Kalyan Jewellers shares soar 5% as revenue grows 42% YoY in Q3; check updates

At around 2:13 pm, the share was trading 3.81% higher at ₹519.20 per unit.

The scrip has rallied nearly 7% in the last week and more than 5% over the month. On a year-to-date basis, it has surged about 7%.

While the stock reached a year’s low of ₹399.40 apiece on March 11, 2025, it touched a 52-week high of ₹793.45 apiece almost a year ago on January 6, 2025.

Q3 updates

The jewellery maker clocked an approximate 42% year-on-year (YoY) growth in its consolidated revenue during the December quarter of FY26, compared to the year-ago period.

During the quarter under review, the company’s India operations logged a revenue growth of about 42%, driven primarily by strong festive demand.

“Demand during the period after Diwali also continued to remain robust despite volatility in gold prices,” it stated in a regulatory filing, adding that growth was broad-based across plain gold and studded categories.

The quarter recorded healthy same-store-sales-growth of approximately 27%, it said.

Kalyan Jewellers posted a 36% annual growth in its international operations for Q3FY26, as against the December quarter of FY25.

It witnessed a revenue growth of about 28% in the Middle East, bolstered mainly by same-store-sales-growth, it added.

Furthermore, international markets contributed approximately 11% to our consolidated revenue for the recently concluded quarter.

Its digital-first jewellery platform, Candere, recorded an annual revenue surge of 147% during the reporting quarter, from Q3FY25.

In the third quarter of FY26, the company launched 21 Kalyan showrooms in India, one Kalyan showroom in the United Kingdom and 14 Candere showrooms in India.

As of December 31, 2025, its total number of showrooms across India and international markets stood at 469, with Kalyan India at 318, Kalyan Middle East at 38, Kalyan USA at 2, Kalyan UK at one and Candere at 110.

In a separate regulatory filing on Tuesday, the firm stated its board of directors will meet to consider its third-quarter financial results for FY26 on Friday, February 6.

Kalyan Jewellers has a total market capitalisation of ₹53,528.07 crore, as of January 7, 2025, according to data on the NSE.