Kalyan Jewellers shares jump 4% as Q4 FY26 India revenue surges over 65%
Kalyan posted India revenue growth above 65% and same-store sales over 45% in Q4 FY26, with online brand Candere up 360%. Q3 FY26 profit had risen 90% to ₹416 crore. The jeweller plans non-South market expansion via franchise model and appointed two independent directors.
What happened
Kalyan Jewellers shares rose 4% on strong Q4 FY26 results, with India revenue up over 65% and online brand Candere surging 360%. Company plans non-South market
Key facts
- shares rose 4%
- Candere revenue +360%
- India revenue growth over 65% Q4 FY2026
- same-store sales growth exceeding 45%
- FY revenue growth ~43%
- Q3 FY26 profit +90% to ₹416 crore
Why this matters
The franchise-driven push into non-South markets plus two new independent directors and a 360% Candere ramp point to a company building both governance and digital infrastructure for partnership or expansion plays.
What to watch
- Gold price trajectory and its impact on volume vs value growth split
- Net debt and inventory/working-capital trends in full filing
- Q1 FY27 SSSG to test whether 45% comps are sustainable
- Candere profitability/burn as it scales 360%
- Pace of non-South store rollout and franchise economics disclosure
- Brokerages revise FY27 EPS and target prices upward post strong India print
- Peers (Titan, Senco, PN Gadgil) face comparison pressure on SSSG metrics
- Kalyan accelerates franchise signings and Candere marketing spend
- Promoter/institutional flows watched for any block trades on the rally