Kalyan Jewellers’ Jan-Mar Quarter Revenue Jumps 37%; Plans 170 New Showrooms FY26

Kalyan Jewellers Ltd. on Monday reported a 37% on-year rise in consolidated revenue for the March quarter, driven by strong wedding demand despite volatile gold prices. Same-store sales growth for the quarter ended March 31 stood at 21%, the Kerala-based jewellery retailer said in a filing.

India operations led the growth, with a 39% rise in revenue and 25 new showrooms launched during the period. Revenue from West Asia rose 24% on year in the quarter, with the region contributing nearly 12% of total consolidated revenue. Candere, its digital-first brand, posted a 22% drop in revenue in Jan-Mar, but the company expanded its Candere footprint with 14 new showrooms, taking the total to 73.

As of March 31, the company operated 388 showrooms across India and West Asia, including one in the US. For 2025–26, Kalyan plans to open 170 new showrooms—80 under the Candere brand, 75 Kalyan Jewellers outlets in non-south regions, and 15 more in south India and overseas.

All of these are expected to follow a franchise-owned company-operated model, with letters of intent already signed.
The company said it’s upbeat about the current quarter, supported by advance collections for Akshaya Tritiya and upcoming weddings.