Kalyan Jewellers has reported a strong performance for Q2 FY2027, recording consolidated revenue growth in excess of 26% compared with the same period in the previous financial year.
Quick Summary
- Kalyan Jewellers recorded consolidated revenue growth in excess of 26% in Q2 FY2027.
- India operations recorded approximately 27% revenue growth.
- Same-store-sales-growth in the quarter stood at approximately 20%.
- International operations recorded approximately 18% revenue growth.
- Candere recorded approximately 64% revenue growth.
- International markets contributed approximately 11% to consolidated revenue.
- 12 Kalyan showrooms, 9 Candere showrooms and 1 Kalyan UK showroom were launched during the quarter.
- Total showroom count reached 546 as of September 30, 2026.
- Non-GML debt came down to zero during the quarter.
Strong Consolidated Revenue Growth
The recently concluded quarter has been a very satisfying one, recording consolidated revenue growth in excess of 26% when compared to the same period in the previous financial year.
India Operations Deliver Robust Growth
We saw revenue growth of approximately 27% for our India operations during Q2 FY2027 as compared to Q2 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 high base due to the strong Navratri sales (all nine days of Navratri were part of Q2 during FY 2026). The recently concluded quarter recorded same-store-sales-growth of approximately 20%.
Akshaya Thanga Maligai Expands in Chennai
We launched our first regional brand, Akshaya Thanga Maligai (ATM), in Chennai in the month of August. We are highly encouraged by the way the brand has been received and the strong revenue traction over the first 40 plus days of operation with the biggest season for Tamil Nadu slated to start from the 11th of October. We have drawn up plans for the launch of the next four showrooms, under the franchised model, over the course of the current financial year – two showrooms during the ongoing quarter and two showrooms during the fourth quarter.
International Operations Continue to Grow
Our international operations recorded revenue growth of approximately 18% 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 12% for Q2 FY2027 as compared to Q2 FY2026 driven entirely by same-store-sales-growth.
International Markets Contribution
International markets contributed approximately 11% to our consolidated revenue for the recently concluded quarter.
Candere Records Strong Revenue Growth
Our lifestyle jewellery brand, Candere, recorded a revenue growth of approximately 64% during the recently concluded quarter as compared to the same period during the last year.
Showroom Expansion Across Markets
During the recently concluded quarter, we launched 12 Kalyan showrooms in India (net 11) , 9 Candere showrooms in India and 1 Kalyan showroom in the UK.
Non-Core Real Estate Asset Sale
During the recently concluded quarter we completed the sale of one of the two identified parcels of non-core real estate assets, held for sale, with value of approximately INR 86 Cr. We expect to complete the sale of the second one valued at approximately INR 16 Cr during the ongoing quarter. The quarter also saw non-GML debt coming down to zero.
Festive and Wedding Season Outlook
We are upbeat about the upcoming festive and wedding season across the country and are fully ready with fresh collections, campaigns and new showroom launches.
Showroom Network Reaches 546
As of September 30, 2026, our total number of showrooms across India and international markets stood at 546 (Kalyan India – 365, Kalyan Middle East – 38, Kalyan USA – 2, Kalyan UK – 2, Candere – 138).
Limited Review and Revenue Disclosure
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 September 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).
FAQs
What was Kalyan Jewellers’ consolidated revenue growth in Q2 FY2027?
Kalyan Jewellers recorded consolidated revenue growth in excess of 26% compared with the same period in the previous financial year.
How did Kalyan Jewellers’ India operations perform in Q2 FY2027?
India operations recorded approximately 27% revenue growth compared with Q2 FY2026, while same-store-sales-growth was approximately 20%.
How much did Candere’s revenue grow in Q2 FY2027?
Candere recorded revenue growth of approximately 64% compared with the same period during the previous year.
How many showrooms did Kalyan Jewellers have as of September 30, 2026?
Kalyan Jewellers had a total of 546 showrooms across India and international markets as of September 30, 2026.
How much did Kalyan Jewellers’ international operations grow?
International operations recorded approximately 18% revenue growth during the recently concluded quarter, while the Middle East recorded approximately 12% growth.
What is the status of Kalyan Jewellers’ non-GML debt?
The quarter saw non-GML debt coming down to zero.
Source: SVAR Media Network
About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media
SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.
Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.
Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.
SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…
Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.
Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Media, Updates, Podcasts & more…
