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Kalyan Jewellers India Limited recorded revenue of 7,268 Cr with ~49% PAT growth in Q1 FY26
Kalyan Jewellers Posts 31% Revenue Growth and 49% Rise in PAT for Q1 FY26, with Revenue at ₹7,268 Cr and PAT at ₹264 Cr.
The company recorded consolidated revenue of Rs. 7,268 crore in Q1 FY26 as against Rs. 5,528 crore in the same period in the previous financial year, a growth of 31%. Consolidated PAT for the quarter was Rs 264 crore as against a PAT of Rs 178 crore in the same period in the previous financial year, a growth of 49%.
Standalone revenue (India) for Q1 FY 26 was Rs 6,142 Cr a growth of 31% when compared with the same period in the previous financial year and PAT was Rs 256 Cr, a growth of 55% when compared with the same period in the previous financial year.
International operations recorded revenue of 1,070 Cr for Q1 FY26, a growth of 32% when compared with the same period in the previous financial year. Middle East revenue and PAT for Q1 FY26 was Rs 1026 Cr and Rs 22 Cr respectively, a growth of 27% and 18% respectively.
Our lifestyle jewellery platform Candere, recorded a revenue of 66 Cr and net loss of 10 Cr for Q1 FY26.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns.”
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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