Kalyan Jewellers India share price
NSE: KALYANKJILBSE: 543278Consumer DurablesMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹504.80.
27 Oct: open ₹505.85, high ₹507.50, low ₹490.60
- Next results date: the board meets on 10 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹51,638 Cr219th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 35.99
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 8.19
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.50%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 25.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 31.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 56,10,84324.0% delivered
About Kalyan Jewellers India
Kalyan Jewellers India Limited is a jewellery retailer headquartered in Thrissur, Kerala, that sells gold, diamond, precious-stone and everyday jewellery through a chain of showrooms.12 It serves customers in India and, through subsidiaries, in the UAE, Qatar, Kuwait, Oman, the US and the UK, with brands aimed at different ages, budgets and regional tastes.34
It sells under the Kalyan Jewellers brand for traditional jewellery, Candere for contemporary everyday wear, and Akshaya Thanga Maligai, a regional brand offering traditional Tamil jewellery.2 Candere began online in 2013, was acquired in 2017 and now also runs showrooms.54 The company uses a franchisee-owned, company-operated (FOCO) model, in which franchise partners fund the showroom and its inventory while the company runs it.6 Its 'My Kalyan' neighbourhood centres reach semi-urban and rural households and enrol customers in jewellery savings plans.7
T.S. Kalyanaraman opened the first Kalyan Jewellers showroom in Thrissur in 1993, extending a family business that began with a textile mill in Kerala in 1908.89 Kalyan Jewellers opened its first showroom outside Kerala in 2004 and outside South India in 2012, and received equity investment from Warburg Pincus in 2014.10 The company was formed in 2009 from the earlier Kalyan Jewellers business entities and has been listed on NSE and BSE since 26 March 2021.1112
Its promoters include Managing Director T.S. Kalyanaraman and his sons T.K. Seetharam and T.K. Ramesh, both whole-time directors.1314 The board is chaired by Vinod Rai, an independent director and a former Comptroller and Auditor General of India.15
Kalyan Jewellers India key points
Results
- In the quarter to Jun 2026, consolidated revenue excluding bullion sales (precious metal sold in bulk) was ₹10,008 crore, up 38% from a year earlier. EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹633 crore, against ₹508 crore.16
- Consolidated profit after tax was ₹349 crore in the quarter to Jun 2026, against ₹264 crore a year earlier; the India business had a one-off gain of about ₹41 crore from an import duty increase in the quarter.1718
- In the year to Mar 2026, consolidated revenue was ₹3,57,429 million and EBITDA ₹24,912 million, against ₹15,172 million a year earlier.1920
- Consolidated profit after tax for the year to Mar 2026 was ₹13,504 million, against ₹7,142 million a year earlier.20
Revenue mix
- Studded jewellery (set with diamonds, polki, uncut diamonds or precious stones) made up 29.7% of India revenue in the quarter to Jun 2026, against 30.3% a year earlier, and 16.3% of Middle East revenue, against 18.3%.2122
- Franchised showrooms gave about 57% of India revenue in the quarter to Jun 2026.23
- In the quarter to Jun 2026, recycled gold (old gold taken back from customers) made up 46% of India revenue, against 30% a year earlier.2425
Where revenue comes from
- Revenue of the India and Middle East businesses, excluding bullion sales26
Item quarter to Jun 2026 quarter to Jun 2025 India business ₹8,503 crore ₹6,142 crore Middle East business ₹1,320 crore ₹1,026 crore - India EBITDA was ₹500 crore in the quarter to Jun 2026, against ₹434 crore, and India profit after tax ₹321 crore, against ₹256 crore. Middle East EBITDA was ₹90 crore, against ₹73 crore.27
- In India, same-store sales growth (growth at showrooms open in both periods) was about 30% in the South and 27% elsewhere in the quarter to Jun 2026.28
Branches and reach
- Showrooms at the end of June 20262930In all, the company had 524 showrooms in India, the US, the UK and the Middle East.
