Kalyan Jewellers India Limited — PPTs, 06-02-2026: Investor Presentation

Kalyan Jewellers delivered a stellar Q3FY26, with consolidated revenue jumping 42% YoY to ₹10,343.4 Cr and profit after tax (PAT) surging 90% YoY to ₹416.3 Cr. India operations shined with 42% revenue growth, backed by robust 27% same-store-sales growth. Non-south markets now make up 58.5% of India's revenue, while the Middle East saw 28% growth. Studded jewellery's share in India rose to 31.2%.

Strategic focus remains on capital-light expansion via the Franchisee-Owned Company-Operated (FOCO) model, with 267 FOCO showrooms already operational across Kalyan and Candere. Further FOCO expansion is planned both domestically and internationally. Candere, their lightweight jewellery online platform, is also rapidly growing. New regional brands offering localized designs are set for launch this fiscal year. For the last twelve months, Kalyan posted a strong PAT of ₹1,128.5 Cr and a ROCE of 28.2%, alongside significant deleveraging. Management is targeting mid-to-high single-digit same-store-sales growth and plans to reward shareholders with dividends, leveraging strong free cash flow.