Kalyan Jewellers India Ltd
Kalyan Jewellers India Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Store Expansion: Plan to open 170 showrooms across Kalyan and Candere formats in FY26, including 90 Kalyan stores in India and 80 Candere stores nationwide, focusing on metro, Tier 1, and Tier 2 locations. For FY26, Kalyan Jewellers targets PBT margins above 5%, improving from 3.8% in FY25 (adjusted margin would have been ~5% excluding inventory impact).
From Kalyan Jewellers India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Store Expansion: Plan to open 170 showrooms across Kalyan and Candere formats in FY26, including 90 Kalyan stores in India and 80 Candere stores nationwide, focusing on metro, Tier 1, and Tier 2 locations.
- Same Store Sales Growth (SSG): Achieved a 21% SSG recently; expect strong value-driven growth due to pushing studded jewellery rather than focusing solely on gold volume.
- Revenue Growth: With aggressive store expansion and robust SSGs, overall revenue growth for FY26 is expected to be strong and better than the previous year.
- Studded Mix: Maintain studded jewellery ratio around 30-32%, supporting higher-margin sales despite expansion into Tier 2 and Tier 3 markets.
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Profitability & Margins
See what Kalyan Jewellers India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- For FY '26, Kalyan Jewellers plans to open 170 showrooms across Kalyan and Candere formats.
- Maintenance capex for FY '26 is expected to be around INR 150 crores.
- New showroom capex in India for FY '25 was approximately INR 200 crores.
- South India franchisee model stores have capex put by Kalyan, around INR 40-50 crores in FY '25.
- Candere store expansion: planning to open 80 stores in India during the current financial year through a mix of FOCO and COCO showrooms.
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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
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Order Book & Pipeline
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Kalyan Jewellers India Ltd — Quarterly revenue & net profit
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.
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What Kalyan Jewellers India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 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 →
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Frequently Asked Questions
What were Kalyan Jewellers India Ltd Q4 FY25 results?
Store Expansion: Plan to open 170 showrooms across Kalyan and Candere formats in FY26, including 90 Kalyan stores in India and 80 Candere stores nationwide, focusing on metro, Tier 1, and Tier 2 locations. For FY26, Kalyan Jewellers targets PBT margins above 5%, improving from 3.8% in FY25 (adjusted margin would have been ~5% excluding inventory impact).
What is Kalyan Jewellers India Ltd share price analysis?
Kalyan Jewellers India Ltd currently shows a neutral. The stock trades at a P/E of 40.2 with a market cap of ₹58,815 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalyan Jewellers India Ltd planning capital expenditure?
For FY '26, Kalyan Jewellers plans to open 170 showrooms across Kalyan and Candere formats.
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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.