Kalyan Jewellers posts 64% profit rise in Q2 FY27 as revenue climbs 31%
The jewellery retailer reported a 63.6% year-on-year increase in consolidated net profit to Rs 427 crore for the second quarter of FY27, while revenue grew 31.4% to Rs 10,323 crore.
Kalyan Jewellers India announced that consolidated net profit for the second quarter of FY27 rose 63.6% year-on-year to Rs 427 crore, up from Rs 261 crore in the same period last year. Revenue from operations increased 31.4% to Rs 10,323 crore, and EBITDA grew 29.7% to Rs 644.7 crore, although the EBITDA margin slipped slightly to 6.25% from 6.33%.
On a standalone basis, the company’s Indian operations posted revenue of Rs 9,007 crore and profit after tax of Rs 424 crore, marking 32% and 62% growth respectively over the comparable quarter.
For the first half of FY27, consolidated revenue reached Rs 20,912 crore, up 38% from Rs 15,125 crore a year earlier, and consolidated profit after tax totaled Rs 776 crore, a 48% increase.
"We are upbeat about the wedding season and look forward to ending the quarter on a strong note," said Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers India, referring to the festive quarter that began with strong sales during Navratri and Dhanteras.
Shares closed at Rs 611 on the NSE, a 3.21% rise from the previous close, and the stock has a 52-week range of Rs 327.05 to Rs 648.95. The company’s market capitalisation stands at roughly Rs 63,101 crore.