Kalyan Jewellers Reports Strong December Quarter with 39% Revenue Growth
Kalyan Jewellers has delivered an impressive performance in the December quarter, showcasing consolidated revenue growth of 39% year-on-year. The company attributes this success to robust festive and wedding demand, which drove its India operations to an even higher growth rate of 41%. With strong consumer interest in both gold and studded jewelry categories, the company also reported a healthy 24% same-store sales growth.
Expanding Presence Across India and Beyond
Kalyan Jewellers made significant strides in expanding its footprint, launching 24 new showrooms across India during the quarter. The company is optimistic about its future expansion plans, with a strong pipeline of showrooms slated for the upcoming quarter.
For FY26, Kalyan Jewellers has ambitious plans to add 170 new showrooms across its Kalyan and Candere formats:
- 75 Kalyan showrooms (all Franchisee-Owned, Company-Operated) in non-South Indian regions.
- 15 Kalyan showrooms (FOCO) in South India and international markets.
- 80 Candere showrooms across India.
In addition to its strong domestic presence, Kalyan marked its entry into the American market with the launch of its first showroom in the United States during the December quarter. This move aligns with the company’s vision to strengthen its global presence.
Middle East Growth and Digital Success
The Middle East continues to be a vital market for Kalyan Jewellers, contributing 11% to its total revenue. The region reported a 22% year-on-year revenue growth, reflecting its sustained demand for high-quality jewelry.
Kalyan’s Candere platform, a digital-first venture, has also shown exceptional performance. The platform posted an 89% year-on-year growth and expanded its presence by launching 23 new showrooms. This remarkable growth underscores the increasing importance of digital channels in the jewelry industry and Kalyan’s ability to adapt to changing consumer behaviors.
Stock Performance: A Stellar Year for Investors
Kalyan Jewellers’ growth story is also reflected in its stock performance. Over the past year, the company’s shares have soared by more than 108%, highlighting investor confidence in its business model and growth potential.
About Kalyan Jewellers
Founded in 1993 in Thrissur, Kerala, Kalyan Jewellers is one of India’s largest and most trusted jewelry brands. The company is known for its wide range of offerings, including gold, diamond, platinum, and studded jewelry. With over 160 showrooms across India and the Middle East, Kalyan has built a strong reputation for quality, craftsmanship, and transparency.
Kalyan Jewellers’ commitment to customer satisfaction is evident through its focus on traditional designs that cater to diverse regional preferences while also offering contemporary collections. The company’s hallmark initiatives, like the “My Kalyan” customer outreach program and its transparent pricing model, have helped establish a loyal customer base.
Kalyan Jewellers has also embraced sustainability and ethical practices in its operations. From sourcing conflict-free diamonds to adopting environmentally friendly production processes, the brand is committed to making a positive impact on society.
Future Outlook
Looking ahead, Kalyan Jewellers is well-positioned for sustained growth, driven by its aggressive expansion plans and increasing focus on digital transformation. The company’s entry into the American market and its strong performance in the Middle East signal its ambitions to become a global player in the jewelry industry.
Its Candere platform’s rapid growth highlights the potential for online jewelry retail, and with plans to launch more showrooms, Kalyan is capitalizing on both physical and digital channels to reach a broader audience