Kalyan Jewelers Q3 sales up 42% on festive demand, Candere shines

Kalyan Jewelers has achieved consolidated revenue growth of around 42% in the third quarter of FY26 compared to the same period in the previous fiscal, the company said in a stock exchange notification on Wednesday.The company’s business saw revenue growth of approximately 42% in the third quarter of 2026, compared to the third quarter of 2025, mainly driven by strong festive demand. Demand remained robust in the post-Diwali period despite the volatility in gold prices. Growth was broad-based in the gold and studs categories. The quarter recorded healthy same-store sales growth of approximately 27%.

The company’s international operations recorded revenue growth of approximately 36% in the recently ended quarter, compared to the same period during the previous fiscal year. Specifically within the Middle East, we witnessed sales growth of approximately 28% for Q3 2026, compared to Q3 2025, primarily driven by same-store sales growth. International markets contributed approximately 11% to our consolidated revenue for the recently ended quarter.

The company’s digital jewelry platform, Candere, posted revenue growth of approximately 147% during the recently concluded quarter compared to the same period last year. During the recently concluded quarter, the company launched 21 Kalyan showrooms in India, 1 Kalyan showroom in the UK and 14 Candere showrooms in India. As of December 31, 2025, the total number of Kalyan showrooms in India and international markets was 469 (Kalyan India – 318, Kalyan Middle East – 38, Kalyan US – 2, Kalyan UK – 1, Candere – 110).