07-07-2025
Kalyan Jewellers shares drop 2% on Q1 business updates
Kalyan Jewellers shares dipped around 2% in Monday's trade, even as the company reported a robust 31% year-on-year growth in consolidated revenue for Q1FY26. As of 9:22 AM, the shares were trading 1.07% lower at Rs 579.40.
India remained the primary growth engine, with a 31% YoY rise in revenue, driven by strong Akshaya Tritiya and wedding season demand. Same-store sales in India were up 18% for the quarter. The international segment also maintained similar momentum, recording a 31% YoY increase, with the Middle East markets contributing a 26% revenue jump, thanks to improved same-store performance. The global markets accounted for 15% of total revenue.
Kalyan's digital-first brand Candere posted an impressive 67% YoY revenue growth, aided by a new marketing campaign launched in May that boosted footfall, traffic, and sales.
The company expanded its footprint by opening 10 new Kalyan showrooms in India, one in the U.S., and eight new Candere outlets across India during the quarter. As of June-end, Kalyan operated 406 stores worldwide.
Looking ahead, the company plans to open 170 new showrooms across its brands in FY26, with a focus on scaling in non-south Indian markets and overseas.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
