Kalyan Jewellers Reports Robust 31% Consolidated Revenue Growth in Q1 FY26
Kalyan Jewellers has reported a strong performance in the first quarter of FY26, with consolidated revenue growth of approximately 31% compared to the same period in the previous financial year. Despite volatility in gold prices and geopolitical tensions, the company witnessed robust demand during the quarter, driven primarily by Akshaya Tritiya and wedding demand.
The company’s India operations recorded revenue growth of approximately 31% during Q1 FY26, driven by healthy same-store-sales-growth of approximately 18%. International operations also recorded revenue growth of approximately 31%, with the Middle East witnessing growth of approximately 26%. The company’s digital-first jewelry platform, Candere, recorded a revenue growth of approximately 67% during the quarter. Candere launched its brand campaign in May 2025, which has resulted in significant improvement in showroom footfalls, web traffic, and revenue growth.
During the quarter, the company launched 10 Kalyan showrooms in India, 1 Kalyan showroom in the US, and 8 Candere showrooms in India. Kalyan Jewellers plans to launch 170 showrooms across Kalyan and Candere formats in FY26, including 75 Kalyan showrooms in non-south India and 80 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, including 287 Kalyan showrooms in India, 36 Kalyan showrooms in the Middle East, 2 Kalyan showrooms in the US, and 81 Candere showrooms in India. The company is optimistic about the upcoming festive and wedding season and is gearing up with fresh collections and campaigns across the country.
