INSUBCONTINENT EXCLUSIVE:
Shares of Kalyan Jewellers India declined 3.6% to hit an intraday low of Rs 563.05 on the BSE on Tuesday after the company released its
business update for the quarter ended June 30, 2025 (Q1FY26).Despite reporting a strong 31% year-on-year growth in consolidated revenue for
the quarter, investor sentiment appeared cautious, leading to a decline in the price of the stock today.In its Q1FY26 update, the company
said consolidated revenue rose by approximately 31% compared to the same period last year, even as the quarter saw intermittent pauses in
demand due to volatility in gold prices and geopolitical developments.The India operations also posted a 31% revenue growth over Q1FY25,
driven by robust demand during Akshaya Tritiya and the wedding season
The company reported healthy same-store-sales growth of around 18% for the domestic market.International operations mirrored the domestic
performance with 31% revenue growth year-on-year
In the Middle East, revenue was up 26% during the quarter, largely backed by same-store-sales gains
Candere delivered a notable performance, with revenue increasing approximately 67% year-on-year
The company attributed this to its brand campaign launched in May 2025, which led to a boost in showroom footfalls, online traffic, and
conversions.Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watchDuring
As of June 30, 2025, the company operated 406 showrooms, including 287 in India, 36 in the Middle East, 2 in the US, and 81 under the
Candere brand.Looking ahead, Kalyan reiterated its plan to launch 170 new showrooms in FY26 across formats
This includes 75 Kalyan showrooms (including five flagship outlets) in non-south Indian regions, 15 in south India and international
markets, and 80 Candere stores in India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of TheIndianSubcontinent)
