Kalyan Jewellers Q3 Results FY26: Profit Nearly Doubles to ₹416 Crore

Kalyan Jewellers delivered a remarkable performance in Q3 FY26, reporting a net profit that almost doubled compared to the same quarter last year. The company’s growth comes amid a sharp rise in precious metal prices, showing its ability to navigate a challenging market with operational efficiency and strong demand.

Market Performance Snapshot

The third-quarter results highlight Kalyan Jewellers’ robust business momentum:

• Net Profit: ₹416.29 crore, up 90% from ₹218.82 crore a year ago
• Revenue from Operations: ₹10,343.4 crore, a 42% increase over ₹7,278.1 crore
• EBITDA: ₹750.5 crore, a 75% rise from ₹430 crore in Q3 FY25
• EBITDA Margin: 7.3%, compared to 5.9% last year

This performance reflects strong operational control, improved product mix, and better efficiencies in procurement.

Operational Highlights

Kalyan Jewellers strengthened its position through both sales and expansion:

• Customer Growth: More than 39% of buyers were new customers, showing continued market appeal even as gold prices climbed
• Store Expansion: 18 new showrooms were launched in India during the quarter
• Revenue Mix: Franchised showrooms contributed roughly 51% of the total revenue
• One-Time Impact: Employee benefit provisions under the New Labour Codes led to a ₹41.5 crore exceptional charge

The combination of same-store sales growth, operational leverage, and gains in platinum and silver helped improve profitability and margins.

Financial Performance Overview

These figures indicate a strong rebound compared to the previous year, driven by strategic operational improvements and solid demand across markets.

Strategic Moves

Beyond financial growth, Kalyan Jewellers also approved the creation of a wholly-owned subsidiary, KJG Brands Private Limited, to support future business initiatives and brand development.

Summary

Q3 FY26 has been a significant quarter for Kalyan Jewellers. The company managed to nearly double its net profit while expanding revenue and margins, despite rising gold prices. Strong customer acquisition, showroom expansion, and efficient operations were key drivers. With its continued focus on growth and diversification across metals and store formats, Kalyan Jewellers is reinforcing its position as a leading player in the jewellery market.

Source: Livemint