Kalyan Jewellers India Limited reported strong growth in revenue and profitability for FY26, helped by sustained wedding demand, festive buying and steady momentum across domestic and international markets.
The company recorded consolidated revenue of Rs 35,743 crore in FY26 compared with Rs 25,045 crore in the previous financial year, registering growth of 43%.
Consolidated PAT for FY26 stood at Rs 1,350 crore against Rs 714 crore in the previous year, marking growth of 86%.
For the March quarter, consolidated revenue came in at Rs 10,275 crore while PAT stood at Rs 410 crore, reflecting growth of 66% and 118% respectively.
India operations remained the biggest contributor to overall business performance during the quarter. Standalone revenue for Q4 FY26 rose to Rs 8,994 crore, while standalone PAT reached Rs 366 crore, recording growth of 68% and 97% respectively.
The company’s international business also posted healthy growth during the quarter. Revenue from overseas operations increased to Rs 1,157 crore in Q4 FY26 from Rs 807 crore in Q4 FY25, a growth of over 43%.
International operations reported PAT of Rs 29 crore for the quarter compared with Rs 14 crore in the corresponding period of the previous year, registering growth of 105%.
Candere, the company’s lifestyle jewellery platform, recorded revenue of 131 Crs and profit of 3 Crs during Q4 FY26.
The company said demand trends remained encouraging through the start of the current financial year, particularly around wedding purchases and festive sales.
Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We ended the previous financial year on a very strong and have carried the momentum into the ongoing financial year. We witnessed strong growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”
Headquartered in Thrissur, Kerala, Kalyan Jewellers currently operates 507 showrooms across India, UK, USA and the Middle East, with a retail area exceeding 12,00,000 sq. ft.
Market Research Outlook Analysis
Kalyan Jewellers’ FY26 performance points to the continued resilience of India’s organised jewellery retail market even at a time of elevated gold prices and cautious discretionary spending in several consumer categories. Wedding-led purchases, festive buying cycles and growing preference for trusted branded retailers continue to support demand across the sector.
The sharp rise in profitability alongside expansion across domestic and overseas markets also shows how larger jewellery retailers are gaining stronger operating leverage and market share. Organised players are increasingly investing in scale, showroom expansion, premium collections and omnichannel platforms as competition intensifies across India’s jewellery market.
Growth in international operations and platforms such as Candere further signals a wider shift in strategy across the sector. Jewellery retailers are no longer relying only on traditional store-led growth. Digital-first formats, lifestyle positioning, younger consumers and GCC-focused expansion are becoming increasingly important growth drivers.
The sector is steadily moving toward greater formalisation, premiumisation and global expansion, with larger organised brands expected to strengthen their position further over the coming years.
Source: Kalyan Jewellers India Limited
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