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Kalyan Jewellers Reports 26% Revenue Growth, Adds Showrooms
Kalyan Jewellers said its sales grew by more than 26% in the three months ending in September.
The company said growth came from India, international business, and opening more stores.
Sales from its international operations were up about 18% compared with the same quarter a year earlier.
In the Middle East, sales grew about 12%, with existing stores driving that increase.
The company had 546 showrooms on September 30, 2026.
It also opened a new regional jewellery brand in Chennai called Akshaya Thanga Maligai.
Kalyan plans to open four more showrooms for that brand through franchises in the current financial year.
It said its non-GML debt fell to zero during the quarter.
The company said it was preparing new collections and store openings for the festive and wedding season.
Kalyan Jewellers reported more than 26% consolidated revenue growth in the September quarter, supported by business growth and new showroom additions.
Revenue from international operations grew about 18% year over year; Middle East revenue rose approximately 12%, driven entirely by same-store sales growth.
The company launched 12 Kalyan showrooms in India, net of 11 closures, nine Candere showrooms in India, and one Kalyan showroom in the UK during the quarter.
As of September 30, 2026, the company had 546 showrooms across India and international markets.
Kalyan Jewellers said non-GML debt fell to zero and that it had completed the sale of one non-core property parcel for about Rs 86 crore.
- Who
- Kalyan Jewellers
- What
- Reported more than 26% consolidated revenue growth for the September quarter and outlined showroom additions and other business updates.
- Where
- India and international markets, including the Middle East, the US, and the UK.
- When
- The quarter ended in September 2026; showroom figures were as of September 30, 2026.
- Why
- The company attributed revenue growth to India, international business expansion, and new showroom additions.
Key facts
- Consolidated revenue growth
- More than 26% for the September quarter
- International revenue growth
- About 18% year over year
- Middle East revenue growth
- Approximately 12%, driven entirely by same-store sales growth
- Total showrooms
- 546 as of September 30, 2026
- Showroom breakdown
- 365 Kalyan in India; 38 in the Middle East; two in the US; two in the UK; and 138 Candere
- Non-core property sale
- One parcel sold for about Rs 86 crore; the second, valued at about Rs 16 crore, was expected to be sold during the ongoing quarter
- Non-GML debt
- Reduced to zero during the quarter
Quotes
Kalyan Jewellers
Jewellery company commenting on the launch of its regional brand, Akshaya Thanga Maligai.
“Within the Middle East specifically, we witnessed revenue growth of approximately 12% for Q2 FY2027 as compared to Q2 FY2026 driven entirely by same-store-sales-growth. International markets contributed approximately 11% to our consolidated revenue for the recently concluded quarter.”
businesstoday.in
“We are highly encouraged by the way the brand has been received and the strong revenue traction over the first 40 plus days of operation with the biggest season for Tamil Nadu slated to start from the 11th of October”
businesstoday.in
Sources
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