Kalyan Jewellers India Limited submitted a quarterly update for Q1 FY2027 (quarter ended June 30, 2026) to the National Stock Exchange of India Limited and BSE Limited under regulatory compliance requirements.

The company reported consolidated revenue growth of approximately 38% year-over-year for Q1 FY2027 compared to the same period in the previous financial year.

India Operations Performance

  • India operations recorded revenue growth in excess of 38% for Q1 FY2027 compared to Q1 FY2026
  • Achieved same-store-sales-growth of approximately 28% across all key markets
  • Growth occurred despite the 28-day Adhik Maas period (a once in 3-year phenomenon affecting wedding demand) falling fully within the quarter

Gold Recirculation Initiative

  • Launched 'Shine with India' gold recirculation campaign during the second half of May 2026
  • Objective: Increase share of recycled gold and reduce dependence on imported gold
  • Recycled gold share reached over 46% of revenue during Q1 FY2027
  • For June 2026 specifically, recycled gold share exceeded 55% of revenue

International Operations Performance

  • International operations recorded approximately 35% revenue growth for Q1 FY2027 compared to Q1 FY2026
  • Middle East operations specifically grew approximately 30%, driven by same-store-sales-growth
  • Middle East growth achieved despite footfall impact in April 2026 due to geopolitical tensions in the region
  • International markets contributed approximately 14% to consolidated revenue

Digital Platform Performance

  • Candere digital-first jewellery platform recorded approximately 112% revenue growth during Q1 FY2027 compared to same period last year

Expansion Activities

  • Launched 12 Kalyan showrooms and 5 Candere showrooms in India during the quarter
  • Total showroom count as of June 30, 2026: 524 showrooms across all markets
  • Kalyan India: 354 showrooms
  • Kalyan Middle East: 38 showrooms
  • Kalyan USA: 2 showrooms
  • Kalyan UK: 1 showroom
  • Candere: 129 showrooms

Outlook and Qualifications

  • The ongoing quarter has started off well according to management
  • Company is preparing for upcoming festive and wedding season with new showroom launches, fresh collections, and campaigns
  • All metrics and details provided are subject to Limited Review process by Statutory Auditors
  • Detailed information update will follow after board of directors approves results for quarter ended June 30, 2026
  • Revenue figures refer to revenue from sale of goods (excluding bullion)