Kalyan Jewellers’ Profit in June Quarter Up by 48.7%

Thrissur, August 7, 2025: Kalyan Jewellers India has reported a strong performance for the first quarter of the financial year. The company’s consolidated profit after tax jumped by 48.7% compared to the same period last year, reaching ₹2,640.84 million. This impressive growth was supported by a robust 31% increase in revenue.

Following the announcement, the shares of the company closed 0.13% or ₹0.75 higher at ₹590.95. The shares made an intraday high of ₹600.10 and a low of ₹569.70.

Detailed Insights For Investors

• Strong Profit Growth: Kalyan Jewellers reported a 48.7% year-on-year increase in consolidated net profit, reaching ₹2,640.84 million, showing healthy earnings momentum.
• Revenue Up Across the Board: Consolidated revenue rose by 31.5% to ₹72,684.75 million, while standalone revenue increased by 31.2%, reflecting strong consumer demand and business expansion.
• Higher Earnings Per Share (EPS): EPS rose 48% (consolidated) and 55% (standalone), signalling improved profitability and shareholder value.
• International Footprint Expanding: The company continues to benefit from its global operations across the UAE, USA, and UK, which support diversified growth.
• Improved Operating Leverage: Higher profits on relatively lower expense growth show that the company is efficiently managing its operations.
• Steady Marketing Investment: While standalone ad expenses dipped slightly, consolidated ad spending rose 12%, indicating ongoing investment in brand building.
• Positive Market Response: The stock price held steady with a small gain, reflecting market confidence in the company’s performance and outlook.
• Outlook: With rising income, stable expenses, and increasing global presence, Kalyan Jewellers appears well-positioned for continued growth in the upcoming quarters.

Consolidated Financial Highlights (₹ in million)

The company’s consolidated revenue from operations for Q1 FY26 was ₹72,684.75 million, a significant 31.5% increase from ₹55,278.15 million in Q1 FY25, and a 17.6% increase from ₹61,815.34 million in the previous quarter. The total income also grew by 31.6% year-on-year to ₹73,147.43 million. Profit Before Tax (PBT) for the quarter stood at ₹3,529.71 million, a rise of 48.6% from the ₹2,374.91 million recorded a year ago. The Profit After Tax (PAT) was ₹2,640.84 million, marking a 48.7% jump from ₹1,775.58 million in Q1 FY25. The company’s Earnings Per Share (EPS) also saw a substantial increase of 48% year-on-year, reaching ₹2.56.

Standalone Financial Highlights (₹ in million)

Looking at the standalone figures, the performance was equally strong. Revenue from operations for Q1 FY26 was ₹61,422.40 million, up 31.2% from ₹46,811.39 million a year ago. The total income grew by 31.4% year-on-year to ₹61,943.55 million. Profit Before Tax (PBT) saw a 53.8% increase to ₹3,442.82 million from ₹2,238.84 million in Q1 FY25. The Profit After Tax (PAT) for the quarter was ₹2,564.84 million, a notable 55.4% rise from ₹1,650.94 million last year. The Earnings Per Share (EPS) also increased by 55% to ₹2.48.

Key Expense Trends

The company’s standalone advertising expense for Q1 FY26 was ₹861.18 million, which was slightly lower than the ₹865.28 million spent in the same quarter last year. However, the consolidated advertising expense saw an increase to ₹1,037.90 million from ₹927.64 million year-on-year, indicating that the company is continuing to invest in brand building as it expands.

Management Commentary

T.S. Kalyanaraman, Managing Director, stated:

“The Board of Directors reviewed and approved the Q1FY26 results in its meeting held on August 7, 2025, which show healthy top-line and bottom-line growth both YoY and QoQ, reaffirming the company’s strong operating leverage and consumer demand resilience.”

Road Ahead For Kalyan Jewellers

Kalyan Jewellers is likely to keep growing in the coming months. Its strong profit and revenue growth show that people are still buying jewellery despite market ups and downs. The company is also expanding in India and abroad, which could bring in more customers. With steady spending on ads and marketing, the brand remains strong and visible. Good cost control is helping profits grow faster. If gold prices remain stable, it will further support jewellery sales. The company’s international presence will help reduce risks from the Indian market alone. Investors may see steady returns if the company continues this performance. Overall, the future looks positive for Kalyan Jewellers.

REF:https://nsearchives.nseindia.com/corporate/KALYANKJIL_07082025153349_Outcome_signed.pdf

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