Kalyan Jewellers reports robust Q2 FY2026 revenue growth

Kalyan Jewellers India Limited announced a consolidated revenue growth of approximately 30% for Q2 FY2026 compared to the same period last year. India operations were a significant driver, witnessing a 31% revenue increase, propelled by strong wedding demand and the festive season. The quarter also recorded healthy same-store-sales-growth of approximately 16% in India.

International operations contributed to the positive performance with revenue growth of approximately 17%. Within the Middle East, revenue grew by 10%, entirely due to same-store-sales-growth. Digital-first jewelry platform, Candere, showed exceptional growth, with revenue up approximately 127% year-on-year, benefiting from increased showroom footfalls and web traffic.

During the quarter, Kalyan Jewellers expanded its retail footprint by launching 15 new Kalyan showrooms in India, 2 in the Middle East, and 15 Candere showrooms in India. As of September 30, 2025, the company operates a total of 436 showrooms across India and the Middle East, including 300 Kalyan India, 38 Kalyan Middle East, 2 Kalyan USA, and 96 Candere showrooms. The company also secured approval for the release of real estate collateral related to debt repayment.