Q3 2026 Kalyan Jewellers India Ltd Earnings Call Transcript
Key Points
- Kalyan Jewellers India Ltd (BOM:543278) reported a consolidated revenue growth of 42% year-over-year for the quarter, reaching INR10,343 crores.
- The company achieved a significant increase in consolidated profit after tax, which grew by 90% compared to the same quarter of the previous year.
- Candere, the company's e-commerce platform, recorded a revenue growth of 144% and turned PAT positive during the quarter.
- The company has been successful in expanding its franchise network, with strong franchise sign-ups and plans to open 80-90 new stores annually.
- Kalyan Jewellers India Ltd (BOM:543278) has effectively managed its inventory and cash flow despite the volatility in gold prices, maintaining a strong financial position.
- The volatility in gold prices poses challenges for new franchise additions, requiring higher investment for the same tonnage.
- The company faces slower acceptance of 18-carat gold in South India, which could impact inventory optimization efforts.
- Despite strong financial performance, the company's stock has been underperforming, raising concerns among investors.
- The Middle East franchise expansion has not met expectations, limiting growth potential in that region.
- The company has not yet launched its third brand, which was planned for Q4, indicating potential delays in strategic initiatives.
Ladies and gentlemen, good day, and welcome to Kalyan Jewellers India Limited Q3 FY26 earnings call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Rahul Agarwal for his opening remarks. Thank you, and over to you, sir.
Yes. Thank you. Good evening, everyone, and thank you for joining us on Kalyan Jewellers India Limited Q3 and 9M FY26 earnings conference call. We have with us Mr. Ramesh Kalyanaraman, Executive Director; Mr. Sanjay Raghuraman, CEO; Mr. V. Swaminathan, CFO; Mr. Sanjay Mehrottra, Head of Strategy and Corporate Affairs; and Mr. Abraham George, Head of Investor Relations and Treasury.
I hope everyone had a chance to review our financial results and investor presentation, which were recently posted on the company's website and stock exchanges. We will begin the call with opening remarks from management, followed by an open forum for question and answers.
Before we begin, I'd like to point out that
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
