| Revenue growth | Strong 38% YoY revenue growth, reaching ₹10,008 crore this quarter. |
|---|---|
| Margins | PBT margins under pressure at 5.1% due to gold recycling mix. |
| Demand visibility | Robust visibility; wedding demand resilient despite Adhik Maas seasonality. |
| Management confidence | Balanced confidence; focused on aggressive expansion and regional market tailoring. |
Growth
Revenue grew 38% to ₹10,008 crore; PAT increased 32% to ₹349 crore.
Outlook
Targeting 80 new Kalyan and 50 Candere showrooms in FY27.
Risks
Old-gold recycling and promotional offers diluting PBT margins; significant 54% jump in employee costs.
Last quarter's promises, checked
Delivered
- Debt reduction plan → Reduced non-GML debt by INR360cr (= BEAT)
- Candere profitability → Turned PAT positive in H2 FY26 (= BEAT)
- India non-GML debt target → Reduced from INR1,300cr to INR300cr (= BEAT)
Partly delivered
- Asset divestment → INR180cr collateral released, sale pending by Sept (= PARTIAL)
- Showroom expansion → 129 launched vs 150+ annual run-rate goal (= PARTIAL)
Missed
- New brand launch → South store launch delayed due to elections (= MISS)
Earnings Call Transcript filed with NSE, NSE: KALYANKJIL. Summary written with AI assistance from the document.
Kalyan Jewellers India Ltd: key numbers
- Share price
- ₹569.00
- Market cap
- ₹58,764 Cr
- Revenue (annual)
- ₹35,743 Cr
- Net profit (annual)
- ₹1,350 Cr
- P/E (TTM)
- 41.0×Sector 52.0×
- Promoter holding
- 62.86%-0.01% QoQ
- FII holding
- 10.82%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Kalyan Jewellers India Ltd
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- Value
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