Kalyan Jewellers Reports 31% Revenue Surge in Q1, Plans Aggressive Expansion
Kalyan Jewellers achieved 31% year-over-year consolidated revenue growth in Q1. India operations grew 31% with 18% same-store sales increase. International operations, including Middle East, also grew 31%. Digital brand Candere saw 67% revenue growth. The company added 19 new showrooms and plans 170 more. Despite strong performance, stock dipped 3.60%.

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Kalyan Jewellers , a prominent player in the Indian jewelry market, has reported a robust 31% year-over-year growth in consolidated revenue for the first quarter. The company's performance highlights its strong market position and successful expansion strategies across both domestic and international markets.
Strong Growth Across Markets
The jeweler's India operations witnessed a significant 31% growth, with same-store sales increasing by an impressive 18%. This growth in the domestic market underscores Kalyan Jewellers' ability to capitalize on the rising demand for jewelry in India.
Internationally, Kalyan Jewellers continued to make strides, with overall revenue from international operations also growing by 31%. The Middle East market, in particular, showed strong performance with a 26% increase in revenue.
Digital Brand Performance
Candere, Kalyan Jewellers' digital-first jewelry brand, demonstrated exceptional growth with a 67% increase in revenue. This substantial rise in Candere's performance indicates the company's successful foray into the e-commerce space and its ability to cater to the growing online jewelry market.
Expansion Plans
In line with its growth trajectory, Kalyan Jewellers has been actively expanding its physical presence. The company added 19 new showrooms during the quarter, further strengthening its retail network. Looking ahead, Kalyan Jewellers has ambitious plans to open 170 more showrooms, signaling confidence in market demand and its growth strategy.
Market Response
Despite the strong revenue growth, Kalyan Jewellers' stock experienced a 3.60% dip. This market reaction suggests that investors may be factoring in other considerations beyond top-line growth, such as profitability metrics or broader market trends.
The company's aggressive expansion plans and strong revenue growth across various segments and geographies position Kalyan Jewellers as a significant player to watch in the jewelry retail sector. As the company continues to execute its growth strategy, stakeholders will likely keep a close eye on how these expansions translate into profitability and market share gains in the coming quarters.
Historical Stock Returns for Kalyan Jewellers
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.76% | +0.60% | +4.01% | -18.78% | +15.63% | +662.97% |