Kalyan jewellers India Limited has successfully allotted 77,545 equity shares to eligible employees under its Employee Stock Option Plan 2020 (ESOP 2020). The allotment was approved by the Nomination & Remuneration Committee of the Board of Directors on March 09, 2026, pursuant to the exercise of vested options by employees.

Share Allotment Details

The company issued the shares with specific terms and pricing structure as outlined in the regulatory disclosure:

Impact on Share Capital

The ESOP allotment has resulted in changes to the company's overall share capital structure:

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company had initially filed the ESOP statement with stock exchanges on April 19, 2022, under filing numbers BSE-DCS/IPO/TL/ESOP IP/2296/2022-23 and NSE-NSE/LIST/31481.

Share Characteristics and Listing

The newly allotted equity shares carry identical rights and privileges as existing shares of the company. Key features include:

• No lock-in period applicable
• Shares rank pari passu with existing equity shares
• Listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE)
• ISIN number: INE303R01014

Kalyan Jewellers confirmed that the company is currently completing formalities for listing the newly allotted shares on both stock exchanges. The ESOP 2020 scheme continues to serve as an employee retention and incentive mechanism for the jewelry retailer.

Kalyan Jewellers India Limited conducted its Q3FY26 earnings conference call on February 6, 2026, following the publication of exceptional financial results that demonstrated robust performance across all business segments. The company reported consolidated revenue of ₹1,04,075.98 Mn and profit after tax of ₹4,162.98 Mn for the quarter ended December 31, 2025.

Earnings Call Highlights and Management Commentary

The earnings call was moderated by Rahul Agarwal from Strategic Growth Advisors, with key management personnel including Executive Director Ramesh Kalyanaraman, CEO Sanjay Raghuraman, CFO V. Swaminathan, and other senior executives. The call transcript was published on February 10, 2026, pursuant to Regulation 46(2)(oa) of SEBI regulations.

Consolidated Financial Performance

During the earnings call, management detailed the company's exceptional Q3FY26 performance, with consolidated revenue reaching ₹10,343 crores, representing 42% growth over the corresponding quarter of the previous year. The company achieved consolidated profit before tax of ₹560 crores versus ₹294 crores in Q3FY25.

Segment-wise Performance Analysis

Management provided detailed segment breakdowns during the call. India operations generated revenue of ₹9,048 crores versus ₹6,386 crores in Q3FY25, with profit after tax of ₹401 crores compared to ₹218 crores, marking 84% growth. Middle East operations posted revenues of ₹1,073 crores versus ₹838 crores, with profit of ₹24 crores compared to ₹15 crores in the previous year.

Candere Transformation and Profitability

Executive Director Ramesh Kalyanaraman highlighted Candere's remarkable transformation, with the omnichannel platform achieving 144% revenue growth in Q3FY26 and turning PAT positive for the first time. The platform now operates 110 stores and recorded 117% revenue growth for the nine months ended December 31, 2025.

Strategic Initiatives and Future Outlook

Management discussed several strategic initiatives during the call, including plans for a regional brand launch in Q4FY26, expansion of 18-karat jewelry offerings to manage gold price volatility, and continued focus on franchisee expansion. The company allocated ₹300 crores from operational cash flows for Candere expansion and international pilot stores in the US and UK.

Nine Months Performance Overview

For the nine months ended December 31, 2025, the company maintained strong growth momentum with consolidated total income of ₹2,56,297.81 Mn compared to ₹1,89,673.09 Mn in the corresponding period, representing 35.1% growth.

The earnings call provided comprehensive insights into the company's operational excellence and strategic direction, with management expressing confidence about ending the financial year on a strong note despite ongoing gold price volatility.