Kalyan Jewellers gains after Q2 revenue jumps over 26% YoY; SSSG hits 20%

Kalyan Jewellers India added 2.28% to Rs 566.35 after the jewellery retailer reported consolidated revenue growth of more than 26% year-on-year (YoY) in Q2 FY27, supported by strong operating momentum across its key markets.

Revenue from the company's India operations grew approximately 27% YoY during the quarter, with same-store sales growth (SSSG) of around 20%, despite a high base in the year-ago period due to strong Navratri sales.

The company said its international operations recorded approximately 18% revenue growth during the quarter. Revenue from the Middle East business rose around 12%, driven entirely by same-store sales growth. International markets contributed approximately 11% to consolidated revenue.

The company's lifestyle jewellery brand Candere reported approximately 64% revenue growth during Q2 FY27 compared with the corresponding period last year.

During the quarter, Kalyan Jewellers launched 12 showrooms in India, taking the net addition to 11, along with nine Candere stores in India and one Kalyan showroom in the UK.

The company also launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai in August. Kalyan Jewellers said the brand has received encouraging customer response and recorded strong revenue traction in its first 40-plus days of operations. It plans to open four more ATM showrooms under the franchise model during the current financial year.

During the recently concluded quarter the company completed the sale of one of the two identified parcels of non-core real estate assets, held for sale, with value of approximately Rs 86 crore. It expects to complete the sale of the second one valued at approximately Rs 16 crore during the ongoing quarter. The quarter also saw non-GML debt coming down to zero.

The company said it remains optimistic about the upcoming festive and wedding season and is preparing for the period with new collections, marketing campaigns and showroom launches.

As of 30 September 2026, the company had 546 showrooms across India and international markets, including 365 Kalyan India stores, 38 Kalyan Middle East stores, two each in the US and UK, and 138 Candere stores.

Kalyan Jewellers India is a leading international retail jewellery chain, into the manufacture and retailing of primarily gold and precious stone studded jewelleries.

The company reported a 32.02% increase in consolidated net profit to Rs 348.66 crore on a 45.68% rise in revenue from operations to Rs 10,588.92 crore in Q1 FY27 compared with Q1 FY26.

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