| Revenue growth | FY26 revenue up 43% YoY to ₹35,740 crore. |
|---|---|
| Margins | Gross margins declining due to franchise mix and regional variations. |
| Demand visibility | Strong Q1 FY27 start fueled by wedding demand and Akshaya Tritiya. |
| Management confidence | Highly optimistic, emphasizing successful franchise pivot and debt reduction. |
Growth
Revenue grew 66% in Q4; Candere turned PAT positive and grew 160% in FY26. Growth is high-quality but volume-sensitive.
Outlook
Opening 150 showrooms in FY27 and eliminating non-GML debt in India by H1 FY27.
Risks
Structurally lower gross margins due to franchise pivot and potential demand moderation after an exceptional year.
Earnings Call filed with NSE, NSE: KALYANKJIL. Summary written with AI assistance from the document.
Kalyan Jewellers India Ltd: key numbers
- Share price
- ₹573.00
- Market cap
- ₹59,177 Cr
- Revenue (annual)
- ₹35,743 Cr
- Net profit (annual)
- ₹1,350 Cr
- P/E (TTM)
- 41.2×Sector 55.7×
- Promoter holding
- 62.86%-0.01% QoQ
- FII holding
- 10.82%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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