Kalyan Jewellers India Ltd reported a robust performance in the third quarter of FY26, posting a sharp rise in profitability driven by strong revenue growth and expanding market reach. The jewellery retailer reported a consolidated profit of ₹416 crore for the quarter ended December 31, 2025, marking a 90.8% increase compared to ₹218 crore in the same period last year and a 60% rise over ₹260 crore recorded in Q2 FY26.
Revenue from operations grew 41% year-on-year to ₹10,343 crore, while total income increased 43% to ₹10,407 crore, reflecting sustained consumer demand across markets despite a challenging cost environment. The company continued to invest aggressively in brand building, with advertising and promotional expenses rising 31% to ₹178 crore during the quarter.
A key highlight of the quarter was Kalyan Jewellers’ growing traction beyond its traditional stronghold in southern India. For the first time, non-southern markets overtook the south in overall revenue contribution. Sales from non-south regions rose 47% to ₹5,289 crore, compared to a 34% increase to ₹3,758 crore in southern India, underscoring the success of the company’s national expansion strategy.
Total expenses increased 39.6% to ₹9,806 crore, driven partly by higher operating costs and a 28.6% rise in employee expenses following the implementation of India’s new labour codes. Despite these pressures, the company maintained strong margins, reflecting operating leverage and disciplined cost management.
Overall, Kalyan Jewellers’ Q3 FY26 performance highlights its ability to scale profitably while investing in brand visibility and expanding its footprint across India, positioning the company well for sustained growth in the coming quarters.
