Kalyan Jewellers has done it again. The Thrissur-based jewellery giant posted a 31% year-on-year revenue growth in Q1 FY26, even as gold prices remained shaky and global markets faced uncertainty.
This growth came mainly from India operations, where strong demand during Akshaya Tritiya and the wedding season drove sales. Same-store-sales-growth was around 18%, showing that existing stores are performing well.
New Stores, New Markets
In Q1, Kalyan Jewellers opened 10 new showrooms in India, 1 in the USA, and 8 under the Candere brand across Indian cities. That’s a bold expansion despite tough market conditions.
Their international business also grew by 31%, with the Middle East seeing a 26% rise in revenue compared to the same quarter last year. International markets contributed about 15% of the company’s total revenue in the quarter.
Candere Is Catching Fire
Kalyan’s digital-first brand, Candere, is on a strong growth path. It clocked a massive 67% jump in revenue over last year. A new brand campaign launched in May 2025 helped boost footfalls, website traffic, and overall sales.
Clearly, Candere is no longer just a digital experiment—it’s becoming a core part of Kalyan’s retail game.
Big Plans for FY26
Kalyan Jewellers is not slowing down. For FY26, they plan to open 170 new showrooms under the Kalyan and Candere brands. This includes:
- 75 Kalyan Jewellers showrooms in non-South India
- 15 Kalyan showrooms in South India and international markets
- 80 Candere showrooms across India
All new Kalyan showrooms will follow the FOCO (Franchisee Owned, Company Operated) model.
Where Kalyan Stands Today
As of 30 June 2025, Kalyan Jewellers runs 406 showrooms:
- 287 in India
- 36 in the Middle East
- 2 in the USA
- 81 Candere showrooms across India
Kalyan continues to lead the Indian jewellery scene with bold moves, both in physical stores and online. Despite global headwinds and gold price swings, this Kerala-based brand is writing its own growth story.
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