Kalyan Jewellers Q2 FY2027 Net Profit Rises 58%

Nature of the Event

Regulatory filing of Unaudited Financial Results (standalone and consolidated) for the quarter and half-year ended September 30, 2026, approved by the Board of Directors of Kalyan Jewellers India Limited at their meeting held on November 10, 2026. The meeting commenced at 4:00 p.m. and concluded at 5:00 p.m. The results were submitted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures - Standalone (Quarter ended 30 September 2026)

Revenue from operations: ₹90,072.29 million
Other income: ₹821.19 million
Total income: ₹90,893.48 million
Total expenses: ₹86,065.70 million
Profit before exceptional items and tax: ₹4,827.78 million
Exceptional item (gain from land sale): ₹734.64 million
Profit before tax: ₹5,562.42 million
Tax expense: ₹1,322.22 million (Current tax: ₹1,123.56 million, Deferred tax: ₹198.66 million)
Profit after tax: ₹4,240.20 million
Other comprehensive income/(loss), net of tax: (₹66.03) million
Total comprehensive income: ₹4,174.17 million
Paid-up equity share capital: ₹10,327.51 million
Earnings per share (basic): ₹4.11
Earnings per share (diluted): ₹4.11

Key Quantitative Figures - Standalone (Half-year ended 30 September 2026)

Revenue from operations: ₹180,327.52 million
Other income: ₹1,543.47 million
Total income: ₹181,870.99 million
Total expenses: ₹172,722.28 million
Profit before exceptional items and tax: ₹9,148.71 million
Exceptional item: ₹734.64 million
Profit before tax: ₹9,883.35 million
Tax expense: ₹2,429.91 million (Current tax: ₹1,568.13 million, Deferred tax: ₹861.78 million)
Profit after tax: ₹7,453.44 million
Other comprehensive income/(loss), net of tax: (₹678.31) million
Total comprehensive income: ₹6,775.13 million
Earnings per share (basic): ₹7.22
Earnings per share (diluted): ₹7.22

Key Quantitative Figures - Consolidated (Quarter ended 30 September 2026)

Revenue from operations: ₹103,226.16 million
Other income: ₹780.38 million
Total income: ₹104,006.54 million
Total expenses: ₹99,140.40 million
Profit before exceptional items and tax: ₹4,866.14 million
Exceptional item: ₹734.64 million
Profit before tax: ₹5,600.78 million
Tax expense: ₹1,329.83 million (Current tax: ₹1,154.86 million, Deferred tax: ₹174.97 million)
Profit after tax: ₹4,270.95 million
Other comprehensive income/(loss), net of tax: ₹97.79 million
Total comprehensive income: ₹4,368.74 million
Earnings per share (basic): ₹4.14
Earnings per share (diluted): ₹4.13

Key Quantitative Figures - Consolidated (Half-year ended 30 September 2026)

Revenue from operations: ₹209,115.43 million
Other income: ₹1,337.76 million
Total income: ₹210,453.19 million
Total expenses: ₹200,938.88 million
Profit before exceptional items and tax: ₹9,514.31 million
Exceptional item: ₹734.64 million
Profit before tax: ₹10,248.95 million
Tax expense: ₹2,491.35 million (Current tax: ₹1,646.22 million, Deferred tax: ₹845.13 million)
Profit after tax: ₹7,757.60 million
Other comprehensive income/(loss), net of tax: (₹500.88) million
Total comprehensive income: ₹7,256.72 million
Earnings per share (basic): ₹7.51
Earnings per share (diluted): ₹7.51

Balance Sheet Highlights (Standalone as at 30 September 2026)

Total assets: ₹175,867.37 million
Inventories: ₹103,580.70 million
Trade receivables: ₹11,994.16 million
Cash and cash equivalents: ₹2,399.82 million
Total equity: ₹64,014.26 million
Metal gold loan: ₹11,980.50 million
Trade payables: ₹28,501.06 million (Micro/small enterprises: ₹3,211.11 million, Others: ₹25,289.95 million)

Cash Flow Highlights (Standalone half-year ended 30 September 2026)

Net cash from operating activities: ₹10,175.46 million
Net cash used in investing activities: (₹1,721.67) million
Net cash used in financing activities: (₹8,083.59) million
Net increase in cash and cash equivalents: ₹370.20 million

Explanatory Notes

Exceptional Items: The Company sold part of its investment property (land) during the quarter, resulting in a gain of ₹734.64 million, classified as exceptional due to its non-recurring nature.
Assets Held-for-Sale: The Board approved the prospective sale of a freehold land parcel with carrying value of ₹76.04 million, reclassified from property, plant and equipment to 'Assets held-for-sale' as per Ind AS 105.
Segment Reporting: The CODM examines performance from the perspective of the jewellery business as a whole, with no separate reportable segments as per Ind AS 108.
Other Expenses: Advertisement expense was ₹858.41 million for the quarter and ₹1,723.77 million for the half-year. Commission and rebates were ₹323.47 million for the quarter and ₹563.55 million for the half-year.
Labour Code Impact: The New Labour Codes resulted in a one-time increase in employee benefit provisions of ₹415.02 million recognized in the previous year (FY2026).

Subsidiaries Included in Consolidated Results

The consolidated results include Kalyan Jewellers FZE (UAE), Kalyan Jewellers LLC (UAE), Kalyan Jewellers Procurement LLC (UAE), Kenouz Al Sharq Gold Ind. LLC (UAE), Kalyan Jewellers SPC (Oman), Kalyan Jewellers Procurement SPC (Oman), Kalyan Jewelers for Golden Jewelries W.L.L. (Kuwait), Kalyan Jewellers W.L.L. (Qatar), Kalyan Jewelers, Inc. (USA), Candere Lifestyle Jewellery Private Limited (India), Kalyan Gold and Diamond Jewellery Limited (UK), KJG Brands Private Limited (India), and Kalyan Jewellers Foundation (India).

Auditor Review

The financial results were reviewed by the statutory auditors M/s Walker Chandiok & Co LLP, Chartered Accountants, who issued a limited review report stating that nothing came to their attention suggesting material misstatement or non-compliance with disclosure requirements.

Availability of Results

The results are available on the BSE Limited website (www.bseindia.com/corporates), the National Stock Exchange of India Limited website (www.nseindia.com/corporates), and the Company's website.