Why did kalyan jewellers rally upto 3% after q4 results?

Shares of Kalyan Jewellers India Ltd rose up to 3% on Friday after the jewellery retailer reported strong Q4 FY26 earnings, driven by robust revenue growth and sharp improvement in profitability.

The stock climbed to an intraday high of ₹428.80 on the NSE after the company announced its March quarter results.

Kalyan Jewellers reported a consolidated net profit of ₹40.95 crore for Q4 FY26, up 118.3% year-on-year compared to ₹18.76 crore in the corresponding quarter last year. On a sequential basis, profit was marginally lower by 1.6%.

Revenue from operations surged 66.2% YoY to ₹1,027.49 crore versus ₹618.3 crore reported a year ago, although it was marginally down 0.7% quarter-on-quarter.

Operating performance also strengthened during the quarter. EBITDA stood at ₹73.57 crore, rising 84.2% year-on-year from ₹39.95 crore. EBITDA margin improved to 7.2% compared to 6.5% in the year-ago period, though it softened slightly from 7.3% in the previous quarter.

The board of directors declared a dividend of ₹2.5 per equity share for shareholders.

The strong quarterly performance comes amid aggressive expansion plans by the company across India and international markets. Kalyan Jewellers has been rapidly scaling its physical retail network while also expanding its digital-first jewellery platform Candere.

Recent business updates from the company indicated strong momentum in Q4 FY26, with consolidated revenue growth of around 64% led by strong India operations and improving international business.

The company has also accelerated expansion of its showroom network. According to recent updates, Kalyan Jewellers added several new stores during the quarter, while Candere continued its rapid scale-up strategy focused on lightweight and lifestyle jewellery targeted at younger consumers.

Kalyan Jewellers has increasingly been adopting a franchise-owned company-operated (FOCO) model to drive expansion in non-southern markets while keeping capital requirements under control.

The jewellery retailer has also been benefiting from strong consumer demand despite elevated gold prices, with organised jewellery chains continuing to gain market share from smaller unorganised players.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.