Strong festive demand and digital sales boost quarterly performance; Candere revenue surges 127% YoY
Kalyan Jewellers India reports a robust 30 per cent year-on-year growth in consolidated revenue for the quarter ended Q2 FY26, driven by strong festive demand, new store additions, and a sharp rise in digital sales through its Candere brand.
Revenue from India operations rises by 31 per cent over the same period last year, while international business registers a 17 per cent increase. Within overseas markets, the Middle East contributes around 10 per cent growth, accounting for nearly 12 per cent of total consolidated revenue.
The company attributes the domestic momentum to higher same-store sales, which grow 16 per cent year-on-year, supported by strong consumer sentiment and festive buying ahead of the wedding season. Management notes that part of the growth reflects early Navratri sales, which were not part of the base quarter last year.
Digital subsidiary Candere records a 127 per cent jump in revenue, underscoring the growing acceptance of online jewellery purchases. Kalyan continues to expand its omnichannel footprint with 15 new Candere showrooms in India during the quarter.
In total, the jeweller adds 32 new showrooms, including 15 Kalyan outlets in India, two in the Middle East, and 15 Candere stores bringing its global retail network to 436 locations as of 30 September 2025. This includes 300 Kalyan showrooms in India, 38 in the Middle East, two in the United States, and 96 Candere stores.
The company also secured approval from its lead bank to release real-estate collateral linked to repaid debt and plans to resume its debt-reduction programme in the current fiscal.
“The ongoing festive quarter has started on a strong note with encouraging footfalls across showrooms and a positive consumer response to new collections and campaigns. We plan to launch around 15 additional showrooms before Diwali,” Kalyan Jewellers says in its exchange filing.
