Kalyan Jewellers Q3 Results: Profit surges 90% YoY to ₹416 crore

Kalyan Jewellers Q3 Results: Kalyan Jewellers on Wednesday posted a stellar set of earnings for the third quarter of the financial year ended December as its net profit nearly doubled, while the revenue was higher by 40%.

Kalyan Jewellers posted a consolidated net profit of ₹416.29 crore in Q3 FY26 as against ₹218.82 crore in the same period last year amid a sharp surge in the prices of precious metals. The company clarified that the base year was impacted by a loss of ~ ₹54.8 million due to customs duty reduction.

The revenue from operations witnessed a 42% YoY growth to ₹10,343.4 crore compared with ₹7,278.1 crore, led by strong same-store sales (SSS) growth during the quarter under review.

On the operating front, EBITDA came in at ₹750.5 crore, compared with ₹430 crore on a YoY basis, recording a 75% increase. EBITDA margins came in at 7.3% compared with 5.9% in the corresponding quarter a year ago, driven by mix improvement, procurement efficiencies, operating leverage, a higher share of FOCO revenue, and gains in platinum and silver.

Kalyan Jewellers Q3 Performance Summary

The company said that the new customer addition remained healthy despite a sharp spike in gold prices, with the share of new customers at over 39% YoY.

During the quarter, it net added 18 new showrooms in India, with the share of revenue from franchised showrooms coming in at ~51% during the quarter under review.

During Q3FY26, there is a one-time exceptional impact amounting to ₹41.5 crore due to changes in employee benefit provisions arising from the New Labour Codes.

Kalyan Jewellers' board also approved the incorporation of a wholly-owned subsidiary of the company by the name of KJG Brands Private Limited or such other name as may be approved by the relevant authority(ies).

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