Kalyan Jewellers India , a prominent player in the Indian jewelry market, has announced robust financial results for the second quarter of the fiscal year. The company's performance showcases significant growth across key financial metrics, indicating a strong market position and effective business strategies.

Financial Highlights

Key Takeaways

Doubled Net Profit

Kalyan Jewellers has reported a remarkable 99.2% increase in consolidated net profit, rising from ₹1.31 billion in the previous year's corresponding quarter to ₹2.61 billion in the current quarter.

Strong Revenue Growth

The company's revenue saw a substantial increase of 29.7%, reaching ₹78.56 billion compared to ₹60.58 billion in the same quarter last year.

Improved Operational Efficiency

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 55.3% year-on-year, from ₹3.20 billion to ₹4.97 billion, indicating enhanced operational efficiency.

Enhanced Profitability

The EBITDA margin improved significantly, rising from 5.27% to 6.33%, suggesting better cost management and increased profitability.

These results demonstrate Kalyan Jewellers' strong performance in the jewelry market, potentially reflecting positive consumer sentiment and effective business strategies. The substantial growth in net profit, coupled with improved EBITDA margins, indicates the company's ability to manage costs while driving revenue growth.

The jewelry sector, often considered a barometer of consumer confidence and discretionary spending, seems to be showing resilience based on Kalyan Jewellers' performance. This could be indicative of a broader trend in the luxury goods market or specific successes in the company's business model.

As the company continues to navigate the dynamic retail landscape, these results may position Kalyan Jewellers favorably for future growth and market expansion. However, it's important for investors and market watchers to consider these results in the context of broader market trends and potential future challenges in the retail and luxury goods sectors.

Kalyan Jewellers , one of India's largest jewellery retailers, has unveiled plans for growth, projecting an 18-20% revenue increase for the fiscal year 2026. This outlook is underpinned by a store expansion strategy across India and the Middle East.

Expansion Plans

The company aims to add 30 new stores annually, including franchise outlets. This expansion is expected to boost Kalyan Jewellers' market presence and accessibility to customers.

Financial Performance

Recent financial results underscore the company's trajectory:

The company's performance shows growth across key financial indicators, with revenue, EBITDA, and Profit After Tax (PAT) all showing significant year-over-year increases.

Strategic Initiatives

Kalyan Jewellers is focusing on several key areas:

1. Omni-channel Integration: The company is working on integrating its online and offline presence to enhance customer experience and reach.

2. Margin Stability: Through gold exchange programs and premiumization strategies, Kalyan Jewellers aims to maintain profit margins.

3. Working Capital Optimization: Efforts are being made to improve working capital management, which could support expansion plans.

4. Franchise Model: The company is leveraging a franchise-owned company-operated (FOCO) model to accelerate expansion. As of September 30, 2025, Kalyan Jewellers had 174 FOCO showrooms in India and 4 in the Middle East.

Market Position

Kalyan Jewellers has established a presence in the Indian jewellery market:

• Total showrooms: 436 across India, USA, and the Middle East
• Retail area: Exceeding 10,67,000 sq. ft.
• Product range: Traditional and contemporary designs in gold, diamonds, and precious stones

Outlook

The company's growth strategy aims to capitalize on the increasing organized share of the Indian jewellery market. With its focus on expansion, omni-channel presence, and operational efficiencies, Kalyan Jewellers aims to create value for its stakeholders.