Kalyan Jewellers plans 134 FY27 openings as Q1 margin pressure offsets revenue beat
Kalyan Jewellers added 17 India stores in Q1, taking its domestic network to 483. It plans 84 Kalyan FOCO and 50 Candere openings in FY27, alongside a Chennai regional store launch in August. Brokerages retained buy calls despite weaker margins.
Kalyan Jewellers’ Q1 revenue beat estimates but margins weakened. The company added 17 Indian stores, plans 134 FY27 openings across Kalyan and Candere, and will launch a Chennai regional store in August 2026. Brokerages retained buy calls with targets up to Rs 800.
Why this matters
No related recent Kalyan Jewellers signals were provided. The FY27 plan extends the brand's domestic footprint following 17 India store additions in Q1.
Store-opening activity is steady, with 1,743 signals recorded in the past 90 days.