Kalyan Jewellers shares gain 2% as Q2 revenue grows 26% YoY, firm records 20% same-store-sales growth

Kalyan Jewellers India's shares climbed 2% to Rs 560 on the BSE after the company released its Q2 FY27 interim business update. The firm reported a consolidated revenue growth of over 26% compared to the same period last year. India operations contributed to this growth, with a revenue increase of nearly 27% YoY, fueled by robust operating momentum and strong same-store-sales growth across key markets.

Kalyan Jewellers saw a 20% increase in same-store-sales during Q2, despite a high base following Navratri sales the previous year. The company launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai, and plans to introduce four more showrooms under a franchised model this financial year. International operations also grew by around 18% YoY, with a 12% increase in the Middle East, driven by same-store-sales growth.

Candere, Kalyan Jewellers' lifestyle jewellery brand, saw a 64% revenue growth in Q2 YoY. The company completed the sale of one non-core real estate asset valued at approximately Rs 86 crore, with plans to sell the second one valued at Rs 16 crore in the third quarter. Non-GML debt reached zero during the quarter. Kalyan Jewellers expressed optimism about the upcoming festive and wedding season, with fresh collections, campaigns, and new showroom launches.

The stock has gained more than 13% in 2026 and 12% in a year, with a market capitalization of over Rs 56,610 crore.