Highlights

• Kalyan Jewellers’ consolidated revenue grew 42% year-on-year in Q3 FY2026.
• Candere, the digital-first jewellery platform, recorded a 147% revenue increase during the quarter.
• International operations contributed 11% to total revenue, with the Middle East reporting 28% growth. 

Kalyan Jewellers India Limited (NSE: KALYANKJIL) stock has delivered notable returns recently, with a 1-week gain of 6.98% and a 1-month increase of 9.04%. These gains align with the company’s broad-based revenue growth across domestic, international, and digital segments in the third quarter of the financial year 2026 (Q3 FY2026).

The company recorded a consolidated revenue growth of 42% in Q3 FY2026 compared to the same period last year. The company’s stock traded at ₹517.70 as of 08-Jan-2026, down ₹1.25 (-0.24%).

Domestic Operations See 42% Revenue Increase

Kalyan Jewellers’ India operations reported revenue growth of 42% for Q3 FY2026 compared to Q3 FY2025. The period after Diwali maintained demand despite fluctuations in gold prices. Revenue growth was observed across both plain gold and studded jewellery categories. Same-store sales grew by 27%, highlighting sustained performance across existing showrooms.

During the quarter, 21 new Kalyan showrooms were launched across India, expanding the company’s retail footprint.

International Markets Contribute 11% to Revenue

International operations achieved 36% revenue growth year-on-year in Q3 FY2026. In the Middle East specifically, revenues increased by 28%, primarily supported by same-store sales performance. International markets contributed 11% of consolidated revenue for the quarter. In addition, Kalyan launched one showroom in the United Kingdom, further extending its presence overseas.

Candere Drives Digital Sales With 147% Growth

Kalyan’s digital-first platform, Candere, posted a 147% increase in revenue compared to Q3 FY2025. The quarter also saw the launch of 14 new Candere showrooms in India, improving the company’s omnichannel strategy. Candere’s performance highlights growing adoption of online jewellery purchases and the company’s expanding digital reach.

Outlook and Expansion

The Q3 FY2026 results reflect revenue contributions from multiple channels, including physical retail in India and international markets, as well as digital growth via Candere. The company’s continued expansion with new showrooms both domestically and abroad supports its overall revenue trajectory.