While declaring its quarterly business results, the company has cited robust Akshaya Tritiya and wedding demand as factors leading to this growth
Thrissur: According to a regulatory update for the quarter ended June 30, 2025 (Q1 FY2026) filed by Kalyan Jewellers, the company has witnessed a consolidated revenue growth of approximately 31% 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.
Kalyan Jewellers’India operations witnessed revenue growth of about 31% during Q1 FY2026 as compared to Q1 FY2025, driven primarily by robust Akshaya Tritiya and wedding demand. The quarter recorded healthy same-store-sales-growth of approximately 18%.
The company’s international operations too recorded revenue growth of approximately 31% when compared to the same period during the previous financial year. In the Middle East, it witnessed revenue growth of approximately 26% for Q1 FY2026 as compared to Q1 FY2025, driven predominantly by same-store-sales-growth. International markets contributed approximately 15% to Kalyan Jewellers’ consolidated revenue for the recently concluded quarter.
Its digital-first jewellery platform, Candere, recorded a revenue growth of approximately 67% during the recently concluded quarter as compared to the same period during the 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,” the company said in its Q1 report.
During the recently concluded quarter, the company launched 10 Kalyan Jewellers showrooms in India, one Kalyan Jewellers showroom in the US and eightCandere showrooms in India. During FY 2026, Kalyan Jewellers 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 announced by it earlier.
As of June 30, 2025, the total number of Kalyan Jewellers showrooms across India and the Middle East stood at 406 (Kalyan India – 287, Kalyan Middle East – 36, Kalyan USA – 2, Candere – 81).
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