Kalyan Jewellers recorded its weakest sales expansion in four quarters as consolidated revenue climbed 31 percent year over year in the July through September quarter of fiscal year 2026. The jewelry retailer disclosed on Monday that growth fell below the 37.4 percent increase from the same period one year earlier, despite strong wedding demand and early festive season activity. India operations generated a 31 percent revenue rise in the quarter, but same-store sales advanced only 16 percent compared with faster growth previously.
The company opened 15 showrooms in India and two in the Middle East to reach 436 total stores by September 2025. Digital brand Candere achieved 127 percent revenue growth from higher store traffic and website visits. International revenue, comprising roughly 12 percent of consolidated sales, rose 17 percent as Middle East operations gained 10 percent from same-store performance. Kalyan received approval from its lead bank to release real estate collateral connected to repaid debt and resumed debt reduction aligned with current fiscal year targets.
The company opened 15 showrooms in India and two in the Middle East to reach 436 total stores by September 2025. Digital brand Candere achieved 127 percent revenue growth from higher store traffic and website visits. International revenue, comprising roughly 12 percent of consolidated sales, rose 17 percent as Middle East operations gained 10 percent from same-store performance. Kalyan received approval from its lead bank to release real estate collateral connected to repaid debt and resumed debt reduction aligned with current fiscal year targets.
