traded during the day was 152702 in over 4227 trades.

The stock hit an intraday high of Rs. 387.90 and intraday low of 379.55. The net turnover during the day was Rs. 58343852.00.

Source : Equity Bulls

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KalyanJewellersIndia INE303R01014 Q1FY27 BusinessUpdate