Tag: KalyanJewellers

Jewellery retailer Kalyan Jewellers reported a strong performance for the fourth quarter of FY26, with consolidated net profit more than doubling year-on-year to ₹410 crore. The company had posted a profit of around ₹180 crore during the same period last year.

The sharp rise in profit was driven by strong demand for gold and wedding jewellery across markets, along with continued retail expansion and improved sales performance. Revenue for the quarter also recorded healthy growth as customer demand remained strong despite high gold prices.

The company said festive purchases, wedding season demand, and growing preference for branded jewellery helped support sales during the quarter. Higher footfall in stores and better contribution from franchise operations also added to overall growth.

Kalyan Jewellers continued expanding its retail network during the financial year, opening new showrooms in India and overseas markets. The company said it remains focused on increasing its presence in tier-2 and tier-3 cities, where organised jewellery retail is seeing rising demand.

Apart from business expansion, the company also significantly increased its advertising and promotional spending during FY26. According to industry reports, Kalyan Jewellers’ advertising expenditure rose by 22% compared to the previous year. The company continued aggressive marketing campaigns featuring brand ambassadors and regional promotions to strengthen customer reach and brand visibility.

The jewellery retailer said investments in branding and customer engagement helped improve market presence and attract new buyers. Its digital campaigns and festive promotions also contributed to stronger sales momentum.

Industry analysts said organised jewellery brands continue to benefit from increasing consumer trust, transparency in pricing, and shifting preference away from unorganised retailers.

Kalyan Jewellers’ latest results reflect the broader strength seen in India’s organised jewellery sector, where major brands have reported robust growth despite fluctuations in gold prices.

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Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

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