Strong wedding demand and same-store sales drive performance despite gold price volatility
Kalyan Jewellers reported a 64 per cent year-on-year increase in consolidated revenue for the March quarter, while its total revenue for the full financial year rose 42 per cent, supported by robust festive and wedding demand, strong same-store-sales growth (SSSG), and continued traction in its digital platform, Candere.
The company’s India operations recorded over 65 per cent growth during the quarter compared to the year-ago period, driven by healthy SSSG across key markets. For the full financial year, the India business posted a 43 per cent rise in revenue.
In its exchange filing, the company noted that demand remained resilient across both wedding-related and discretionary categories during the quarter, despite volatility in gold prices. Same-store-sales growth stood at 45 per cent at the end of the reporting period.
Internationally, Kalyan Jewellers posted a 45 per cent revenue increase in the fourth quarter. The Middle East market registered nearly 39 per cent growth, primarily led by improved same-store performance.
“Ongoing geopolitical situation in the region impacted customer walk-ins during the first three weeks of March, even though the showrooms remained opened. Excellent Ramadan sales during the last 10 days of the month made up for the impact on customer walk-ins during the rest of the month,” Kalyan said in its filing.
For the full financial year 2026, the company’s international operations reported a 33 per cent increase in topline, contributing about 11 per cent to the overall quarterly revenue.
Candere, the company’s digital-first jewellery platform, maintained strong momentum, with revenue surging more than 360 per cent in the March quarter compared to the previous year. For the full year, Candere posted a 160 per cent growth in revenue.
On the expansion front, the company added a net 24 showrooms across India during the quarter, along with 14 Candere outlets. “Ongoing geopolitical situation in West Asia has caused supply-side disruptions for building materials impacting some of the showroom launches planned during March,” the company said.
As of 31 March 2026, Kalyan Jewellers operated 507 showrooms globally, including 342 in India, 38 in the Middle East, two in the US, one in the UK, and 124 Candere outlets.
The company said the new financial year has begun on a positive note, supported by strong footfalls and encouraging advance collections for Akshaya Tritiya as well as the upcoming wedding season.
Kalyan Jewellers India is a leading international retail jewellery chain engaged in the manufacturing and sale of gold and precious stone-studded jewellery.
In the previous quarter (Q3 FY26), the company reported a 90.24 per cent jump in consolidated net profit to Rs 416.29 crore, supported by a 42.17 per cent rise in revenue from operations to Rs 10,343.4 crore compared to the same period last year.
