Mumbai: Kalyan Jewellers reported consolidated revenue growth of over 26 per cent in the September quarter of FY2027, supported by strong Indian operations and faster growth at its lifestyle jewellery brand Candere.
In a stock exchange update dated October 7, the company said demand remained healthy across key markets. Its Indian business recorded revenue growth of approximately 27 per cent compared with the same quarter last year.
India Sales Stay Strong
Sales at existing stores in India grew approximately 20 per cent during the quarter ended September 30, 2026.
The performance came despite a strong comparison base, as all nine days of Navratri fell within the September quarter last year. Kalyan said operating momentum remained robust across its key domestic markets.
Candere Leads Growth
Candere reported revenue growth of approximately 64 per cent over the corresponding quarter last year.
International operations grew approximately 18 per cent and contributed around 11 per cent of consolidated revenue. Within the Middle East, revenue increased approximately 12 per cent, driven entirely by growth at existing stores.
Regional Brand Expands
Kalyan launched its first regional brand, Akshaya Thanga Maligai, in Chennai in August. The company said customer response and revenue traction during its first 40-plus days were encouraging.
It plans four additional franchise showrooms under the brand this financial year, with two scheduled for the current quarter and two for the fourth quarter.
During the September quarter, Kalyan opened 12 showrooms in India, a net addition of 11, alongside nine Candere outlets and one Kalyan showroom in the UK.
The company reported a total network of 546 showrooms as of September 30.
Property Sale Supports Finances
Kalyan completed the sale of a non-core property worth approximately Rs 86 crore. Another property, valued at around Rs 16 crore, is expected to be sold during the current quarter.
Debt excluding gold metal loans fell to zero. The company remains upbeat about festive and wedding demand across its domestic markets.
The figures exclude bullion sales and remain subject to statutory auditors’ limited review.
