Kalyan Jewellers India shares fall, PC Jeweller rises after Q4 business update

Shares of Kalyan Jewellers were trading 0.49% lower at ₹418.30 apiece on the NSE at 12:17 pm.

The stock of PC Jeweller advanced 1.54% to ₹8.59 per unit.

Kalyan Jewellers

Its India operations saw revenue growth in excess of 65% in the latest Q4 as compared to a year back due to strong same-store-sales growth across key markets, according to an exchange filing.

"Both wedding and discretionary demand stayed robust during the quarter despite volatile gold prices. The quarter recorded same-store sales growth of over 45%," it said.

Kalyan Jewellers' international operations witnessed a revenue growth of approximately 45% YoY for three months ended March 2026. The international markets contributed around 11% to the consolidated revenue.

In the quarter under review, it launched 28 (net 24) Kalyan showrooms in India and 14 Candere showrooms. The total number of showrooms across India and international markets stands at 507.

The company said that it remains upbeat about the ongoing quarter and is seeing encouraging trends in the advance collections for both Akshaya Tritiya and wedding purchases for the festive/wedding season.

PC Jeweller

"Consistent performance across all quarters has contributed to FY2026 emerging as a very positive year with a revenue growth of approximately 49% YoY, marking meaningful progress in the company's ongoing turnaround journey," the filing said.

The New Delhi-based company said that it remains committed to its target of achieving a debt-free status in the near future. In Q4, the firm further reduced its outstanding debt to banks by about 23% under the terms of the Joint Settlement Agreement.

The company's subsidiary has set up PCJ Mining SARL in the Republic of Chad to extract precious metal ores. "This strategic initiative provides the Group with an opportunity to explore mining operations and possibly establish vertical integration across its value chain," the filing said.

On the outlook, the jeweller said that it is looking forward to the forthcoming summer wedding season and the auspicious occasion of Akshay Tritiya in Q1 FY27.