Kalyan reports 38% June-quarter revenue growth; Candere sales more than double
Kalyan Jewellers said consolidated revenue rose about 38% year on year in the June quarter, with same-store sales up roughly 28%. Digital-first brand Candere grew 112% and the group opened 17 stores, taking its global network to 524 as of June 30, 2026.
Kalyan Jewellers shares declined after a recent rally, despite a strong June-quarter update. Consolidated revenue grew about 38%, same-store sales rose 28%, and Candere grew 112%. The jeweller added 17 stores and plans aggressive expansion ahead of festive and wedding demand.
Why this matters
The update follows signals that Kalyan shares fell 2% despite Q1 FY27 revenue growth, then rebounded on the strong Q1 update; Refinitiv also trimmed its outlook.
Retail-company signals are accelerating, up 943900% quarter over quarter.