Kalyan Jewellers reported a strong 42% rise in revenue for the third quarter of FY2026, driven by festive demand and new store openings.
Revenue growth
The company’s total revenue jumped 42% year‑on‑year. Domestic sales grew about 42% overall, with same‑store sales up 27% despite fluctuating gold prices. International revenue rose 36%, led by a 28% increase in the Middle East.
Its online platform, Candere, saw revenue more than double, up 147% from a year ago.
Store expansion
During the quarter Kalyan Jewellers added:
- 21 new showrooms in India
- 1 new showroom in the United Kingdom
- 14 new Candere‑branded stores
At the end of December 2025, the total showroom count reached 469 across India, the Middle East, the USA and the UK.
Analyst view
Motilal Oswal maintains a bullish stance, giving the stock a “Buy” rating with a target price of Rs 650, implying about a 25% upside from the recent close of Rs 520.75.
Share price trend
Over the past year the share has fallen 27%, but it is up 6.55% year‑to‑date. In the last month the stock rose 8.61%, and it gained 7.03% over the past three months. However, the six‑month picture still shows a 10.16% decline, indicating lingering weakness.
Bottom line
The strong revenue numbers and aggressive store rollout suggest the company is positioned well for the upcoming festive season, but investors should watch the broader market trend before making decisions.
Remember, this is just an overview, not a prediction. Do your own research before investing.