Kalyan Jewellers India Ltd Share Price – NSE  / BSE

Diamond, Gems and Jewellery, Small Cap

Kalyan Jewellers India announced that ICRA has reaffirmed the credit ratings assigned to the bank facilities of the company at [ICRA]AA- (Stable) / [ICRA]A1+.

The company?s India operations saw revenue growth of over 65% YoY during the quarter, supported by strong SSSG across key markets. Wedding and discretionary demand remained resilient despite volatile gold prices, with SSSG exceeding 45%. For FY26, India revenue grew approximately 43% YoY.

International operations recorded revenue growth of around 45% YoY in Q4 FY26, with the Middle East posting 39% growth, led by strong same-store sales. Geopolitical tensions affected customer walk-ins during early March, but strong Ramadan sales in the last 10 days of the month offset the impact. International markets contributed approximately 11% to consolidated revenue for the quarter. For FY26, international revenue rose roughly 33% YoY.

The company?s digital-first jewellery platform, Candere, recorded revenue growth of over 360% in Q4 FY26 and around 160% for the full year.

During the quarter, Kalyan Jewellers launched 28 showrooms (net 24) in India and 14 Candere stores. Supply-side disruptions in West Asia delayed some planned March openings.

As of 31 March 2026, the company operated 507 showrooms globally, including 342 Kalyan India outlets, 38 Kalyan Middle East, 2 Kalyan USA, 1 Kalyan UK, and 124 Candere stores.

The company said the new financial year has started positively, with strong footfalls and encouraging advance collections for Akshaya Tritiya and the wedding season.

Kalyan Jewellers India is a leading international retail jewellery chain, into the manufacture and retailing of primarily gold and precious stone studded jewelleries.

The company?s consolidated net profit surged 90.24% to Rs 416.29 crore in Q3 FY26, supported by a 42.17% increase in revenue from operations to Rs 10,343.4 crore compared to the same period last year.

Kalyan Jewellers India has allotted 77,545 equity shares under ESOP on 09 March 2026.

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Profit before tax (PBT) for the quarter stood at Rs 601.4 crore, up 104.83% as against Rs 293.6 crore posted in Q3 FY25.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 74.53% year-on-year to Rs 750.5 crore in Q3 FY26. The EBITDA margin also improved, reaching 7.3% compared to 5.9% in the same period last year.

The company?s consolidated revenue climbed approximately 42% YoY, driven by robust festive demand, strong same-store sales growth (SSSG), and sharp traction in its digital platform, Candere.

The company?s India operations witnessed revenue growth of approximately 42% during Q3 FY26 as compared to Q3 FY25, driven primarily by strong festive demand. Demand after Diwali remained resilient despite volatility in gold prices, with growth broad-based across both plain gold and studded jewellery segments. The quarter recorded healthy same-store-sales-growth of approximately 27%.

International operations recorded revenue growth of approximately 36% YoY during the quarter. In the Middle East, revenue rose approximately 28% in Q3 FY26 compared with Q3 FY25, largely driven by strong same-store sales growth. International markets contributed approximately 11% to the company?s consolidated revenue during the quarter.

The company?s digital-first jewellery platform, Candere, recorded a revenue growth of approximately 147% during the quarter as compared to the same period during the last year.

During the quarter, the company launched 21 Kalyan showroom.

Kalyan Jewellers India is a leading international retail jewellery chain, into the manufacture and retailing of primarily gold and precious stone studded jewelleries.

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