Kalyan Jewellers shares fall 2% post Q2 updates: Here's all you need to know

“The recently concluded quarter has been a very gratifying one, recording consolidated revenue growth of approximately 30% when compared to the same period in the previous financial year,” the jewellery firm said in a statement.

At 10:42 AM, shares of Kalyan Jewellers India were trading at ₹483.05 apiece, falling 1.85% on the National Stock Exchange. The stock had touched an intraday low of ₹487.10 per share.

Over the last five trading days, Kalyan Jewellers shares soared nearly 7%, while for a month’s period, the stock has lost 4%. In three months, shares of the jewellery company have tumbled 17%.

The company’s market capitalisation stands at ₹50,357.59 crore.

Shares of the firm had touched their one-year high of ₹795.40 apiece on January 2, 2025, while their 52-week low of ₹399.40 was hit on March 11, 2025.

Here are the updates from Q2 FY26:

1. India operations witnessed revenue growth of approximately 31% during Q2 FY26 as compared to Q2 FY2025, driven primarily by robust wedding demand and a strong start to the festive season.

2. Navratri sales, which were not part of the base quarter revenue, partially negated the impact of the higher base due to the customs duty reduction in India during Q2 of the last financial year. The quarter recorded healthy same-store-sales growth of approximately 16%.

3. International operations recorded revenue growth of approximately 17% in Q2 year-on-year (YoY). “Within the Middle East specifically, we witnessed revenue growth of approximately 10% for Q2 FY2026 as compared to Q2 FY2025, driven entirely by same-store-sales growth. International markets contributed approximately 12% to our consolidated revenue for the recently concluded quarter,” Kalyan Jewellers said in the statement.

4. The firm’s digital-first jewellery platform, Candere, recorded a revenue growth of approximately 127% in Q2 FY26 as compared to the same period during the last year.

5. During the quarter, the jewellery firm launched 15 showrooms in India, 2 showrooms in the Middle East and 15 Candere showrooms in India.

6. As of September 30, 2025, our total number of showrooms across India and the Middle East stood at 436 (Kalyan India – 300, Kalyan Middle East – 38, Kalyan USA – 2, Candere – 96).

Kalyan Jewellers further said, “During the recently concluded quarter, we have been able to secure approval from the lead bank of our consortium of lenders for the release of real estate collateral pertaining to debt repaid. Subsequently, we have resumed the next round of debt reduction in line with the target already set for the current financial year.

The ongoing quarter has started off well, and we are encouraged by robust footfalls across all our major markets. We are upbeat about the ongoing season and are fully prepared with fresh collections, campaigns and the launch of 15 more Kalyan showrooms before Diwali.”