Kalyan Jewellers India Limited has informed the Exchange about Transcript
KALYANKJIL · price
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Kalyan Jewellers reported strong Q1 FY26 results with consolidated revenue of INR 7,268 crores (up 31% YoY) and PAT of INR 264 crores (up 49% YoY). India business led growth with revenue of INR 6,142 crores and PAT of INR 264 crores, while Middle East revenue grew to INR 1,026 crores. Management highlighted a new leaner vendor credit procurement model that has been piloted and is ROCE-accretive, with full rollout at Kalyan Jewellers requiring INR 1,500-2,000 crores of capital. The company plans to launch a new regional brand format (third format) before calendar year-end with an initial investment of INR 300 crores and 5 showrooms, targeting 18-20% ROCE. FOCO/franchisee share has grown to 43% of revenue, and 160+ Kalyan showrooms were added in the last 3 years.
Strong Q1 beat with management guiding for continued momentum and India PBT on the upper side of 5% for the year. The leaner credit procurement model could meaningfully expand gross margins once scaled, and the regional brand format opens a new growth vertical. Short-term: pause on debt reduction as the company deploys capital into margin and expansion initiatives.