Kalyan Jewellers India Limited — PPTs, 08-05-2026: Investor Presentation

Kalyan Jewellers delivered strong financial results for the quarter and year ended March 31, 2026.

1. **Business Performance**: Consolidated revenue grew 43% YoY to ₹35,742.9 Cr, with profit after tax soaring 89% to ₹1,350.4 Cr in FY26. Q4 also saw robust growth, with revenue up 66% to ₹10,274.9 Cr and PAT jumping 118% to ₹409.5 Cr. This was primarily fueled by healthy Same-Store-Sales Growth (SSSG) of 47% in India, notably 62% in non-South markets.

2. **Growth Drivers or Strategy**: The company's capital-efficient franchisee-owned company-operated (FOCO) store model is a key driver for expansion, aiming to accelerate Return on Capital Employed (ROCE). Expanding the Candere showroom network and launching new regional brands for localized designs are also strategic priorities.

3. **Recent Developments**: Kalyan added 28 net new showrooms in India during Q4 FY26, bringing the total to 342 Kalyan and 124 Candere showrooms in India (total 507 globally). Candere, the online platform, reported ₹425.3 Cr revenue in FY26 and onboarded Shah Rukh Khan as brand ambassador.

4. **Key Financial Metrics**: ROCE improved significantly to 28.8% in FY26, and Return on Equity (ROE) hit 24.3%. The company's credit rating was enhanced to AA- (Stable).

5. **Management Commentary / Outlook**: The company aims for mid to high single-digit SSSG and plans to completely pay down non-gold metal loan (non-GML) debt in FY27. Future expansion, including 84 Kalyan and 50 Candere FOCO showrooms in FY27, will largely be capital-light, rewarding shareholders with dividends.