Retail listed jewellery firm Kalyan Jewellers recorded consolidated revenue growth of approximately 31 per cent in the first quarter of FY26 when compared to the same period in the previous financial year, despite multiple pauses in demand during the quarter, majorly due to volatility in gold prices and geopolitical tensions.
The company’s operations witnessed revenue growth of approximately 31per cent during Q1 FY2026 as compared to Q1 FY2025, driven primarily by robust Akshaya Tritiya and wedding demand. The quarter recorded same-store-sales-growth of approximately 18 per cent.
The international operations of Kalyan Jewellers recorded a revenue growth of approximately 31 per cent when compared to the same period during the previous financial year. In the Middle East, the company witnessed revenue growth of approximately 26 per cent for Q1 FY2026 as compared to Q1 FY2025, driven predominantly by same-store-sales-growth. International markets contributed approximately 15 per cent to our consolidated revenue for the recently concluded quarter.
Its digital-first jewellery platform, Candere, recorded a revenue growth of approximately 67 per cent during the recently concluded quarter as compared to the same period last year. Candere launched its brand campaign during the second half of May 2025. “We are encouraged by the significant improvement in showroom footfalls, web traffic and revenue growth for the period post the launch of the brand campaign when compared to the corresponding period in the previous year,” said a media release issued by the company.
During the recently concluded quarter, the jeweller launched 10 Kalyan showrooms in India, 1 Kalyan showroom in the US and 8 Candere showrooms in India.
The ongoing quarter has started well, and Kalyan Jewellers is upbeat about the upcoming new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country. The company plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India (including 5 larger-format flagship Kalyan showrooms), 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India.
As of June 30, 2025, its total number of showrooms across India and the Middle East stood at 406 (Kalyan India – 287, Kalyan Middle East – 36, Kalyan USA – 2, Candere – 81).
