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Updated: July 07, 2025 08:12
Gold Rush Reloaded: Kalyan Jewellers Sparkles Across Continents in Q1 FY26
1. Home Sparkle: India Expansion Plans in Full Swing
Strategic Expansion Kalyan Jewellers India Ltd announced an aggressive expansion plan, which coincides with the coming festive and wedding season. The firm will launch over 130 new showrooms during FY26, including:
40 new India showrooms for Kalyan
30 Candere stores in its online-led jewelry brand
A milestone arrival in the United States for Diwali
This growth follows the 24 showrooms previously opened in Q1 FY26, and 277 showrooms in total worldwide.
Festival Readiness The company is gearing up for the festive season with festive promotions and new collections, starting with Onam, to leverage festive demand and enhance consumer engagement.
2. Global Glimmer: International Operations Deliver Solid Growth
Performance Pulse Kalyan's international business, particularly in the Middle East, has seen a robust 16 percent quarter-on-quarter revenue growth in Q1 FY26. This was driven by:
Strong same-store sales growth
Long-term brand association with the Indian diaspora
Strategic positioning in high-potential markets
Today, the Middle East contributes around 15 percent to the company's consolidated revenues.
3. Financial Brilliance: Q1 FY26 Revenue Soars
Growth Highlights For Q1 FY26, Kalyan Jewellers reported a consolidated revenue growth of about 27 percent year-on-year. Segment-wise performance is as under:
Operations in India increased 29 percent, driven by a 12 percent increase in same-store sales
Candere reported a 13 percent revenue growth and is looking to grow more.
The company has rebranded Candere as a fully owned subsidiary, further strengthening its online focus
This performance comes amidst gold price volatility, reflecting operational stability and consumer confidence.
4. Strategic Outlook: Creating a Global Legacy Vision in Action With a footprint in India, the Middle East, and soon the US, Kalyan Jewellers is fast becoming an international Indian brand. The asset-light FOCO (Franchisee-Owned Company-Operated) model for the business continues to drive cost-effective growth.
Investor Confidence
The stock has given multibagger returns in the last two years, indicating strong investor belief in the growth narrative and_brand governance.
Sources: Business Today, Economic Times, Financial Express, Business Standard, Kalyan Jewellers Investor Reports and Press Releases.
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