Kalyan Jewellers Q2 FY27 Results: Profit Surges 64% to ₹427 Crore; ₹73.5 Crore Land Sale Gain Boosts Earnings

Kalyan Jewellers India reported a 64% year-on-year rise in consolidated net profit to ₹427 crore for the September quarter of FY27, aided by a one-time gain from the sale of investment property. The jewellery retailer had posted a profit of ₹261 crore in the corresponding quarter last year.

Revenue from operations rose 31.4% to ₹10,323 crore from ₹7,856 crore a year earlier, the company said in an exchange filing on Tuesday, November 10. The results included an exceptional gain of ₹73.5 crore, which contributed to the increase in reported profit.

Kalyan Jewellers’ earnings before interest, tax, depreciation and amortisation (EBITDA) increased 29.7% to ₹644.7 crore from ₹497.2 crore in the year-ago period. However, the EBITDA margin narrowed slightly to 6.25% from 6.33%, as operating profit grew at a slower pace than revenue.

Shares of Kalyan Jewellers last closed at ₹611 on the NSE, up 3.21% in the previous trading session.

Kalyan Jewellers Q2 FY27 Earnings

On a sequential basis, Kalyan Jewellers' consolidated net profit rose about 22.5% from ₹348.7 crore in the June quarter, while revenue declined approximately 2.5%. The company had reported revenue of around ₹10,588 crore in Q1 FY27.

The company’s India operations reported revenue of ₹9,007 crore during the quarter, registering a 32% increase from a year earlier. Profit after tax from the domestic business rose 62% to ₹424 crore.

For the first six months of FY27, consolidated revenue increased 38% to ₹20,912 crore from ₹15,125 crore in the year-ago period, while net profit rose 48% to ₹776 crore from ₹525 crore.

The company’s profit before exceptional items and tax increased to approximately ₹487 crore from ₹350 crore a year earlier, reflecting growth in earnings before accounting for the one-time property sale gain.

Kalyan Jewellers Executive Director Ramesh Kalyanaraman said the festive quarter had begun well, with encouraging demand during Navratri and Dhanteras. He also expressed optimism about jewellery demand during the upcoming wedding season.

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