Kalyan Jewellers
Kalyan Jewellers Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 3 strong
The short version
The company targets to maintain robust revenue growth, demonstrated by a 38% growth in Q1 FY27 (ex-bullion). - There is a strong shift from unorganized to organized markets, providing a large growth opportunity. - Expansion plans include opening 84 Kalyan showrooms and 50 Candere showrooms in FY27, with heavier expansion expected in H2. - The newly launched regional brand, Akshaya Thanga Maligai (ATM), focused on Tamil Nadu, plans to open five showrooms initially with further expansion to other cities. - Increasing share of recycled gold in sales is expected to make the business more resilient and sustainable. - Volume growth is expected to correlate with gold price trends; when prices are lower, volume typically rises as customers buy within budget constraints. PBT margins expected to remain stable or flat in FY27 compared to FY26, factoring in customs duty benefits and margin impacts from old gold exchange and cash-for-gold schemes.
From Kalyan Jewellers's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- The company targets to maintain robust revenue growth, demonstrated by a 38% growth in Q1 FY27 (ex-bullion).
- There is a strong shift from unorganized to organized markets, providing a large growth opportunity.
- Expansion plans include opening 84 Kalyan showrooms and 50 Candere showrooms in FY27, with heavier expansion expected in H2.
- The newly launched regional brand, Akshaya Thanga Maligai (ATM), focused on Tamil Nadu, plans to open five showrooms initially with further expansion to other cities.
- Increasing share of recycled gold in sales is expected to make the business more resilient and sustainable.
- Volume growth is expected to correlate with gold price trends; when prices are lower, volume typically rises as customers buy within budget constraints.
2 more points from Kalyan Jewellers's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Kalyan Jewellers said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Kalyan Jewellers plans to open around 50 new Candere showrooms in the current financial year, focusing on adding inventory in existing stores to increase throughput.
- The new regional brand "Akshaya Thanga Maligai" (ATM) has been launched in Tamil Nadu, with the first showroom opening on August 21, 2026, followed by four more showrooms in the coming months, including expansions beyond Chennai.
- Expansion of ATM showrooms will predominantly follow a FOCO (franchise-owned company-operated) asset-light model.
- For Kalyan Jewellers, there is a target to open 84 new showrooms in India with no change in this guidance; H2 will have heavier store expansion.
2 more points from Kalyan Jewellers's call on capex
Pro opens every point from 15K+ earnings calls
Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Kalyan Jewellers said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points from Kalyan Jewellers's call on order book
Pro opens every point from 15K+ earnings calls
Kalyan Jewellers — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹10.3K Cr, net profit ₹410 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Kalyan Jewellers India Ltd's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Consumer Durables this season
- Kamdhenu Venture (Q1 FY27)
46.3 crores, down 8% YoY (Q1 FY26: Rs. Key investor presentation takeaways from Kamdhenu Venture's Q1 FY27 investor presentation — and how it ranks against sect
- Bhartiya Intl. (Q1 FY27)
Revenue for Q1 FY27 (Consolidated) is ₹374.67 crore, up 33% YoY from ₹280.86 crore in Q1 FY26. Key investor presentation takeaways from Bhartiya International L
- Pro FX (Q1 FY27)
Q1 FY27 Revenue from Operations: INR 4,606.5 Lacs, up 20.5% YoY from INR 3,821.6 Lacs in Q1 FY26 (Page 7). Key investor presentation takeaways from Pro FX's Q1
- PC Jeweller (Q1 FY27)
Reported revenue for Q1FY27: Rs 877 crores, up 21% year-on-year from Rs 725 crores in Q1FY26. Key investor presentation takeaways from PC Jeweller Ltd's Q1 FY27
Arthneeti Pro · Annual
Kalyan Jewellers and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Kalyan Jewellers Q1 FY27 results?
The company targets to maintain robust revenue growth, demonstrated by a 38% growth in Q1 FY27 (ex-bullion). - There is a strong shift from unorganized to organized markets, providing a large growth opportunity. - Expansion plans include opening 84 Kalyan showrooms and 50 Candere showrooms in FY27, with heavier expansion expected in H2. - The newly launched regional brand, Akshaya Thanga Maligai (ATM), focused on Tamil Nadu, plans to open five showrooms initially with further expansion to other cities. - Increasing share of recycled gold in sales is expected to make the business more resilient and sustainable. - Volume growth is expected to correlate with gold price trends; when prices are lower, volume typically rises as customers buy within budget constraints. PBT margins expected to remain stable or flat in FY27 compared to FY26, factoring in customs duty benefits and margin impacts from old gold exchange and cash-for-gold schemes.
What is Kalyan Jewellers share price analysis?
Kalyan Jewellers currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 42.6 with a market cap of ₹62,332 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalyan Jewellers planning capital expenditure?
Kalyan Jewellers plans to open around 50 new Candere showrooms in the current financial year, focusing on adding inventory in existing stores to increase throughput.
Keep Kalyan Jewellers on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.