Item quarter to Jun 2026 Kalyan Jewellers, India 354 (234 franchised) Candere, India 129 (73 franchised) Kalyan Jewellers, Middle East 38 Kalyan Jewellers, US 2 Kalyan Jewellers, UK 1 - Of Kalyan Jewellers' showrooms, 92% are in India and 8% abroad; in its India network, 69% of showrooms are outside South India and 73% outside metro cities.31
- The company runs 1,157 'My Kalyan' centres with 4,723 staff for door-to-door outreach; these centres account for about 21% of revenue from operations in India.323334
- The company works with local artisans as contract manufacturers and has 15 procurement centres in the main jewellery manufacturing regions.33
Candere
- Candere's revenue was ₹4,253 million in the year to Mar 2026, up 160%, and it turned profitable after tax in the second half of that year.3536
- In the quarter to Jun 2026, Candere's revenue was ₹141 crore, against ₹66 crore a year earlier, and it made a profit of ₹2.1 crore, against a loss of ₹10 crore.37
Debt
- At the end of March 2026, standalone gross debt was ₹16,001 million: ₹12,833 million of gold metal loans (gold borrowed from banks to stock showrooms) and ₹3,168 million of other borrowings.3839
- Kalyan Jewellers cut its debt in India other than gold metal loans by about ₹5,640 million in the year to Mar 2026.40
- On its earnings call of 4 Aug 2026, the company said it had signed agreements to sell 2 parcels of non-core land for about ₹102 crore; the company's documents give no outcome.41
What the company expects
- In its presentation of 4 Aug 2026, the company said it plans to open 84 Kalyan Jewellers showrooms in India in the year to Mar 2027, all franchised, plus 6 abroad and 50 Candere showrooms.42
- On its earnings call of 4 Aug 2026, the company said the first Akshaya Thanga Maligai showroom would open in Chennai on 21 August, followed by 4 more; the company's documents give no outcome.43
- On its earnings call of 4 Aug 2026, the company said recycled gold was over 55% of its revenue in June 2026 and that it aims to keep the share between 55% and 60%.44
- On its earnings call of 4 Aug 2026, the company said it believes its profit before tax margin should stay at least in the range of last year's, even on a conservative basis.45
Recent events
- On 22 Sep 2026, the company said India Ratings and Research had reaffirmed its credit ratings (an agency's opinion of how likely a borrower is to repay) on its bank facilities at IND AA-/Positive/IND A1+.46
- On 8 May 2026, the board recommended a final dividend of ₹2.5 a share for the year to Mar 2026, subject to approval at the annual general meeting of 19 Sep 2026; the company's documents give no outcome.4748
Last updated
All 48 sources, each with its page
- 1. Annual report, 20 Aug 2026, page 73
- 2. Annual report, 20 Aug 2026, page 5
- 3. Annual report, 20 Aug 2026, page 110
- 4. Annual report, 20 Aug 2026, page 9
- 5. Annual report, 20 Aug 2026, page 11
- 6. Annual report, 20 Aug 2026, page 37
- 7. Annual report, 20 Aug 2026, page 8
- 8. Investor presentation, 4 Aug 2026, page 7
- 9. Annual report, 20 Aug 2026, page 5
- 10. Annual report, 20 Aug 2026, page 6
- 11. Annual report, 20 Aug 2026, page 73
- 12. Annual report, 20 Aug 2026, page 42
- 13. Annual report, 20 Aug 2026, page 38
- 14. Annual report, 20 Aug 2026, page 39
- 15. Annual report, 20 Aug 2026, page 27
