Kalyan Jewellers Q1 Revenue Rises 45.7% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Submission of Unaudited Financial Results (Standalone and Consolidated) and Limited Review Report

Audit Opinion:

Clean. The statutory auditors, M/s. Walker Chandiok & Co LLP, Chartered Accountants, issued a limited review report stating: "Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Auditor’s Comment:

No qualifications or modifications affecting earnings quality, internal controls, or going concern were noted in the review report.

Key Financial Highlights [Rs. in Millions]

Standalone Results:

| Revenue from Operations | 86,812.45 | 98,600.06 | 59,578.02 |

| Total Income | 87,369.83 | 99,061.64 | 60,043.45 |

| Total Expenses | 83,082.50 | 98,600.06 | 61,422.40 |

| Profit before exceptional items and tax | 4,287.33 | 461.58 | (1,378.95) |

| Exceptional item | 4,320.93 | - | - |

| Profit before tax | 8,608.26 | 461.58 | (1,378.95) |

| Tax expense | 5,395.02 | - | - |

| Net Profit | 3,213.24 | 461.58 | (1,378.95) |

| EPS (Rs.) (not annualised) | 3.11 | 0.45 | (1.34) |

Consolidated Results:

| Revenue from Operations | 105,889.27 | 102,749.42 | 72,684.75 |

| Total Income | 106,446.65 | 103,211.02 | 73,147.43 |

| Total Expenses | 101,798.49 | 97,822.83 | 69,617.72 |

| Profit before exceptional items and tax | 4,648.17 | 5,388.19 | 3,529.71 |

| Exceptional item | - | - | - |

| Profit before tax | 4,648.17 | 5,388.19 | 3,529.71 |

| Tax expense | 1,161.52 | 1,293.16 | 888.87 |

| Net Profit | 3,486.65 | 4,095.03 | 2,640.94 |

| EPS (Rs.) (not annualised) | 3.38 | 3.97 | 2.56 |

Material Improvement/Deterioration:

Standalone revenue showed a significant 45.7% YoY increase from Q1 FY26. Consolidated revenue grew by 45.7% YoY. Both standalone and consolidated operations shifted from a loss to a profit position compared to the previous year's quarter.

Segment-wise Performance:

The Chief Operating Decision Maker (CODM) examines performance from the perspective of the Company/Group as a whole, viz. 'jewellery business'. Hence, there are no separate reportable segments as per Ind AS 108.

Corporate Actions:

Not Specified

Other Significant Information:

Exceptional Items: The standalone results include an exceptional item of ₹4,320.93 million related to a one-time increase in provision for employee benefits due to the implementation of the New Labour Codes. This was recognized in the previous year (FY26).
Subsidiaries: The consolidated results include 13 subsidiaries. The review report notes that nine subsidiaries (reflecting total revenues of ₹15,193.05 million) were reviewed by other auditors, and two subsidiaries (with nil revenue and a net loss of ₹15.96 million) were unreviewed but deemed immaterial to the Group.
Advertisement Expense: Standalone other expenses include advertisement expense of ₹865.36 million and commission and rebates of ₹240.08 million for the quarter. Consolidated other expenses include advertisement expense of ₹1,168.73 million.
New Subsidiary: KJG Brands Private Limited, India became a subsidiary with effect from 17 February 2026.