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Earnings Call

Kalyan Jewellers India Earnings Call: Key Takeaways

Kalyan Jewellers delivered exceptional Q4 and FY26 results, driven by strong same-store sales growth (SSSG) and aggressive expansion. Consolidated FY26 revenue exceeded ₹35,700cr with PAT at ₹1,350cr.

Why this was an Alfa AlertNot a filter event. Performance was strong but management stated they achieved/maintained guided ranges rather than beating them by >5%.
Highlights
Revenue growthFY26 consolidated revenue up 43% YoY to ₹35,740cr.
MarginsPBT margins in India stabilized around 5.5-5.6%.
Demand visibilityStrong wedding purchase momentum continues despite high gold prices.
Management confidenceHigh, citing 'fantastic' Q4 momentum and strong Akshaya Tritiya start.

Growth

Q4 consolidated revenue grew 66% YoY; PAT up 118%. FY26 revenue grew 43% and PAT rose 89%.

Outlook

Plans to open 150 showrooms in FY27; aim to be non-GML debt-free in India within the year.

Risks

Gold price volatility impacting customer volume; competitive intensity from digital-only players; near-term slowdown during Adhik-Maas.

Source

Earnings Call filed with NSE, NSE: KALYANKJIL. Summary written with AI assistance from the document.

Read 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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