Mumbai – Kalyan Jewellers reported its slowest sales growth in four quarters, with consolidated revenue up 31 % year‑on‑year in the July‑September quarter (Q2 FY26). The rise fell below the 37.4 % growth seen in the same period last year, even though the company rode a strong wedding demand and an early festive season boost.
India operations grew 31 % in revenue, while same‑store sales rose 16 %. Both figures were lower than the year‑ago period. International revenue, which makes up about 12 % of consolidated sales, jumped 17 %, with the Middle East segment up 10 % thanks entirely to same‑store performance.
Navratri sales, not included in last year’s base quarter, helped cushion the impact of a higher base created by last year’s customs duty reduction.
Kalyan’s digital‑first brand Candere saw an impressive 127 % jump in revenue, driven by higher showroom footfalls and increased website traffic.
During the quarter the company added 15 new showrooms in India, two in the Middle East, and 15 Candere outlets, bringing its total store count to 436 – about 300 of which are in India.
The firm also announced that its lead bank had approved the release of real estate collateral tied to repaid debt. “We have resumed the next round of debt reduction in line with the target already set for the current financial year,” it added in its quarterly business update.
Source: ianslive
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