Kalyan Jewellers India Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kalyan Jewellers posted solid Q2 FY26 results: consolidated revenue jumped 30% to INR 7,856 Cr, with PAT soaring 100% to INR 261 Cr. H1 PAT also impressive, up 70% to INR 525 Cr. Festive season sales saw over 30% same-store growth, with post-Diwali momentum continuing strong. The company reduced debt by INR 130 Cr, targeting INR 300 Cr annually and INR 400 Cr non-GML by March 2026, aiming to be debt-free next year. A new regional jewellery brand is set to launch in Q4 FY26, targeting 5 stores and 16-18% ROCE. Store expansion is progressing, with 40 of 84 planned Kalyan India stores and 30 of 80 Candere stores now open. Management is optimistic about continued strong performance.