Revenue climbs 37.4 per cent as Ebitda margin improves; retailer expands footprint with new stores in India and the Middle East
Kalyan Jewellers India reported a strong September-quarter performance, with net profit surging 99.5 per cent year-on-year to Rs 260 crore, compared with Rs 130 crore a year earlier.
Operational revenue rose 37.4 per cent to Rs 7,856 crore, up from Rs 6,057 crore in the same quarter last year. The jeweller’s Ebitda climbed 55.8 per cent to Rs 497.1 crore, against Rs 319 crore in the corresponding period. Ebitda margin expanded to 6.3 per cent from 5.3 per cent a year ago.
On the BSE, the company’s stock closed at Rs 512.75, edging up Rs 0.25, or 0.049 per cent.
Kalyan Jewellers traces its roots back to 1908 when the founding family established their first textile mill in Kerala, followed by the opening of their first textile retail showroom in 1913 in Thrissur. The transition to jewellery retail began in 1993 when T.S. Kalyanaraman, leveraging decades of industry expertise and family business experience, opened the first Kalyan Jewellers showroom in Thrissur, Kerala. This marked the beginning of what would become India’s largest organised jewellery retail chain.
During Q2 FY26 alone, the company launched 15 Kalyan showrooms in India, 2 in the Middle East, and 15 Candere showrooms. The company has progressively expanded from South India (2004) to West India (2012), North India (2014), and now targets non-South markets as strategic growth regions with significant untapped demand.
