National News
Quarterly Update: Q1 FY2027- Kalyan Jewellers
Q1 FY2027 highlights robust revenue growth, expanding global footprint, and continued investment in festive season readiness.
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).
National News
Gold Sees Decline On Shifting Global Macroeconomic Cues
Spot Gold On The COMEX Hovered Around $4,057.85 Per Bounce, Indicating That The Cautious Sentiment Is Being Felt Across Global Markets.
Gold prices on the Multi Commodity Exchange (MCX) experienced a notable pullback as market participants reacted to shifting global macroeconomic cues. The benchmark MCX Gold August 2026 Futures contract fell by 1.30%, trading at Rs 1,41,619.00 per 10 grams ahead of its upcoming expiry on August 5, 2026. Mirroring this downward trend, the Gold Mini (GOLDM) contract also slid, with its last traded price recorded at Rs 1,41,511.00.
The broader bullion market reflected a similar weakness. MCX Silver futures, set to expire on September 4, 2026, shed 1.60% of their value to trade at Rs 2,19,093.00 per kilogram. On the international front, spot gold on the COMEX hovered around $4,057.85 per ounce, indicating that the cautious sentiment is being felt across global markets.
Market analysts attribute this downward pressure to complex geopolitical and macroeconomic factors. While escalating conflicts in the Middle East would traditionally spur safe-haven demand, they have also kept inflation risks highly elevated. This sticky inflation has prompted widespread market expectations that the US Federal Reserve will maintain a prolonged high-interest-rate environment. Because higher interest rates raise the opportunity cost of holding non-yielding assets, investors have pulled back, keeping both gold and silver under pressure.
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Gold Sees Decline On Shifting Global Macroeconomic Cues
Certificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
Gold Sees Decline On Shifting Global Macroeconomic Cues
Precious Metals Slip As Middle East Conflict Shows No Signs Of Cooling AUGMONT BULLION REPORT
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International News5 hours agoCertificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
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National News5 hours agoGold Sees Decline On Shifting Global Macroeconomic Cues
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International News5 hours agoPrecious Metals Slip As Middle East Conflict Shows No Signs Of Cooling AUGMONT BULLION REPORT
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