Kalyan Jewellers Posts 118% Year-Over-Year Increase in Q4 Net Profit to ₹409.5 Crore

Kalyan Jewellers Reports Strong Q4 FY26 Earnings

Kalyan Jewellers India, a leading jeweller in the country, reported a robust set of Q4 FY26 earnings on Friday, 8 May. The company's consolidated net profit surged 118% year-on-year to ₹409.5 crore, compared to ₹187.6 crore in the corresponding quarter last year.

The company's consolidated revenue from operations rose 66.2% YoY to ₹10,274.9 crore, up from ₹6,181.5 crore in Q4 FY25. This growth was driven by robust demand and strong growth across markets. The board of directors has also recommended a final dividend of ₹2.5 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the company's upcoming annual general meeting.

Kalyan Jewellers' EBITDA increased by 84.2%, rising to ₹735.7 crore from ₹399.4 crore in the same quarter in the previous year. The EBITDA margin grew to 7.2% from 6.5%. The company's standalone India business delivered strong growth during Q4 FY26, with revenue rising 68% year-on-year to ₹8,994 crore and profit after tax (PAT) increasing 97% to ₹366 crore.

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The company's international operations also posted healthy growth, with revenue rising 43% YoY to ₹1,157 crore, up from ₹807 crore in the corresponding quarter last year. International operations reported a PAT of ₹29 crore for the quarter, more than doubling from ₹14 crore a year ago.

The company's lifestyle jewellery platform, Candere, recorded revenue of ₹131 crore and a profit of ₹3 crore during Q4 FY26. Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Ltd, said that the company ended the previous financial year on a very strong note and has carried the momentum into the ongoing financial year.

Kalyan Jewellers' share price closed 3.37% higher on the BSE on Friday, touching an intraday high of ₹428.80 per share and an intraday low of ₹407.15 per share. Anshul Jain, Head of Research at Lakshmishree, noted that the stock has been consolidating within a broad ₹356–459 range over the past four months, indicating a prolonged equilibrium phase following its earlier upmove. Recent price action after the earnings reaction suggests tightening near the upper end of the range, signalling supply absorption and improving momentum.

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