Kalyan Jewellers India Limited has informed the Exchange about Transcript
KALYANKJIL · price
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Kalyan Jewellers reported strong Q4 FY26 results with consolidated revenue of INR10,275 crores (66% YoY growth) and PAT of INR410 crores (118% growth). For full year FY26, consolidated revenue reached INR35,740 crores with PAT of INR1,350 crores, both showing ~89% growth. The company reduced non-GML debt by INR360 crores in FY26, taking it from INR1,300 crores to INR300 crores over 3 years. Management guided that non-GML debt will become zero in FY27, potentially by H1 itself, resulting in ~INR30 crores annual interest savings. The company plans to open 150 showrooms in FY27 across Kalyan, Candere, and a new regional brand. Candere turned PAT positive in H2 FY26 with revenue growth of 160%. Management noted Q4 saw strong SSSG divergence between South and non-South regions, with non-South performing significantly better.
Strong execution with near-term debt elimination should improve profitability; however, management explicitly stated gross margin gains from silver/platinum in FY26 were one-time benefits that won't repeat, suggesting margin pressure ahead.