Kalyan Jewellers Share Price Jumps Around 14% in 3 Days; Here’s Why

On Tuesday, Indian markets opened on a negative note, with the Nifty 50 declining 0.51 per cent to trade at 22,895 at 9:30 AM. Amid this, Kalyan Jewellers remained in focus after emerging as a top gainer in the previous session. The stock recorded strong trading volumes of around 1.25 crore shares, compared to its average volume of 0.36 crore shares. In Monday’s session, the share price surged 6.59 per cent to close at Rs 420. On Tuesday, the stock opened nearly 3 per cent higher but pared gains and was trading around Rs 421, up 0.23 per cent from its previous close.

The stock movement comes after the company reported a strong business update for Q4 FY26, with consolidated revenue growing approximately 64 per cent YoY and full-year revenue rising around 42 per cent YoY. The India business recorded over 65 per cent YoY growth during the quarter

Kalyan Jewellers Strong Q4 Performance

Kalyan Jewellers reported consolidated revenue growth of approximately 64 per cent YoY for the quarter ended March 31, 2026, while full-year FY2026 revenue increased around 42 per cent YoY.

The India business remained the key growth driver, delivering revenue growth in excess of 65 per cent YoY in Q4FY26, supported by strong same-store sales growth of over 45 per cent across key markets. Demand remained high across both wedding and discretionary segments despite volatility in gold prices. For the full year, the India segment recorded revenue growth of around 43 per cent YoY.

International operations also reported healthy traction, with revenue growth of approximately 45 per cent YoY during the quarter. In the Middle East, revenue rose around 39 per cent YoY, primarily driven by same-store sales growth. While geopolitical disruptions impacted customer footfalls during part of March, strong Ramadan demand in the latter part of the month helped offset the impact. International markets contributed about 11 per cent to consolidated revenue in Q4 and recorded full-year growth of approximately 33 per cent YoY.

Candere, the company’s digital-first jewellery platform, continued to scale rapidly, reporting revenue growth of over 360 per cent YoY in Q4FY26 and approximately 160 per cent YoY for the full year, indicating strong traction in the online segment.

Kalyan Jewellers Showroom Expansion Continues

On the expansion front, the company launched 28 showrooms (net addition of 24) in India along with 14 Candere showrooms during the quarter. The company added that the new financial year has begun on a positive note, supported by strong footfalls and encouraging advance collections for Akshaya Tritiya and the upcoming wedding season.

As of March 31, 2026, the company’s total showroom count stood at 507 across India and international markets. This includes 342 showrooms in India, 38 in the Middle East, 2 in the United States, and 1 in the United Kingdom under the Kalyan brand, along with 124 showrooms under its digital-first brand, Candere.

About Kalyan Jewellers

Kalyan Jewellers India Limited is a leading jewellery retailer headquartered in Thrissur, Kerala, engaged in the design, manufacture, and sale of gold, diamond, and other precious stone jewellery. The company primarily operates in the wedding and occasion-based jewellery segment, catering to a wide customer base across price points. The company also operates Candere, its digital-first jewellery platform, expanding its reach in the online segment.

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Disclaimer: The article is for informational purposes only and not investment advice.