Conference Call with Kalyan Jewellers India Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company Kalyan Jewellers India announced Q4FY26 & FY26 results Consolidated Financial Highlights Q4FY26 Total Income: Rs 1,03,211.02 million, an increase of 65.87% YoY from Rs 62,223.58 million in Q4FY25. On a QoQ basis, it saw a slight decrease from Rs 1,04,075.98 million in Q3FY26. Q4FY26 Revenue from Operations: Stood at Rs 1,02,749.42 million compared to Rs 61,815.34 million in Q4FY25, reflecting a growth of 66.22% YoY. Q4FY26 Profit after tax: Rs 4,095.03 million, up 118.28% YoY from Rs 1,876.05 million in Q4FY25. FY26 Total Income: Rs 3,59,508.83 million, registering a 42.72% YoY growth from Rs 2,51,896.67 million in FY25. FY26 Revenue from Operations: Rs 3,57,428.60 million, representing a growth of 42.71% YoY from Rs 2,50,450.66 million in FY25. FY26 Profit after tax: Rs 13,503.95 million, an increase of 89.08% YoY compared to Rs 7,141.73 million in FY25. Standalone Financial Highlights Q4FY26 Total Income: Rs 90,463.53 million, up 67.75% YoY from Rs 53,927.52 million in Q4FY25 and a slight decrease from Rs 91,220.63 million in Q3FY26. Q4FY26 Revenue from Operations: Rs 89,943.03 million, marking a growth of 68.11% YoY from Rs 53,503.88 million in Q4FY25. Q4FY26 Profit after tax: Rs 3,656.48 million, reflecting a growth of 97.25% YoY from Rs 1,853.70 million in Q4FY25. FY26 Total Income: Rs 3,12,625.29 million, showing an increase of 43.49% YoY from Rs 2,17,871.41 million in FY25. FY26 Revenue from Operations: Rs 3,10,270.92 million, up 43.39% YoY from Rs 2,16,385.95 million in FY25. FY26 Profit after tax: Rs 12,851.26 million, an 86.61% YoY increase from Rs 6,886.82 million in FY25. Dividend: The Board of Directors recommended a final dividend of Rs 2.50 (25%) per equity share of face value of Rs 10 each for the financial year ended March 31, 2026. Business Highlights International Operations: Revenue during Q4FY26 was Rs 11,570.00 million (reported as Rs 1,157 crore) compared to Q4FY25, showing a growth of over 43%. Profit after tax for the quarter reached Rs 290.00 million (reported as Rs 29 crore), representing a growth of 105%. Candere (Lifestyle Jewellery Platform): Recorded a revenue of Rs 1,310.00 million (reported as Rs 131 crore) and a profit of Rs 30.00 million (reported as Rs 3 crore) during Q4FY26. India Operations: Standalone (India) revenue for Q4FY26 was Rs 89,940.00 million (reported as Rs 8,994 crore) and Profit after tax reached Rs 3,660.00 million (reported as Rs 366 crore), growing 68% and 97% respectively. Exceptional Item: The company recognized a one-time increase in provision for employee benefits amounting to Rs 415.02 million in FY26 due to the implementation of the New Labour Codes. Operational Footprint: As of March 31, 2026, the company operates 507 showrooms across India, the Middle East, UK, and US, with a total retail area exceeding 12,00,000 sq. ft. Performance Drivers: The management noted strong growth in the Akshaya Tritiya sale and continues to observe encouraging momentum in consumer demand, particularly driven by wedding purchases. Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said: “We ended the previous financial year on a very strong and have carried the momentum into the ongoing financial year. We witnessed strong growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.” Result PDF