Earnings Review
Kalyan Jewellers Q3 PAT jumps 90% YoY on firm local demand
This story was originally published at 17:48 IST on 6 February 2026
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--Kalyan Jewellers Oct-Dec consol PAT INR 4.16 bln
--Kalyan Jewellers Oct-Dec consol revenue INR 103.43 bln
--Kalyan Jewellers Oct-Dec consol PAT INR 4.16 bln vs INR 2.19 bln yr ago
--Kalyan Jewellers Q3 consol revenue INR 103.43 bln vs INR 72.78 bln yr ago
--Kalyan Jewellers Apr-Dec consol PAT INR 9.41 bln vs INR 5.27 bln yr ago
--Kalyan Jewellers Apr-Dec consol sales INR 254.68 bln vs INR 188.64 bln
--Kalyan Jewellers Oct-Dec consol EBITDA INR 7.51 bln vs INR 4.30 bln yr ago
--Kalyan Jewellers Oct-Dec consol EBITDA margin 7.3% vs 5.9% year ago
--Kalyan Jewellers Oct-Dec consol EBIT INR 6.42 bln vs INR 3.41 bln yr ago
--Kalyan Jewellers Oct-Dec consol EBIT margin 6.2% vs 4.7% year ago
--Kalyan Jewellers Q3 India revenue INR 90.48 bln vs INR 63.86 bln yr ago
--Kalyan Jewellers Q3 West Asia revenue INR 10.73 bln vs INR 8.38 bln yr ago
--Kalyan Jewellers: Net added 18 showrooms in India in Oct-Dec
--Kalyan Jewellers Q3 India gold revenue INR 60.09 bln, up 37% on year
--Kalyan Jewellers Q3 India studded sales INR 28.24 bln, up 50% on year
--Kalyan Jewellers Oct-Dec India same store sales grew 27% on year
By Gunjan Rajput
MUMBAI – Kalyan Jewellers India Ltd. reported a sharp rise in its consolidated net profit and revenue in the December quarter, boosted by strong demand in India and margin expansion. The Kerala-based company's net profit for the December quarter jumped 90% on year to INR 4.16 billion. On a sequential basis, net profit rose nearly 60%.
The company's revenue in the December quarter rose over 42% on year to INR 103.43 billion. Sequentially, revenue increased nearly 32%.
Kalyan Jewellers' earnings before interest, taxes, depreciation, and amortisation rose to INR 7.51 billion for the December quarter from INR 4.30 billion a year ago, while the EBITDA margin improved to 7.3% from 5.9%. The company's consolidated EBIT increased to INR 6.42 billion in the December quarter from INR 3.41 billion a year ago, while the EBIT margin increased to 6.2% from 4.7%.
The company reported an exceptional item of INR 415 million during the quarter, which it attributed to a one-time increase in provisions for employee benefits following the implementation of the new Labour Codes. The company's total expenses rose nearly 40% on year to INR 98.06 billion during the quarter.
The company's India revenue rose to INR 90.48 billion, up nearly 42% from INR 63.86 billion a year ago, while West Asia revenue increased to INR 10.73 billion, up over 28% from INR 8.38 billion. During the quarter, the company net added 18 new showrooms in India.
Kalyan Jewellers' India gold jewellery revenue rose 37% on year to INR 60.09 billion, while studded jewellery sales jumped 50% to INR 28.24 billion. Same-store sales in India grew 27% on year for the reporting quarter.
For Apr-Dec, Kalyan Jewellers' net profit rose over 78% on year to INR 9.41 billion. The company's top line for the period rose over 35% on year to INR 254.68 billion.
Friday, the company's shares ended at INR 380.25 on the national stock exchange, up 1.1% from the previous close. The company announced its results after market hours.
Despite the company's stellar performance during the quarter, its share price has fallen by over 38% from its six-month high of INR 616. Over the past three months, the stock has declined by nearly by 29% from a three-month high of INR 535. End
Edited by Saji George Titus
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