Kalyan Jewellers posts 64% revenue growth in Q4 as India business shines

Kolkata: Kalyan Jewellers reported a consolidated revenue growth of around 64% in Q4 FY26 compared with the same quarter last year, the company said in a stock exchange filing. For the full year FY26, consolidated revenue rose approximately 42% over FY25.

India operations saw revenue growth of over 65% in Q4 FY26, driven primarily by strong same-store sales growth (SSSG) across key markets. Both wedding and discretionary demand remained robust despite volatile gold prices, with SSSG exceeding 45% during the quarter. For the full year, the India business posted revenue growth of around 43%.

The company’s international operations recorded revenue growth of about 45% in Q4 FY26. In the Middle East, revenue grew approximately 39%, largely led by strong same-store sales growth.

However, geopolitical tensions in the region impacted customer footfalls during the first three weeks of March, even though stores remained open. Strong Ramadan sales in the final 10 days helped offset the decline.

For the full year FY26, the international business reported revenue growth of around 33% and contributed about 11% to consolidated revenue in the March quarter.

Kalyan Jewellers’ digital-first platform, Candere, recorded revenue growth of over 360% in Q4 FY26 and about 160% for the full year. During the quarter, the company launched 28 (net 24) Kalyan showrooms in India and 14 Candere outlets.

The ongoing geopolitical situation in West Asia also caused supply-side disruptions in building materials, impacting some showroom launches planned for March.

The company said the new financial year has started on a strong note, with healthy footfalls across markets. It remains optimistic about the ongoing quarter, citing encouraging trends in advance collections for Akshaya Tritiya and the upcoming wedding season.