Kalyan Jewellers Q1 FY27 Revenue Up 38% YoY
Kalyan Jewellers India Ltd reported a strong Q1 FY27 with consolidated revenue growth of approximately 38% year-on-year. India operations saw revenue growth exceeding 38%, driven by healthy same-store-sales-growth of around 28%, despite the Adhik Maas period impacting wedding demand. The company's gold recirculation campaign increased recycled gold's share to over 46% of revenue. International operations grew revenue by approximately 35%, with Middle East contributing significantly. Candere, the digital platform, experienced a remarkable 112% revenue growth. The company also expanded its retail footprint by launching 12 Kalyan and 5 Candere showrooms in India during the quarter. As of June 30, 2026, the total showroom count reached 524.
Key Highlights
- Consolidated revenue grew approximately 38% YoY in Q1 FY27.
- India operations revenue increased over 38% with 28% same-store-sales-growth.
- Recycled gold share rose to over 46% of revenue.
- International operations revenue grew approximately 35% YoY.
- Candere platform revenue surged by 112% YoY.
Price Impact
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