Kalyan Jewellers Q1 Result: Net profit jumps 48%, revenue grows to ₹7,268 crore YoY

The company's revenue from operations stood at ₹7,268 crore, growing 31% YoY in Q1 FY25, compared to ₹5,528 crore in the first quarter of the 2024-25 fiscal year (Q1 FY25).

The robust revenue growth across markets and categories was aided by strong same-store-sales growth (SSSG).

On the operational level, Kalyan Jewellers’ earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹508 crore in contrast to ₹368 crore in the same quarter of the previous fiscal year, marking a jump of 38%.

The EBITDA margin was also flat at 7% in Q1 FY26 as against 6.6% YoY.

The jewellery retailer said that a higher share of revenue from franchised showrooms (~43%) during the quarter led to lower overall gross margin and EBITDA margin.

The company’s international operations recorded revenue of ₹1,070 crore in the reporting quarter, a growth of 32% when compared with the same period in the previous financial year. Middle East revenue and PAT for Q1 FY26 were ₹1,026 crore and ₹22 crore, respectively, a growth of 27% and 18%, respectively.

Its lifestyle jewellery platform, Candere, recorded a revenue of ₹66 crore and a net loss of ₹10 crore for Q1 FY26.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited, said, “We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns.”

During the quarter, Kalyan Jewellers added 10 new showrooms in India, and its new customer additions continue to stay healthy. In FY26, the company plans to launch 84 FOCO Kalyan showrooms in India.

Headquartered in Thrissur in the state of Kerala, Kalyan Jewellers is one of the largest jewellery retailers in India with a presence in the Middle East and the US.

On Thursday, shares of Kalyan Jewellers settled at ₹598.10 apiece on the National Stock Exchange, gaining 1.34%.