Kalyan Jewellers Q2 FY 2026-27 Profit Expected To Rise To ₹340 Crore, Revenue May Cross ₹10,000 Crore

Kalyan Jewellers India may post a 30.3% increase in profit after tax (PAT) to ₹340 crore in Q2 FY27. Revenue is also expected to cross ₹10,000 crore, reaching an estimated ₹10,246 crore, up 30.4% from the same quarter last year. However, operating margins could see a slight dip.

The jewellery retailer has scheduled a board meeting for 10 November 2026. Directors will take up the unaudited standalone and consolidated results for the September quarter and the first half of FY27, the company said in a regulatory filing.

Kalyan Jewellers share price closed at ₹560 on the National Stock Exchange (NSE) on Thursday, 5 November 2026, gaining 5.85% or ₹30.95. The stock opened at ₹543.20 and touched an intraday high of ₹560. Its low during the session stood at ₹538. At 10:31 am today, Kalyan Jewellers shares were up 4.56% on the NSE.

Kalyan Jewellers Q2 FY27 Results Estimates

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) are estimated to increase 23.6% year-on-year to ₹614 crore from ₹497 crore in the corresponding quarter last year.

However, EBITDA margin may decline to 6% from 6.3% in Q2 FY26. The estimates point to slower growth in operating profit compared with revenue.

Growth From India Business

Kalyan Jewellers' domestic operations are expected to remain the main growth driver, with India revenue estimated to rise 27% year-on-year.

International business revenue may increase 18%, while the Middle East business is expected to report 12% growth. Candere, the company's lifestyle jewellery brand, is projected to record a 64% increase in revenue during the quarter.

The company is also expected to report same-store sales growth (SSSG) of 20%. It opened 12 showrooms across India during Q2 FY27. Estimates point to a possible reversal of inventory gains recorded in the base quarter as a factor behind the expected decline in operating margin.

Kalyan Jewellers Q1 FY27 Performance

In Q1 FY27, Kalyan Jewellers reported a 32.02% year-on-year increase in consolidated net profit to ₹348.66 crore. Revenue from operations rose 45.68% to ₹10,588.92 crore. Profit before tax increased 31.68% to ₹464.81 crore.

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