Kalyan Jewellers posts 38% YoY Q1 revenue growth on robust demand
Kalyan Jewellers reported an estimated 38% YoY consolidated revenue growth in Q1 FY27, with India up 38% and same-store sales up 28%. International revenue rose 35%, Candere doubled (+112%), and recycled gold hit 46% of revenue. The chain now operates 524 stores globally.
Kalyan Jewellers posted an estimated 38% YoY Q1 FY27 revenue growth, driven by strong domestic demand, 28% same-store growth, expanding international operations, doubled Candere revenue, and rising recycled gold adoption via its 'Shine with India' campaign.
Why this matters
Despite the 38% Q1 revenue jump, Kalyan Jewellers shares fell 8-9% as growth failed to impress investors and comparisons with Titan weighed on sentiment.
Retail-company signals are accelerating, up +646900% QoQ.