Kalyan Jewellers' December quarter has been 'very fulfilling' with a consolidated revenue growth of 39% on year, along with India operations seeing 41% growth on the back on 'very strong festive and wedding demand', the company has said.
In a company filing, Kalyan Jewellers on January 7, said that the demand was visible in both gold and studded categories, with a healthy same-store-sales-growth of around 24%. The company said it launched 24 showrooms in India during the quarter, and there is a strong pipeline of showrooms for the current quarter as well.
"For FY26, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats - 75 Kalyan showrooms (all Franchisee Owned Company Operated) in non-south India, 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India," said Kalyan Jewellers.
The company also launched its first showroom in America during December quarter. The Middle East for Kalyan revenue increased by 22% on year, contributing 11% to total revenue. Candere, Kalyan's digital-first platform, posted 89% growth on year, and launched 23 new showrooms.
Read More: Kalyan Jewellers Q2 Net declines 3.3% on year to Rs 130.3 crore, revenue up 37%
On a one-year basis, the shares of Kalyan Jewellers have risen by more than 108%.
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