National News

GJEPC is Title Partner of IIJS Jewellers Cricket League

Published

1 year ago

April 12, 2025

GJEPC is proud to be the Title Partner of the highly anticipated IIJS-JCL (Jewellers Cricket League), which kicked off on 11Apr at the state-of-the-art Cricket Hub Ground, strategically located on the Banur-Landran Highway in Mohali. Representing GJEPC at this exciting event are esteemed officials Shamal Pote, Director along with team Pranabes Hazra and S. Madaan. Together, they will showcase the Council’s dynamic activities and promote its initiatives to a wider audience, underscoring GJEPC’s commitment to innovation and community engagement.

National News

Kalyan Jewellers Reports Strong Performance For Q2 FY2027

Consolidated Revenue Growth In Excess Of 26% Compared To The Same Period.Revenue For India Operations Grew By Approximately 27% Year-Over-Year In Q2 FY2027. This Was Driven By Robust Ground Momentum and A Same-Store-Sales-Growth (SSSG) Of Approximately 20%,

Published

10 minutes ago

October 8, 2026

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Kalyan Jewellers reported a strong performance for Q2 FY2027, recording consolidated revenue growth in excess of 26% compared to the same period in the previous financial year.

India Operations & Brand Expansion

Revenue & Sales Growth: Revenue for India operations grew by approximately 27% year-over-year in Q2 FY2027. This was driven by robust ground momentum and a same-store-sales-growth (SSSG) of approximately 20%, despite a high base from the previous year when all nine days of Navratri fell within Q2.
Regional Launch: In August, the company launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai. Following strong initial reception and revenue traction in its first 40+ days, plans are set to launch four additional franchised showrooms under this brand during FY2027—two in Q3 and two in Q4.
Showroom Expansion: During the quarter, the company opened 12 Kalyan showrooms in India (net addition of 11), 9 Candere showrooms in India, and 1 Kalyan showroom in the UK.

International Performance & Lifestyle Segment

International Operations: Recorded an 18% revenue growth compared to Q2 FY2026, with the Middle East delivering approximately 12% revenue growth driven entirely by SSSG. International markets accounted for roughly 11% of consolidated revenue during the quarter.
Candere: The lifestyle jewellery brand posted strong revenue growth of approximately 64% year-over-year.

Asset Divestment & Debt Reduction

The company completed the sale of one non-core real estate asset for approximately INR 86 crore, with the sale of a second parcel (valued at ~INR 16 crore) expected to close in the ongoing quarter.
Non-GML debt was brought down to zero during the quarter.

Network Presence & Outlook

As of September 30, 2026, the company’s global showroom network expanded to 546 locations, comprising 365 Kalyan India, 38 Kalyan Middle East, 2 Kalyan USA, 2 Kalyan UK, and 138 Candere stores.
Management expressed optimism for the upcoming festive and wedding season, supported by new collections, marketing campaigns, and planned showroom rollouts.