Kalyan Jewellers Achieves 64% Revenue Growth in Q4 FY26 Driven by Strong Domestic Demand
Kalyan Jewellers posts 64% revenue growth in Q4 as India business shines
The Economic TimesImage: The Economic Times
Kalyan Jewellers reported a remarkable 64% revenue growth in Q4 FY26, primarily fueled by a 65% increase in its India operations. Despite challenges from geopolitical tensions, the company remains optimistic about future performance, particularly with the upcoming wedding season and Akshaya Tritiya.
- 01Kalyan Jewellers' consolidated revenue grew by 64% in Q4 FY26 compared to the previous year.
- 02India operations saw a revenue increase of over 65% in Q4 FY26.
- 03The company's digital platform, Candere, experienced a staggering 360% revenue growth in Q4 FY26.
- 04International operations grew by 45% in Q4 FY26, despite geopolitical challenges.
- 05The company launched 28 new showrooms in India during the quarter.
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Kalyan Jewellers, a prominent jewellery retailer in India, reported a consolidated revenue growth of approximately 64% in Q4 FY26 compared to the same quarter last year, according to a stock exchange filing. The company attributed this surge to a 65% increase in its India operations, driven by strong same-store sales growth (SSSG) across key markets, with SSSG exceeding 45% during the quarter. Despite volatile gold prices, demand for wedding and discretionary items remained robust. For the entire fiscal year FY26, the company saw a consolidated revenue increase of around 42% compared to FY25.
Internationally, Kalyan Jewellers recorded a revenue growth of about 45% in Q4 FY26, with the Middle East market contributing a 39% increase, primarily due to strong same-store sales. However, geopolitical tensions affected customer footfalls early in March, although strong sales during Ramadan helped mitigate this decline. The digital-first platform, Candere, showcased exceptional performance with a 360% revenue growth in Q4 FY26 and 160% for the full year. The company also launched 28 new showrooms in India and 14 Candere outlets during the quarter. Looking ahead, Kalyan Jewellers is optimistic about the new financial year, citing healthy footfalls and positive trends in advance collections for upcoming events.
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The strong revenue growth indicates a healthy demand for jewellery in India, which may lead to more job opportunities in retail and related sectors. Consumers can expect a wider range of products as Kalyan Jewellers expands its presence.
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