Kalyan Jewellers India Limited reported a strong financial performance for the second quarter of FY27, with consolidated net profit increasing 63.9% year-on-year (YoY) to ₹427 crore, compared with ₹260.51 crore in the corresponding quarter of the previous financial year.
The company’s consolidated revenue from operations grew 31.4% YoY to ₹10,322.62 crore in Q2 FY27, against ₹7,856.03 crore in Q2 FY26. The growth was supported by strong consumer demand during the festive and wedding shopping season.
Consolidated operating profit (EBITDA) increased 29.7% YoY to ₹644.45 crore, compared with ₹497 crore in the year-ago quarter.
However, the increase in reported net profit was partly supported by a one-time gain of ₹73.5 crore during the quarter. The company’s EBITDA growth remained slightly below its revenue growth, while the EBITDA margin moderated marginally.
Kalyan Jewellers Q2 Results : Operating Performance
Kalyan Jewellers recorded consolidated EBITDA of ₹644.45 crore in Q2 FY27, registering growth of 29.7% compared with ₹497 crore in Q2 FY26.
The EBITDA margin stood at approximately 6.2%, compared with 6.3% in the corresponding quarter last year. The marginal moderation indicates that operating profitability did not expand at the same pace as revenue.
Despite the margin movement, the company recorded growth across its revenue and operating profit during the September quarter.
One-Time Gain Supports Net Profit Growth
The company’s consolidated net profit increased by nearly 64% during the quarter. However, the reported profit also included a one-time gain of ₹73.5 crore.
This exceptional contribution supported the bottom line, meaning the reported net profit growth was higher than the growth in operating profit.
The distinction between reported earnings and recurring operating performance remains important when assessing the company’s quarterly results.
Kalyan Jewellers India Business Records Growth
On a standalone basis, Kalyan Jewellers’ India business reported revenue of ₹9,007 crore in Q2 FY27, registering growth of approximately 32% compared with the corresponding quarter last year.
Standalone profit after tax stood at ₹424 crore, increasing around 62% YoY.
The company’s retail operations benefited from healthy demand during Navratri and Dhanteras. The management also expressed optimism about the ongoing festive period and the upcoming wedding season.
Kalyan Jewellers H1 FY27 Performance
For the first half of FY27, Kalyan Jewellers recorded consolidated revenue of ₹20,912 crore, compared with ₹15,125 crore in H1 FY26, registering growth of approximately 38%.
Consolidated profit after tax increased 48% to ₹776 crore from ₹525 crore in the corresponding six-month period of the previous financial year.
The first-half performance reflects continued growth in the company’s business, supported by consumer demand and expansion across its retail operations.
Kalyan Jewellers Q2 Results : Key Financial Highlights
- Consolidated revenue: ₹10,322.62 crore, up 31.4% YoY.
- Consolidated net profit: ₹427.10 crore, up 63.9% YoY.
- Consolidated EBITDA: ₹644.45 crore, up 29.7% YoY.
- EBITDA margin: Approximately 6.2%, compared with 6.3% in Q2 FY26.
- One-time gain: ₹73.5 crore.
- Standalone India revenue: ₹9,007 crore, up approximately 32% YoY.
- Standalone India PAT: ₹424 crore, up approximately 62% YoY.
- H1 FY27 consolidated revenue: ₹20,912 crore, up 38%.
- H1 FY27 consolidated PAT: ₹776 crore, up 48%.
Management Commentary and Outlook
Commenting on the performance, Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers India Limited, said the ongoing festive quarter had started well. He highlighted encouraging consumer demand, particularly during Navratri and Dhanteras, and expressed optimism about the upcoming wedding season.
The company expects festive and wedding-related demand to remain important drivers of business activity during the ongoing quarter.
Overall, Kalyan Jewellers delivered strong revenue and profit growth in Q2 FY27. While the one-time gain contributed to the increase in reported net profit, the company’s revenue and operating profit also recorded healthy year-on-year growth.
Source: Kalyan Jewellers India Limited, unaudited consolidated and standalone financial results and press release for the quarter and half year ended September 30, 2026, filed with the stock exchanges on November 10, 2026.
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