ALFA Finder
The call ran from 8:31 AM to 9:01 AM IST (30 min).
Key takeaways
Festive-led Q2: reported PAT ₹427 Cr vs adjusted ₹333 Cr, so one-offs (customs duty, bullion gains) lift profit. Management is upbeat but gives no numeric Q3 guidance and withholds ATM metrics.
| Revenue growth | H1 revenue ₹20,912 Cr, +38% YoY; Q2 consolidated revenue ₹10,323 Cr. |
|---|---|
| Margins | Reported PBT margin stable ex one-offs; H2 margin expected above H1. |
| Demand visibility | Festive and wedding demand strong; Q3 trending better than estimates, no numbers. |
| Management confidence | Upbeat and confident; deflects on ATM metrics and numeric guidance. |
Growth
Consolidated revenue ₹10,323 Cr (adjusted ₹9,943 Cr). Reported EBITDA ₹644 Cr vs ₹497 Cr; India PAT up 62% YoY.
Outlook
Four showrooms FY27 (two Q3, two Q4). H2 PBT margin seen above H1. 25% revenue growth target reiterated.
Risks
Reported profit inflated by customs-duty and bullion gains (adjusted PAT ₹333 Cr). Gold-price-driven volume uncertainty; ATM metrics withheld.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Kalyan Jewellers India Q2 FY27 Results: Net Profit ₹427.1 Cr, Up 64.0% YoY
Kalyan Jewellers India Ltd reported revenue from operations of ₹10,323 Cr (+31.4% YoY) and net profit of ₹427.1 Cr (+64.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹427.1 Cr · +64.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 80 new Kalyan and 50 Candere showrooms in FY27.
Growth they described
Revenue grew 38% to ₹10,008 crore; PAT increased 32% to ₹349 crore.
Call details
| Company | Kalyan Jewellers India Ltd |
|---|---|
| NSE symbol | KALYANKJIL |
| ISIN | INE303R01014 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 11 November 2026 |
| Time | 8:30 AM IST |
| Length | 30 min |
| Audio | Our stream on YouTube ↗ |
Kalyan Jewellers India Ltd: key numbers
- Share price
- ₹663.75
- Market cap
- ₹68,549 Cr
- Revenue (annual)
- ₹35,743 Cr
- Net profit (annual)
- ₹1,350 Cr
- P/E (TTM)
- 42.8×Sector 48.4×
- Promoter holding
- 62.85%-0.01% QoQ
- FII holding
- 13.83%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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