Kalyan Jewellers Q1 Results: Net Profit Jumps 49% to ₹264 Cr ; Stock Falls 7%

Kalyan Jewellers India has reported a stellar 49% surge in its Q1FY26 consolidated net profit, reaching ₹264 crore compared to ₹178 crore in the same quarter last year. The strong performance highlights the company’s continued growth momentum in the jewellery segment. Profit after tax (PAT) is fully attributable to the company’s owners, reflecting robust operational efficiency.

Kalyan Jewellers Q1 FY26 Results Overview

Retail Investor Takeaways

  • Strong Momentum: Kalyan Jewellers is delivering exceptional growth in both profit and sales, outperforming sector averages, with an expanding domestic and international footprint.

  • Sustained Demand: The company’s ability to grow despite gold price volatility and a higher comparison base assures continued consumer demand.

  • Healthy Outlook: Kalyan Jewellers emerges as a high-growth retail play, driven by network expansion, strong management, and solid Q1 results amid rising discretionary demand.

Key Announcements

  • Added 10 new showrooms in India during Q1.
  • Plans to launch 84 FOCO (Franchisee-Owned Company-Operated) showrooms in FY26.
  • Strong same-store sales growth across categories.
  • International operations (especially Middle East) continue to grow steadily

“Executive Director Ramesh Kalyanaraman 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 and gearing up for fresh collections and campaigns.”

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