Kalyan Jewellers' shares climbed on Tuesday after the company announced a substantial 42% consolidated revenue increase for the third quarter of fiscal year 2026. The surge in buying interest followed the release of the company's Q3 FY26 business update. Q3 Performance Snapshot: The jewellery retailer posted consolidated revenue growth of approximately 42% year-on-year for the December quarter. This robust performance contrasts with a marginal dip in the broader BSE Sensex. Kalyan Jewellers' market capitalization stands at ₹52,118.48 crore. Domestic Strength Dominates: India operations witnessed a strong revenue uplift of approximately 42% compared to the previous year's third quarter. This growth was propelled by a powerful festive demand that extended beyond Diwali, remaining robust despite fluctuating gold prices. The company achieved healthy same-store-sales-growth of approximately 27%, indicating strong customer traction across both plain gold and studded jewellery categories. International Reach and Digital Push: International operations contributed positively, reporting revenue growth of approximately 36% for the quarter. Within this segment, Middle East operations saw a 28% increase, largely driven by same-store-sales-growth. International markets accounted for about 11% of the company’s consolidated revenue. Furthermore, Kalyan Jewellers' digital-first platform, Candere, recorded an impressive 147% revenue growth during the same period. Expansion Drive Continues: The company actively expanded its retail presence, launching 21 Kalyan showrooms in India and one in the United Kingdom during the December quarter. Additionally, 14 Candere showrooms were opened across India. As of December 31, 2025, Kalyan Jewellers operated a total of 469 showrooms across India and international markets.
Kalyan Jewellers Surges 3% on Stellar 42% Q3 Revenue Jump
CONSUMER-PRODUCTS
Overview
Kalyan Jewellers posted a significant 42% consolidated revenue growth for Q3 FY26, driven by strong festive demand in India and expansion. India operations saw a 42% jump with 27% same-store sales growth, while the digital platform Candere surged 147%. The company expanded its retail footprint with new showrooms.
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