Kalyan Jewellers India Limited reported preliminary revenue growth of more than 26% year on year for the September quarter before its board considers full results Tuesday, Nov. 10.
The quarter ended Sept. 30, 2026. Revenue in India advanced about 27% year on year, while same-store sales increased about 20% year on year, the company said in an Oct. 7 filing. The entire Navratri festival fell within the year-earlier quarter, which the company said had lifted festive sales and made the comparison tougher.
The company cautioned that its update is preliminary. It covers goods sales excluding bullion, and its statutory auditors’ limited review is ongoing. Revenue from international operations rose about 18% year on year, and Candere revenue increased about 64% year on year. The company also reported about 12% year-on-year growth in the Middle East, driven by same-store sales, and said international markets made up about 11% of consolidated revenue.
Kalyan Jewellers launched 12 showrooms in India during the quarter, with 11 net additions. Candere launched nine showrooms in India. The company’s total showroom count stood at 546 as of Sept. 30.
LiveMint reported that the shares rose about 4% intraday on Nov. 9, reached ₹614.50 and gained 43.65% over six months. The outlet cited Rajesh Bhosale, a technical analyst at My Advisor Alpha, as identifying ₹610 as resistance and ₹570 as support. Gaurav Arora, SAHI’s head of research, told LiveMint he saw resistance from ₹630 to ₹650, support at ₹560 to ₹565, and ₹500 as a possible retest level if support failed.
Arora also told LiveMint that sharp movements in gold prices could affect inventory gains and profitability, putting margins among the issues investors would watch in the results. The preliminary update did not include final profit or margin figures.
The board is scheduled to consider unaudited standalone and consolidated results for the quarter and half year on Tuesday, Nov. 10, a date the National Stock Exchange of India lists as a trading holiday. The company scheduled its results call for Nov. 11 at 8:30 a.m. IST (3 a.m. UTC).
