Q2 FY27 update: consolidated revenue growth over 26%, India up ~27%, Candere up ~64%

Q2 FY27 update: consolidated revenue growth over 26%; India ~27% with same-store-sales growth ~20%; international ~18%; Candere ~64%; 546 showrooms as of September 30, 2026; first non-core real estate parcel (~INR 86 Cr) sold.

Wed 7 Oct 2026

Consolidated revenue growth

in excess of 26%

Same-store-sales growth

approximately 20%

Total showrooms

546 as of September 30, 2026

The company shared its quarterly update for the quarter ended September 30, 2026. The figures below are the company's own update, which it says is subject to Limited Review by its statutory auditors. Revenue figures refer to revenue from sale of goods (excluding bullion).

Revenue growth across businesses

• Consolidated revenue growth of in excess of 26% compared to the same period in the previous financial year
• India operations: revenue growth of approximately 27%, led by healthy same-store-sales-growth across all key markets
• Same-store-sales-growth for the quarter was approximately 20%
• International operations: revenue growth of approximately 18%
• Middle East: revenue growth of approximately 12%, driven entirely by same-store-sales-growth
• International markets contributed approximately 11% of consolidated revenue
• Candere, the lifestyle jewellery brand: revenue growth of approximately 64%

A point the company flags on the India number: in FY 2026 all nine days of Navratri fell within the September quarter, so the comparison is against a high base.

Showroom additions and network

• Launched during the quarter: 12 Kalyan showrooms in India (net 11), 9 Candere showrooms in India and 1 Kalyan showroom in the UK
• As of September 30, 2026, total showrooms stood at 546: Kalyan India 365, Kalyan Middle East 38, Kalyan USA 2, Kalyan UK 2, Candere 138

New regional brand

• The company launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai in August
• It says it is encouraged by the brand's reception and the revenue traction over the first 40 plus days of operation, with the biggest season for Tamil Nadu slated to start from the 11th of October
• Plans are drawn up for the next four showrooms under the franchised model during the current financial year: two in the ongoing quarter and two in the fourth quarter

Non-core assets and debt

• During the quarter the company completed the sale of one of two identified parcels of non-core real estate assets held for sale, with value of approximately INR 86 Cr
• It expects to complete the sale of the second parcel, valued at approximately INR 16 Cr, during the ongoing quarter
• The quarter also saw non-GML debt coming down to zero

What the company says next

• The company says it is upbeat about the upcoming festive and wedding season and is ready with fresh collections, campaigns and new showroom launches
• It states that the metrics and details in this update are subject to the Limited Review process by its statutory auditors, and that a detailed information update will follow after the board approves the results for the quarter ended September 30, 2026

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