Kalyan Jewellers Shines: India Drives 64% Revenue Surge, Gulf Headwinds Overcome

• Kalyan Jewellers reported a 64% year-on-year consolidated revenue increase in Q4, fueled by strong demand in India and overseas.
• Full-year FY26 consolidated revenue grew approximately 42%, with sustained demand in wedding and discretionary categories.
• India business revenue surged over 65% in Q4, with same-store sales growth exceeding 45% across key markets.
• International operations saw 45% growth in Q4; Middle East revenue rose 39% despite geopolitical tensions, boosted by Ramadan sales.
• Digital-first brand Candere's revenue soared over 360% in Q4 and 160% for the full year, with expansion adding 28 showrooms in India.