Kalyan Jewellers Q1 FY26 Earnings Out: Net Profit Rises 48.6% to ₹264 Crore

Kalyan Jewellers India Ltd, a leading jewellery retailer based in Thrissur, posted impressive first-quarter results for FY26. The company’s net profit rose sharply by 48.6% year-on-year (YoY) to ₹264 crore for the quarter ending June 30, 2025. This is a significant jump from ₹177.7 crore reported in the same period last year.

Revenue Surges Over 31%

The company's revenue from operations surged by 31.5% YoY, reaching ₹7,268.4 crore compared to ₹5,527.8 crore in the corresponding quarter of the previous fiscal. This growth reflects strong demand and effective sales strategies across both domestic and international markets.

Operating Profit and Margin Improvement

At the operating level, Kalyan Jewellers saw a robust 89.3% increase in EBITDA, which stood at ₹508 crore for Q1 FY26, up from ₹268.3 crore in the previous year's quarter. The EBITDA margin also improved slightly to 7% compared to 6.7% in the same period last year, highlighting better operational efficiency.

International Operations Perform Well

The company’s international segment showed healthy growth, too. Revenue from international markets rose by 32% to ₹1,070 crore. Specifically, the Middle East operations delivered revenue of ₹1,026 crore, a 27% increase YoY. Profit after tax from this region also grew by 18%, reaching ₹22 crore.

Kalyan Jewellers’ lifestyle jewellery brand, Candere, contributed ₹66 crore in revenue but reported a net loss of ₹10 crore for the quarter. This is part of the company’s broader strategy to build its presence in the lifestyle jewellery market.

Read more: Titan Q1 FY26 Earnings Results Out: Watches & Wearables Division Reports 24% YoY Revenue Growth!

Conclusion

Kalyan Jewellers delivered notable growth in Q1 FY26 with a major increase in profit and revenue, driven by both domestic and international markets. However, challenges such as gold price volatility and losses in the lifestyle jewellery segment highlight the need for cautious optimism. Investors should stay informed and consider market risks while managing their investments through a Demat account.

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