Kalyan Jewellers is one of the oldest family-owned businesses in India. The company founded in 1908 ventured into jewellery retail business in 1993. Kalyan Jewellers has its headquarters in Thrissur, Kerala.
The company offers traditional and contemporary jewellery in gold, diamond and precious stones. The company opened its first showroom under the brand Kalyan Jewellers in Thrissur in 1993.
As of March 31, 2023, Kalyan Jewellers had 182 showrooms — 149 in India and 33 in the Middle East — and 10,170 employees. In India, it has a presence in 21 states and Union Territories with showrooms in all major cities. The company also operates 990 ‘My Kalyan’ grassroots stores in rural areas, serving as customer service centres.
Kalyan Jewellers launched its IPO in 2021 and it is listed both in BSE and the National Stock Exchange (NSE). It had a market capitalisation of over ₹33,000 crore as of December 20, 2023. Kalyan Jewellers share price has surged more than 145% in the last one year.
Kalyan Jewellers business operations
Kalyan Jewellers is one of India’s largest jewellery companies and its product portfolio includes a wide range of gold, studded and other jewellery products. The company has a pan-India presence with a hyper-local business model. The company also has a significant presence in the Middle Eastern countries.
The company’s operations are spread across 22 states and Union Territories in India and 5 countries in the Middle East. The company sources its gold through 13 procurement centres in key gold producing regions.
The company offers its gold jewellery range under the brand names of Mudhra, Nimah, Anokhi and Rang. The gold jewellery product portfolio includes handcrafted antique ornaments to the gemstone collection. The company offers uncut diamond jewellery under Vedha collection. The wedding diamond jewellery range is offered by the company under the brand Apoorva.
Kalyan Jewellers also operates e-commerce platform Candere for its gold and diamond jewellery business. Candere website was launched in 2013 and it crossed ₹1 crore revenue mark in 2014. The website offers more than 100 products. It was acquired by Kalyan Jewellers in 2017. Apart from its own website, the company has a significant presence on other leading e-commerce platforms.
The company aims to increase its revenue from non-South markets in India by 2025 through expansion of showrooms. The new showrooms will be driven largely by the capital-light franchise store model. Kalyan Jewellers also aims to expand its Middle East operation through franchise strategy.
Kalyan Jewellers Financial Highlights
- Revenue: Kalyan Jewellers reported revenue of ₹35,950.88 crore in FY26 vs ₹25,189.67 crore in FY25. It showed an increase of 42.72% on a yearly basis.
- Operating Profit: Kalyan Jewellers reported an operating profit of ₹1,801.99 crore in FY26 vs ₹959.60 crore in FY25. It showed an increase of 87.79% on a year-on-year basis.
- Net Profit: Kalyan Jewellers reported a net profit of ₹1,350.40 crore in FY26 vs ₹714.17 crore in FY25. It showed an increase of 89.09% on a yearly basis.
Kalyan Jewellers Quarterly Result Highlights
- Kalyan Jewellers reported revenue of ₹10,321.10 crore in Mar 2026, compared with ₹10,407.60 crore in Dec 2025, representing a decrease of 0.83% on a quarter-on-quarter (QoQ) basis.
- Kalyan Jewellers reported an operating profit of ₹538.82 crore in Mar 2026, compared with ₹559.94 crore in Dec 2025, representing a decrease of 3.77% on a quarter-on-quarter (QoQ) basis.
- Kalyan Jewellers reported a profit of ₹409.50 crore in Mar 2026, compared with ₹416.30 crore in Dec 2025, reflecting a decrease of 1.63% on a QoQ basis.
- The earnings per share (EPS) of Kalyan Jewellers stood at ₹6.93 during Mar 2026.
