Kalyan Jewellers reported an estimated 38% year-on-year increase in consolidated revenue for Q1 FY27, driven by robust demand across both domestic and international markets.
The company's India business saw revenue growth of over 38%, bolstered by a healthy same-store sales growth of around 28% despite the 28-day Adhik Maas period impacting wedding-related jewellery purchases.
A significant highlight of the quarter was the launch of Kalyan's 'Shine with India' gold recirculation campaign, which successfully increased the use of recycled gold, accounting for more than 46% of revenue. In June, recycled gold's share exceeded 55% of revenue.
Internationally, revenue rose approximately 35% year-on-year, with the Middle East market growing around 30% despite geopolitical tensions affecting footfalls in April.
Kalyan's digital-first jewellery platform, Candere, maintained strong momentum, registering an impressive 112% year-on-year revenue growth in Q1 FY27. The company also expanded its retail footprint by opening 12 Kalyan Jewellers showrooms and five Candere outlets across India, enhancing its nationwide presence.
Background
Kalyan Jewellers' recent performance underscores its strategic initiatives and market resilience. As the company continues to expand its footprint and innovate with campaigns like 'Shine with India', investors will be keenly watching its ability to sustain growth amid evolving market conditions.
As Kalyan Jewellers continues to expand its footprint and innovate with campaigns like 'Shine with India', investors will be keenly watching its ability to sustain growth amid evolving market conditions.
