Kalyan‍‌‍‍‌‍‌‍‍‌ Jewellers Q2 FY26 Profit Nearly Doubles; Revenue Up 30% YoY

Thrissur, November 7, 2025: Kalyan Jewellers India Ltd (NSE: KALYANKJIL, BSE: 543278) delivered a very strong financial performance in the quarter ended September 30, 2025 (Q2 FY26). The consolidated profit was almost doubled year-on-year, and the revenue increased substantially by 30%. The upbeat results were a consequence of the robust demand pattern prevailing during the festive season and the pace of expansion both in the domestic and international markets.

Financial Performance Overview

The company reported a consolidated revenue from operations of ₹78,560.26 million in Q2 FY26, up 29.7% from ₹60,576.25 million in Q2 FY25. Total income rose 29.8% to ₹79,074.40 million. Profit before tax stood at ₹3,502.65 million, while net profit after tax nearly doubled to ₹2,605.10 million from ₹1,303.29 million in the same quarter last year. Sequentially, revenue grew 8.1% over Q1 FY26, though net profit saw a slight decline due to higher input and employee costs.

In H1 FY26, Kalyan Jewellers generated total income of ₹1,52,221.83 million, up 30.7% from ₹1,16,491.13 million in H1 FY25. Half-yearly net profit after tax rose 70.4% to ₹5,245.94 million, reflecting improved margins and stronger operating leverage across both domestic and Middle Eastern markets.

Expense Analysis

In Q2 FY26, total expenditure rose to ₹75,571.75 million, up from ₹59,135.30 million in Q2 FY25, primarily due to higher gold prices and rising raw material costs. Key expense components included material consumption at ₹80,094.80 million, employee benefits of ₹2,179.30 million, and finance costs of ₹949.36 million. Despite these cost pressures, the company maintained strong profitability, reflecting operational efficiency.

Stock Market Performance

The share price of Kalyan Jewellers closed at ₹513.90 on the NSE, up 0.20% from the previous session, recovering after an initial dip post-results announcement. Intraday, the stock traded between ₹461.10 and ₹485.60. Over the past year, the stock has gained around 42%, outperforming the Nifty FMCG index, driven by strong consumer sentiment and steady demand for gold. The company’s market capitalization stood at approximately ₹50,200 crore.

Strategic Outlook

The continuing rise of Kalyan Jewellers is attributed to its growing retail network as well as the launches made during the festive season. This was not only in India but also in the Middle East. The management officers commented that the near doubling of profit is indicative of brand strength. That even with fluctuating input prices, costs are managed in a very disciplined manner.

Kalyan Jewellers India Ltd, with its main office in Thrissur, Kerala, is among the top 5 jewellery retailers in India. It is present widely in India, the Middle East and a few other selective global markets. The company’s equity shares are listed on both NSE and BSE. The ticker symbols are KALYANKJIL and 543278 ‍‌‍‍‌‍‌‍‍‌, respectively.

REF:https://nsearchives.nseindia.com/corporate/KALYANKJIL_07112025154021_Outcome.pdf

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