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Kalyan Jewellers India Limited β Q1FY27 Earnings Call Summary
Key Takeaways
- FY27 PBT margin guidance maintained at FY26 levels despite short-term margin pressure
- Q1 FY27 consolidated revenue ex-bullion grew 38%, PAT up 32% y-y
- Non-GML debt repayment on track by Sep; real estate sales ~INR102 Cr expected Q2
- Expansion: 70-80 Kalyan showrooms and 50 Candere stores planned in FY27
- Old gold recirculation at 55%+ share; margin dilution from exchange offset by cash-for-gold
- Multiple analyst queries on margin impact of gold exchange; mgmt expects margin recovery
- India business revenue INR8,503 Cr (+38%), PAT INR321 Cr (+25%)
- Middle East revenue INR1,320 Cr (+29%), PAT INR25 Cr (+14%)
- Candere e-commerce revenue INR141 Cr (+114%), PAT INR2.1 Cr vs loss
- New Tamil Nadu regional brand ATM launching Aug 21, 5 stores planned initially
π Source: View original transcript (PDF)
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Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.