Kalyan Jewellers has reported remarkable growth in its digital platform Candere, with the online jewellery segment achieving approximately 147% revenue growth on a year-over-year basis. This substantial increase underscores the company's successful digital transformation strategy and growing market acceptance of its online offerings.

Digital Platform Performance

The impressive growth trajectory of Candere highlights the effectiveness of Kalyan Jewellers' omnichannel approach to jewellery retail. The platform's performance demonstrates strong consumer confidence in purchasing jewellery through digital channels, reflecting changing shopping preferences in the post-pandemic era.

Strategic Digital Expansion

The significant revenue growth of Candere positions Kalyan Jewellers favorably in the competitive online jewellery market. This performance indicates the company's ability to leverage digital technologies to reach a broader customer base while maintaining the quality and trust associated with the Kalyan Jewellers brand.

The strong year-over-year growth suggests that the company's investment in digital infrastructure and online customer experience is yielding positive results. This development aligns with the broader industry trend of increasing digitalization in the jewellery retail sector.

Market Implications

The robust performance of Candere reflects the growing acceptance of online jewellery purchases among Indian consumers. This growth trajectory demonstrates Kalyan Jewellers' successful adaptation to evolving consumer preferences and its ability to compete effectively in both traditional and digital retail channels.

The approximately 147% year-over-year revenue growth positions Candere as a significant contributor to Kalyan Jewellers' overall business performance, highlighting the importance of digital channels in the company's growth strategy.

Kalyan Jewellers India Limited delivered an impressive performance in the recently concluded quarter, recording consolidated revenue growth of approximately 42.00% compared to the same period in the previous financial year. The company's strong showing was driven by robust festive demand and continued expansion across multiple markets.

Q3 FY26 Performance Highlights

The jewelry retailer's performance across different segments showcased broad-based growth momentum:

Operational Expansion and Market Presence

During Q3 FY26, Kalyan Jewellers significantly expanded its retail footprint with strategic store launches:

As of December 31, 2025, the company's total showroom count reached 469 across India and international markets, distributed as follows: Kalyan India (318), Kalyan Middle East (38), Kalyan USA (2), Kalyan UK (1), and Candere (110).

Market Performance and Category Growth

The India operations demonstrated resilience with continued robust demand even after Diwali, despite volatility in gold prices. Growth was broad-based across both plain gold and studded categories, indicating strong consumer confidence and market positioning.

International markets contributed approximately 11.00% to consolidated revenue for the quarter, with the Middle East operations showing particularly strong same-store sales growth. The digital-first jewelry platform Candere's remarkable 147.00% growth highlights the company's successful omnichannel strategy.

Previous Corporate Actions

Earlier, the company had enhanced employee engagement through its Employee Stock Option Plan (ESOP), allotting 1,10,071 equity shares under the Kalyan Jewellers ESOP 2020 scheme. The shares, with a face value of ₹10.00 each, brought the total issued share capital to 10,326,626,020 shares, demonstrating the company's commitment to aligning employee interests with organizational growth.

Note: The quarterly metrics are subject to Limited Review process by Statutory Auditors, with detailed information to follow post board approval of Q3 FY26 results.