- 16. Earnings call, 4 Aug 2026, page 4
- 17. Earnings call, 4 Aug 2026, page 4
- 18. Investor presentation, 4 Aug 2026, page 36
- 19. Annual report, 20 Aug 2026, page 15
- 20. Annual report, 20 Aug 2026, page 36
- 21. Investor presentation, 4 Aug 2026, page 37
- 22. Investor presentation, 4 Aug 2026, page 38
- 23. Investor presentation, 4 Aug 2026, page 36
- 24. Investor presentation, 4 Aug 2026, page 36
- 25. Earnings call, 4 Aug 2026, page 3
- 26. Earnings call, 4 Aug 2026, page 4
- 27. Earnings call, 4 Aug 2026, page 4
- 28. Investor presentation, 4 Aug 2026, page 37
- 29. Investor presentation, 4 Aug 2026, page 8
- 30. Investor presentation, 4 Aug 2026, page 7
- 31. Investor presentation, 4 Aug 2026, page 15
- 32. Investor presentation, 4 Aug 2026, page 9
- 33. Investor presentation, 4 Aug 2026, page 17
- 34. Investor presentation, 4 Aug 2026, page 19
- 35. Annual report, 20 Aug 2026, page 35
- 36. Annual report, 20 Aug 2026, page 11
- 37. Earnings call, 4 Aug 2026, page 5
- 38. Investor presentation, 4 Aug 2026, page 35
- 39. Annual report, 20 Aug 2026, page 42
- 40. Annual report, 20 Aug 2026, page 15
- 41. Earnings call, 4 Aug 2026, page 4
- 42. Investor presentation, 4 Aug 2026, page 34
- 43. Earnings call, 4 Aug 2026, page 4
- 44. Earnings call, 4 Aug 2026, page 3
- 45. Earnings call, 4 Aug 2026, page 12
- 46. Exchange filing, 22 Sep 2026, page 1
- 47. Annual report, 20 Aug 2026, page 29
- 48. Annual report, 20 Aug 2026, page 42
Results
Consolidated; ₹ crore.Kalyan Jewellers India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +45.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +79.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹10,589 Crup 3.06%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹349 Crdown 14.86%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.3%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,065 | 7,287 | 6,182 | 7,268 | 7,856 | 10,343 | 10,275 | 10,589 |
| Net profit | 130 | 219 | 188 | 264 | 261 | 416 | 410 | 349 |
| Net margin | 2.1% | 3.0% | 3.0% | 3.6% | 3.3% | 4.0% | 4.0% | 3.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹35,743 Crup 42.71%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,350 Crup 89.09%
- Net margin
- 3.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 8,573 | 10,818 | 14,071 | 18,548 | 25,045 | 35,743 |
| Net profit | −6 | 224 | 432 | 596 | 714 | 1,350 |
| Net margin | −0.1% | 2.1% | 3.1% | 3.2% | 2.9% | 3.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Jewellery, which carries all its revenue.
Valuation
Today, against the company's own history.Kalyan Jewellers India PE ratio and valuation
At or below today's level on 35% of 1,171 trading days since Feb 2022.
At or below today's level on 48% of 1,239 trading days over the last 5 years.
At or below today's level on 100% of 1,214 trading days over the last 5 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −18.9% | +88.7% | −57.4% | 0.7% |
| 3 years | +53.2% | +46.0% | +4.6% | 0.4% |
| 5 years | +41.1% | – | – | 0.3% |
Mutual fund holdings
126 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 79 of the 86 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 126 funds holding Kalyan Jewellers India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 37
- CutCut. Funds that held fewer shares than at the end of the month before.
