Kalyan Jewellers Q2 Profit Rises 63.9% to Rs 427.1 Crore

Kalyan Jewellers India reported a consolidated profit after tax of Rs 427.1 crore for the July to September 2026 quarter (Q2 FY27), up 63.9% from Rs 260.5 crore a year earlier. Revenue from operations rose 31.4% to Rs 10,322.6 crore from Rs 7,856 crore. The Thrissur-based jeweller announced the results on 10 November 2026.

Part of the profit came from a one-time land sale. The company sold part of its investment property during the quarter and booked a gain of Rs 73.46 crore as an exceptional item. Before this item and tax, profit rose 38.9% to Rs 486.6 crore from Rs 350.3 crore.

Kalyan Jewellers Q2 FY27 at a glance

Kalyan Jewellers' first half crosses Rs 20,900 crore in revenue

For the six months to 30 September 2026, Kalyan Jewellers' consolidated revenue from operations was Rs 20,911.5 crore, up about 38.3% from Rs 15,124.5 crore. Profit after tax for the half year was Rs 775.8 crore, up about 47.9% from Rs 524.6 crore.

How the land sale added to Kalyan Jewellers' profit

Kalyan Jewellers said in its results filing that it sold part of its investment property, which is land, during the quarter. Because the deal does not recur, the company reported the Rs 73.46 crore gain as an exceptional item. In its 7 October 2026 business update, the company said this was one of two non-core real estate parcels it had marked for sale, valued at about Rs 86 crore.

The company said in the same update that it expects to complete the sale of the second parcel, valued at about Rs 16 crore, during the October to December quarter. It also said its non-GML debt, which leaves out gold metal loans, came down to zero during the quarter.

Where Kalyan Jewellers' showroom network stood in September

Kalyan Jewellers is headquartered in Thrissur, Kerala, and sells gold, diamond and precious stone jewellery. Its stores are in India, the Middle East, the US and the UK, and it also runs the lifestyle jewellery brand Candere. In its 7 October update, the company said that during the quarter it opened 12 Kalyan showrooms in India (11 net), 9 Candere showrooms and 1 Kalyan showroom in the UK.

The same update said Candere's revenue grew about 64% in the quarter, international revenue grew about 18% and the Middle East grew about 12%. The company also launched its first regional brand, Akshaya Thanga Maligai, in Chennai in August.

Ramesh Kalyanaraman on the festive and wedding season

"The ongoing festive quarter has started off very well and we are very encouraged by the growth on the ground, especially during Navratri and Dhanteras. We are upbeat about the wedding season and look forward to ending the quarter on a strong note."

In its October update, the company said it plans to open four more Akshaya Thanga Maligai showrooms under the franchise model this financial year, two in the October to December quarter and two in the January to March quarter.

Kalyan Jewellers' numbers after the September quarter

Kalyan Jewellers ended Q2 FY27 with profit after tax of Rs 427.1 crore, including a Rs 73.46 crore land sale gain, on revenue of Rs 10,322.6 crore. For the first half of the year, revenue was Rs 20,911.5 crore and profit after tax was Rs 775.8 crore. The company had 546 showrooms across India, the Middle East, the US and the UK on 30 September 2026.

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