Kalyan Jewellers has reported a robust 31% year-on-year consolidated revenue growth for the first quarter of FY2026, showcasing strong performance across its India and international operations. Despite demand fluctuations caused by volatile gold prices and global geopolitical tensions, the company maintained strong momentum, particularly during the Akshaya Tritiya and wedding seasons.

In India, revenues rose approximately 31% compared to Q1 FY2025, with a healthy same-store sales growth (SSSG) of around 18%. International markets also contributed significantly, with revenues growing 31% overall. The Middle East, in particular, recorded a 26% year-on-year rise, driven primarily by same-store performance. International operations accounted for roughly 15% of the company’s total consolidated revenue during the quarter.

Kalyan’s digital-first vertical, Candere, posted a notable 67% revenue growth year-on-year. The brand’s latest campaign, launched in mid-May, led to a marked uptick in showroom footfalls, web traffic, and sales compared to the same period last year.

The company continued its retail expansion strategy with the launch of 10 new Kalyan showrooms in India, one in the US, and eight Candere outlets across the country during the quarter. As of June 30, 2025, the group operated 406 showrooms globally: 287 in India, 36 in the Middle East, two in the US, and 81 under the Candere brand.

Looking ahead, Kalyan Jewellers remains optimistic, preparing for the upcoming festive and wedding season with new collections and campaigns. The company reaffirmed its FY2026 expansion target of 170 new showrooms — including 75 Kalyan showrooms in non-south India (five of which will be larger-format flagship stores), 15 Kalyan showrooms across southern India and international markets, and 80 Candere outlets in India.

The financial metrics disclosed are provisional and subject to a limited review by the company’s statutory auditors. A detailed update will follow post board approval of Q1 results.