Shares of Kalyan Jewellers India rallied as much as 4% to their day’s high of Rs 437.45 on the BSE on Tuesday after the company reported a strong performance for the March quarter, with consolidated revenue growth of around 64% year-on-year.
For the full year FY2026, the company posted consolidated revenue growth of approximately 42% compared to the previous year.
In India, the business recorded revenue growth of over 65% in Q4 FY2026 versus the year-ago period, led by robust same-store sales growth across key markets. The company said both wedding and discretionary demand remained strong despite volatile gold prices, with same-store sales growth exceeding 45% during the quarter. For the full year, the India business reported revenue growth of about 43%.
International operations also delivered healthy growth, with revenue rising around 45% year-on-year in Q4. In the Middle East, revenue grew approximately 39%, largely driven by same-store sales growth. The company noted that geopolitical developments in the region impacted customer walk-ins during the first three weeks of March, although showrooms remained operational. Strong Ramadan sales in the final 10 days helped offsthis impact. For FY2026, the international business posted revenue growth of around 33% and contributed about 11% to consolidated revenue in the quarter.
The company’s digital-first jewellery platform, Candere, continued to see sharp traction, with revenue growth of over 360% in Q4 compared with the same period last year. For the full year, Candere recorded growth of about 160%.
During the quarter, the company launched 28 showrooms (net addition of 24) under the Kalyan brand in India, along with 14 Candere showrooms. It added that geopolitical issues in West Asia led to supply-side disruptions in building materials, affecting some showroom launches planned for March.
Looking ahead, the company said the new financial year has begun on a positive note, with strong footfall across markets. It also highlighted encouraging trends in advance collections for Akshaya Tritiya and the upcoming wedding season.
As of March 31, 2026, the company’s total showroom count stood at 507, including 342 in India, 38 in the Middle East, 2 in the US, 1 in the UK, and 124 under the Candere brand.
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