The company released its business update on Wednesday, announcing that its India operations recorded a revenue growth of nearly 27% year-on-year in Q2 FY27, led by robust operating momentum with healthy same-store-sales-growth across all of its key markets. The 26% growth over Q2 FY26 comes despite the high base following strong Navratri sales last year during the second quarter as all nine days of Navratri were part of it.
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Kalyan Jewellers sees 20% same-store-sales growth in Q2
Kalyan Jewellers recorded same-store-sales-growth of approximately 20% in the second quarter. The company in its provisional business update added that during the quarter, it launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai. “We are highly encouraged by the way the brand has been received and the strong revenue traction over the first 40 plus days of operation with the biggest season for Tamil Nadu slated to start from October 11,” it further said.
The jeweller has now drawn up plans for the launch of the next four showrooms under the franchised model over the course of the current financial year, with two showrooms likely to open during the ongoing third quarter and two during the fourth quarter.
Kalyan Jewellers’ Q2 international revenue grows 18%
Kalyan Jewellers said its international operations recorded revenue growth of around 18% YoY in Q2 FY27. Within the Middle East specifically, the company witnessed revenue growth of approximately 12% during the quarter despite tensions, driven entirely by same-store-sales-growth. International markets contributed nearly 11% to the company’s consolidated revenue for the recently concluded quarter.
Its lifestyle jewellery brand, Candere, recorded a revenue growth of nearly 64% during the second quarter as compared to the same period during the last year. It launched 12 Kalyan showrooms in India (net 11) , 9 Candere showrooms in India and 1 Kalyan showroom in the UK during the quarter which ended on September 30, 2026.During the second quarter, Kalyan Jewellers completed the sale of one of the two identified parcels of non-core real estate assets, held for sale, with value of approximately Rs 86 crore. It expects to complete the sale of the second one valued at approximately Rs 16 crore during the ongoing third quarter. The quarter also saw non-GML debt coming down to zero, it added.
“We are upbeat about the upcoming festive and wedding season across the country and are fully ready with fresh collections, campaigns and new showroom launches,” the company said in its provisional business update for Q2 FY27.
Kalyan Jewellers share price
Kalyan Jewellers India shares have fallen nearly 1% in the past one week and more than 7% in one month, but the stock overall has gained over 13% in 2026 so far and 12% in a year.
In the longer term, the company’s shares have delivered multibagger returns of more than 112% in three years and 586% in five years. The company has a market capitalisation of more than Rs 56,610 crore.
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
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