Kalyan Jewellers Results: How Were the Revenues in India and the Middle East?

Synopsis: The shares surged 12% after its strong Q3FY26 performance, with a 42% YoY growth and 90% annual earnings rise. The South grew 34%, the Non-South 47%, while studded sales saw a jump of 50%. The Middle East expanded 28%, and store count increased to 38, reflecting solid demand with an aggressive expansion momentum.

The shares of one of India’s largest jewellery companies jumped 12 percent in today’s trading session from an intraday high after the company posted healthy Q3FY26 earnings.

With a market capitalization of Rs 43,537.06 crore, the shares of Kalyan Jewellers India Ltd were trading at Rs 420.95 per share, increasing around 11 percent as compared to the previous closing price of Rs 379.80 apiece.

Q3FY26 Highlights

The shares of Kalyan Jewellers India Ltd have seen significant movement as it has declared its financial results in Q3FY26, in which revenue has gone up by 42 percent on a year-on-year basis from Rs 7,278 crore in Q3FY25 to Rs 10,343 crore in Q3FY26. On a quarter-on-quarter basis, the revenue has gone up by 32 percent from Rs 7,856 crore in Q2FY26 to Rs 10,343 crore in Q3FY26.

Besides, the net profit was up 90% year-on-year from Rs 219 crore in Q3FY25 to Rs 416 crore in Q3FY26, while on a quarter-on-quarter basis, net profit surged by a rise of 59% from Rs 261 crore in Q2FY26 to Rs 416 crore in Q3FY26.

Kalyan Jewellers delivered a strong India performance in Q3FY26, with South revenue rising 34% and Non-South surging 47%, taking total growth meaningfully higher. Gold revenue grew 37%, while studded revenue jumped 50%, reflecting improved product mix and demand traction. Same-store sales remained robust across regions, with studded share expanding, supporting healthier margins and diversified revenue streams.

In the Middle East, revenue increased 28% year-on-year, driven largely by healthy same-store sales growth of around 24%. Gross profit and EBITDA rose steadily, highlighting operating leverage. Store count expanded from 36 to 38 showrooms. However, a higher contribution from FOCO stores slightly moderated gross and EBITDA margins during the quarter.

Kalyan Jewellers has a strong pan-India footprint, with 91% of its showrooms located in India and a balanced 31% presence in the South and 69% in non-South markets. With 318 showrooms across 23 states and operations in multiple international markets, the company commands around 7% share of the organised jewellery segment.

Kalyan Jewellers is one of India’s leading jewellery retailers, known for its wide range of gold, diamond, and precious stone collections. With a strong pan-India presence and growing international footprint, the company blends traditional craftsmanship with modern retail formats, focusing on trust, transparency, and customer-centric offerings to drive growth.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Kalyan Jewellers Results: How Were the Revenues in India and the Middle East? appeared first on Trade Brains.