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Quarterly Update: Q1 FY2027- Kalyan Jewellers

Q1 FY2027 highlights robust revenue growth, expanding global footprint, and continued investment in festive season readiness.

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The recently concluded quarter has been a very satisfying one, recording consolidated revenue growth of approximately 38% when compared to the same period in the previous financial year.

We saw revenue growth in excess of 38% for our India operations during Q1 FY2027 as compared to Q1 FY2026, led by robust operating momentum on the ground with healthy same-store-sales-growth across all the key markets in the country despite the 28-day Adhik Maas period falling fully in the recently concluded quarter. Adhik Maas is a once in a 3-year phenomenon during which wedding-related demand tends to take a pause in certain parts of the country. The recently concluded quarter recorded same-store-sales-growth of approximately 28%.

We launched our ‘Shine with India’ Gold Recirculation Campaign during the second half of May with the larger objective of increasing the share of recycled gold and thereby reducing dependence on imported gold. The initiative has been well received by customers, helping us increase the share of recycled gold as a percentage of revenue to over 46% during Q1 FY2027. For the month of June, the share of recycled gold as a percentage of revenue was in excess of 55%.

Our international operations recorded revenue growth of approximately 35% for the recently concluded quarter when compared to the same period during the previous financial year. Within the Middle East specifically, we witnessed revenue growth of approximately 30% for Q1 FY2027 as compared to Q1 FY2026, driven predominantly by same-store-sales-growth despite the impact on footfall during April due to the geopolitical tensions in the region.

International markets contributed approximately 14% to our consolidated revenue for the recently concluded quarter.

Our digital-first jewellery platform, Candere, recorded a revenue growth of approximately 112% during the recently concluded quarter as compared to the same period during the last year.

During the recently concluded quarter, we launched 12 Kalyan showrooms and 5 Candere showrooms in India.

The ongoing quarter has started off well and we are upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country.

As of June 30, 2026, our total number of showrooms across India and international markets stood at 524:

  • Kalyan India – 354
  • Kalyan Middle East – 38
  • Kalyan USA – 2
  • Kalyan UK – 1
  • Candere – 129

The metrics and other details provided above are subject to the Limited Review process by our Statutory Auditors. Post approval of the results for the quarter ended June 30, 2026 by the Board of Directors, a detailed information update will follow. Revenue figures provided above refer to revenue from sale of goods (excluding bullion).

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National News

Monsoon Mood, But Make It Diamonds: 7 Pieces From Divine Solitaires That Instantly Lift A Grey Day Look

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There’s something magical about the monsoon. The rain brings a sense of calm, the weather feels refreshing, and everything slows down just enough to appreciate the little things. While our wardrobes naturally shift to softer hues and easy silhouettes, the season also calls for a touch of brilliance to brighten those grey days.

That’s where Divine Solitaires comes in. Crafted with the world’s finest natural solitaire diamonds and held to uncompromising quality standards, every piece is designed to celebrate everyday elegance. Whether you’re heading to work, meeting friends for coffee, or dressing up for a weekend outing, these timeless solitaire pieces add effortless sparkle to every monsoon look.

  1. Classic Solitaire Diamond Stud Earrings

Every jewellery collection deserves a pair of classic solitaire studs, and these are the kind you’ll wear on repeat. Elegant, versatile and timeless, Divine Solitaires’ solitaire diamond earrings instantly brighten your face while complementing everything from crisp office shirts to breezy monsoon dresses. They are the perfect reminder that sometimes, less truly is more.

2. Everyday Solitaire Pendant

Nothing elevates an everyday outfit quite like a delicate solitaire pendant. Designed for women who appreciate understated luxury, this Divine Solitaires pendant sits gracefully at the neckline, adding just the right amount of sparkle without overpowering your look. It effortlessly transitions from work meetings to evening coffee dates, making it an everyday essential.

3. Setu Solitaire Bridge Ring

Inspired by meaningful connections, the Divine Solitaires Setu Bridge Ring combines contemporary design with timeless elegance. The graceful silhouette of the Bridge Ring makes it a standout accessory for minimal monsoon styling, adding sophistication and character to every outfit while showcasing the brilliance of a natural solitaire diamond.


4. Solitaire Diamond Bangle

Rainy days often call for effortless dressing, and a solitaire diamond bangle is the perfect finishing touch. Whether worn on its own for understated elegance or stacked with your favourite watch and bracelets, this Divine Solitaires piece adds refined sparkle to your wrist, making even the simplest outfit feel thoughtfully styled. 


5. Contemporary Office Wear Solitaire Earrings

Designed for women who are always on the move, these Divine Solitaires solitaire earrings blend comfort with sophistication. Lightweight, versatile and beautifully crafted, they seamlessly take you from boardroom presentations to after-work plans, making them an ideal companion throughout the monsoon season.

6. Solitaire Fashion Pendant

If your wardrobe leans towards clean, minimal silhouettes, this Divine Solitaires solitaire fashion pendant is the perfect way to add personality. Its contemporary design catches the light beautifully, bringing freshness and elegance to monochrome outfits, soft knits and relaxed monsoon ensembles.


7. Solitaire Two Stone Ring

A beautiful symbol of togetherness and modern style, the Divine Solitaires Two Stone Ring is perfect for those who appreciate jewellery with meaning. Its distinctive design makes an elegant statement while remaining effortlessly wearable, adding brilliance to every rainy-day look and every special moment in between.

 

Shine Through Every Season

Monsoon may paint the skies grey, but your style doesn’t have to follow suit. With Divine Solitaires, every piece is thoughtfully crafted to celebrate life’s everyday moments with exceptional brilliance, timeless design and uncompromising quality. Because whether it’s sunshine or rain, a natural solitaire diamond has the power to brighten every look, and every day.

About Divine Solitaires:

Divine Solitaires is India’s most trusted brand of solitaires diamonds and pioneer in the industry that introduced curated best quality diamonds, guaranteed by a Quality Guarantee Certificate and available with Nationwide Standard and Transparent Pricing. Available at 200+ partner jewelers across the 100+ cities in India, Divine has revolutionized solitaire retail experience. With more than 3000 designs and many unique collections Divine Solitaires offers the largest range of choices to customers and creates real asset value for their investment. Divine is committed to bring rare and precious natural diamonds of unmatched quality to its customers always

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