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Kalyan Jewellers Reports Q2 FY27 Revenue Growth Above 26%, India SSSG Around 20%

By Freedom251 Team · · 3 min read

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Kalyan Jewellers India Limited’s Q2 FY27 business update reported consolidated revenue growth of more than 26% year on year and India same-store sales growth (SSSG) of approximately 20% for the quarter ended 30 September 2026. These are operating-update figures, not audited quarterly results. The reported 2% share gain cannot be independently confirmed from the available price snapshot.

What did Kalyan Jewellers report for Q2 FY27?

Contemporary coverage of the company’s business update put consolidated revenue growth above 26% year on year. India revenue reportedly rose approximately 27%, with India SSSG around 20%. EquityBulls said the reported metrics remained subject to statutory audit limited review procedures, so they should not be described as finalized Q2 financial results. EquityBulls’ Q2 FY27 update coverage and Sahi Markets’ report provide the reported figures.

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The update gives growth rates rather than a full set of quarterly financial statements. It does not establish Q2 FY27 audited revenue or profit figures.

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What does 20% same-store sales growth mean?

Same-store sales growth compares sales at stores eligible for the company’s like-for-like measure, rather than counting all revenue from newly opened locations. It helps distinguish growth at established stores from expansion of the store network. The reported approximately 20% India SSSG is a company-update metric; the source coverage does not provide the calculation methodology or store eligibility criteria, so it should not be treated as a precisely defined independent measure.

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How did the business segments perform?

Business area Reported Q2 FY27 performance
India Revenue growth of approximately 27%; SSSG of approximately 20%.
International operations Revenue growth of approximately 18%, representing around 11% of consolidated revenue.
Middle East Revenue growth of approximately 12%, reportedly driven entirely by same-store sales.
Candere Revenue growth of approximately 64% year on year.

These figures are reported in coverage of the business update, rather than in a surfaced company-hosted Q2 FY27 document or reviewed results filing. EquityBulls

Why was the comparison quarter a high base?

Q2 FY26 included all nine days of Navratri, according to the current-quarter coverage. That timing makes the year-on-year comparison more demanding and helps explain why the reported consolidated growth rate moderated from the prior-year quarter. Kalyan’s official Q2 FY26 business update said consolidated revenue grew approximately 30%, India revenue approximately 31%, India SSSG approximately 16%, international revenue approximately 17%, and Candere approximately 127%.

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The company’s November 2025 investor presentation reported Q2 FY26 consolidated revenue of ₹78,560 million and India revenue of ₹68,428 million, with India SSSG of 16%. Those are prior-year figures, not Q2 FY27 revenue totals. Kalyan Jewellers’ investor presentations

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What else did the update say about expansion and debt?

Reports said the company opened 12 Kalyan showrooms in India, including 11 net additions, and nine Candere showrooms in India; one Kalyan showroom also opened in the United Kingdom. The reported global showroom count was 546 as of 30 September 2026. The update also said non-Gold Metal Loan debt was reduced to zero. These are reported operating and debt updates, not evidence by themselves of future growth or profitability. EquityBulls

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Did Kalyan Jewellers shares actually gain 2%?

The 2% move in the headline is not independently verified by the available price information. EquityBulls displayed a BSE snapshot of ₹548 against a previous close of ₹557, which does not indicate a 2% gain if both prices refer to the same session and basis. The snapshot’s time is not established, so it may not match the observation behind the reported headline move. Without a dated exchange quote and explicit time window, the share gain should be treated as unconfirmed.

The evidence also does not establish that the update caused a particular share-price move. A company update and a contemporaneous market change are not, on their own, proof of causation.

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What investors should take from the update

  • The reported headline operating metrics are consolidated revenue growth above 26% and India SSSG around 20%.
  • International operations and Candere also reported growth, but their scale and contribution differ from India’s.
  • Store additions and the reported reduction of non-GML debt are separate operating details, not substitutes for reviewed financial statements.
  • The company-hosted Q2 FY27 update and a formal reviewed results filing were not surfaced in the available sources; avoid treating the reported figures as audited results.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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