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Kalyan Jewellers India Limited has kicked off FY26 on a strong note, posting a 31% year-on-year jump in consolidated revenue for the April–June quarter. The company reported ₹7,268 crore in revenue for Q1 FY26, compared to ₹5,528 crore in the same period last year. Net profit for the quarter stood at ₹264 crore, marking a sharp 49% rise from ₹178 crore in Q1 FY25.
The company’s India operations contributed significantly to this performance, with standalone revenue reaching ₹6,142 crore — up 31% from the previous year. Profit after tax (PAT) for the India business grew even faster, climbing 55% to ₹256 crore.
International operations also delivered robust growth. Revenues from overseas markets rose to ₹1,070 crore, a 32% increase year-on-year. The Middle East market, in particular, contributed ₹1,026 crore in revenue and ₹22 crore in PAT, registering growth of 27% and 18%, respectively.
However, the company’s digital-first jewellery platform, Candere, posted a net loss of ₹10 crore on revenues of ₹66 crore for the quarter.
Commenting on the results, Mr. Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers, said: “We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns.”
Founded in Thrissur, Kerala, Kalyan Jewellers is one of India’s largest jewellery retailers, with a growing footprint across the Middle East and the United States. With more than 400 showrooms and a retail presence spanning over 10 lakh sq. ft., the company offers a wide range of traditional and modern jewellery in gold, diamonds, and precious stones.
