Kalyan Jewellers shares in focus after 64% revenue growth, 45% same-store-sales in Q4

Shares of Jewellery manufacturer Kalyan Jewellers Ltd. will be in focus on Tuesday, April 7, after it reported its business update for the March quarter.

During the quarter gone by, Kalyan Jewellers reported consolidated revenue growth of 64%, compared to the same period last year. For the full financial year, the topline growth for the company stood at 42%.

Kalyan Jewellers' India operations saw growth of 65% during the March quarter compared to the same period last year, driven primarily by strong same-store-sales-growth (SSSG) across most key markets. For the full financial year, India business saw 43% revenue growth year-on-year.

The company said in its exchange filing that both wedding and discretionary demand stayed robust during the quarter, despite volatile gold prices. Same-store-sales-growth at the end of the quarter stood at 45% for Kalyan Jewellers.

Revenue growth for the International operations also stood at 45% during the fourth quarter. Within the Middle East region, Kalyan Jewellers saw revenue growth of nearly 39% during the fourth quarter, led by the same-store-sales-growth.

"Ongoing geopolitical situation in the region impacted customer walk-ins during the first three weeks of March, even though the showrooms remained opened. Excellent Ramadan sales during the last 10 days of the month made up for the impact on customer walk-ins during the rest of the month," Kalyan said in its filing.

The company's international business saw topline growth of 33% in financial year 2026. 11% of Kalyan's overall topline for the quarter came from the international business.

Candere, Kalyan's digital-first jewellery platform saw revenue growth of over 360% during the quarter compared to last year. For the full year, Candere saw topline growth of 160%.

Kalyan Jewellers saw a net addition of 24 showrooms across India during the quarter, along with 14 Candere showrooms. "Ongoing geopolitical situation in West Asia has caused supply-side disruptions for building materials impacting some of the showroom launches planned during March," the company said.

The company also remains upbeat about the ongoing quarter as it is witnessing encouraging trends in the advance collections for Akshaya Tritiya as well as for wedding purchases for the season ahead.

As of March 31, 2026, the total number of showrooms across India and International markets for Kalyan Jewellers stood at 507, which includes 342 in India, 38 in the Middle East, two in the US, one in the UK and 124 of Candere.

Kalyan Jewellers shares had surged 6% on Monday as well, in response to a strong business update and outlook shared by its peer, Senco Gold.