Kalyan Jewellers India Limited — PPTs, 07-11-2025: Investor Presentation

Kalyan Jewellers delivered strong Q2FY26 results. India revenue surged 31% year-on-year to ₹6,842.8 Cr, with Profit After Tax (PAT) skyrocketing 118% to ₹262.2 Cr. This was fueled by a healthy 16% Same-Store Sales Growth (SSSG). Non-South markets now contribute 54% of India's revenue, showing robust SSSG of 17%. Consolidated Last Twelve Months (TTM) revenue reached ₹28,584.1 Cr and PAT hit ₹930.9 Cr, marking an impressive 46% PAT CAGR over the last five years.

The company's key strategy focuses on capital-light expansion through its Franchise-Owned Company-Operated (FOCO) model, with 174 FOCO Kalyan showrooms and 54 FOCO Candere showrooms in India. Plans for FY26 include launching 84 new FOCO Kalyan showrooms. Product offerings are being diversified, with expanded Candere showrooms (now featuring Shah Rukh Khan as ambassador) and new regional brands launching this fiscal year.

Recent developments include repaying ₹646.1 Cr in working capital loans since April 2023, acquiring land for an Artisan Park, and maintaining a strong AA- credit rating. Management aims for mid-to-high single-digit SSSG, planning to utilize 40-50% of profits for debt reduction, strategic investments, and rewarding shareholders with dividends. Return on Equity (ROE) hit 19.2% and Return on Capital Employed (ROCE) 23.4% TTM, reflecting excellent efficiency.