- 49
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 36
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
| 5,80,00,000 | 7.98% | ₹3,208.3 Cr | |
| 2,00,00,000 | 8.23% | ₹1,106.3 Cr | |
| 64,50,835 | 2.58% | ₹356.8 Cr | |
| 63,04,921 | 2.87% | ₹348.8 Cr | |
| 44,63,469 | 1.73% | ₹246.9 Cr | |
| 44,01,669 | 3.41% | ₹243.5 Cr | |
| 38,58,300 | 0.46% | ₹213.4 Cr | |
| 34,07,400 | 0.25% | ₹188.5 Cr | |
| 30,38,976 | 0.92% | ₹168.1 Cr | |
| 29,22,223 | 3.51% | ₹161.6 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Kalyan Jewellers India insider trading
- Directors and key managers4 purchases, 0 sales₹39 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹39 Cr
- Promoters and promoter group: no market trade · 6 pledge filings of unclear kind
- Others: no market trade · 8 pledge filings of unclear kind
Kalyan Jewellers India competitors and peers
Gems, Jewellery And Watches, 103 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Kalyan Jewellers India in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,87,599 | 67.29 | 24.68 | +45.1% | +55.1% | 42.2% | 31.5% | 0.34% | |
| 19,041 | – | – | – | – | – | – | 0.00% | |
| 16,330 | 18.22 | 1.76 | +29.3% | +45.9% | 10.8% | 9.4% | 0.00% | |
| 14,801 | 37.85 | 10.45 | +83.1% | +262.5% | 31.1% | 25.7% | 0.38% | |
| 14,483 | 36.58 | 10.30 | +73.0% | – | 32.4% | 24.8% | 0.00% | |
| 11,520 | 109.89 | 6.27 | – | – | 6.0% | 9.6% | 0.00% | |
| 8,435 | 18.93 | – | +47.8% | +76.8% | 25.3% | 17.1% | 0.00% | |
| 6,577 | 63.03 | 4.42 | +30.4% | +12.8% | 8.4% | 7.6% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Kalyan Jewellers India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.50 |
| 4 Sep 2025 | Final | ₹1.50 |
| 9 Aug 2024 | Final | ₹1.20 |
| 4 Aug 2023 | Final | ₹0.50 |
Latest announcements
Routine notices left out.Kalyan Jewellers India announcements
Oct 2026
26 Oct · Analysts
23 Oct · Analysts
22 Oct · Board meeting
7 Oct
Sep 2026
30 Sep
23 Sep · Analysts
Kalyan Jewellers India share price by year
Each calendar year to 2025.Kalyan Jewellers India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 485.35 | −36.7% | 787.90 | 407.50 |
| 2024 | 766.25 | +116.4% | 775.45 | 330.00 |
| 2023 | 354.10 | +179.8% | 354.10 | 101.35 |
| 2022 | 126.55 | +84.9% | 131.15 | 55.85 |
| 2021 | 68.45 | – | 86.30 | 56.70 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 510.00 | 518.00 | 500.00 | 504.80 | 508.33 | 38,70,653 | 28.0% |
| 23 Oct 2026 | 530.90 | 531.75 | 500.45 | 512.00 | 511.35 | 50,71,367 | 26.6% |
| 22 Oct 2026 | 558.05 | 558.10 | 530.00 | 530.40 | 538.01 | 43,72,536 | 22.7% |
| 21 Oct 2026 | 555.00 | 572.80 | 553.70 | 557.00 | 565.30 | 1,37,98,697 | 38.1% |
| 19 Oct 2026 | 559.10 | 561.80 | 550.00 | 551.30 | 555.32 | 22,93,449 | 27.7% |
| 16 Oct 2026 | 559.00 | 562.80 | 555.60 | 558.00 | 559.80 | 24,95,515 | 20.9% |
| 15 Oct 2026 | 560.60 | 563.70 | 553.00 | 558.85 | 558.26 | 23,62,896 | 28.3% |
| 14 Oct 2026 | 570.00 | 572.40 | 561.30 | 564.00 | 566.56 | 32,39,469 | 33.8% |
| 13 Oct 2026 | 564.05 | 572.00 | 558.35 | 571.00 | 565.77 | 36,54,800 | 29.5% |
Company details
- NSE symbol
- KALYANKJIL
- BSE code
- 543278
- ISIN
- INE303R01014
- Industry
- Consumer Durables
- Website
- www.kalyanjewellers.net
- CIN
- L36911KL2009PLC024641
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2009
- Registered office
- TC-32/204/2, Sitaram Mill Road, Punkunnam, Thrissur 680002, Kerala
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments