Kalyan Jewellers India (KALYANKJIL) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue for Q1 FY27 reached ₹105,889.27 million, up 46% year-over-year, with PAT rising 32% to ₹3,486.65 million.

• Growth was driven by robust same-store sales, network expansion, and a capital-light franchise model.

• The Board approved unaudited standalone and consolidated results, with no material misstatements identified by auditors.

• Launched 'Shine with India' gold recirculation campaign, increasing recycled gold share to over 46% in Q1 and above 55% in June.

• Introduced new regional brand Akshaya Thanga Maligai (ATM) targeting Tamil Nadu.

Financial highlights

• Q1 FY27 consolidated revenue: ₹105,889.27 million (up from ₹72,684.75 million YoY); PAT: ₹3,486.65 million (up from ₹2,640.84 million YoY).

• Standalone revenue: ₹90,255.23 million; standalone PAT: ₹3,213.24 million.

• India revenue: ₹85,033 million; India PAT: ₹3,213 million.

• Middle East revenue: ₹13,201 million; PAT: ₹251 million.

• Candere e-commerce revenue: ₹141 crore; PAT: ₹2.1 crore.

Outlook and guidance

• Demand remains strong, with festive and wedding season expected to drive further growth.

• Guidance to open 84 Kalyan and 50 Candere showrooms in India for FY27 remains unchanged.

• Focus on maintaining recycled gold share at 55%-60% going forward.

• Continued deleveraging and asset divestiture to strengthen the balance sheet.