Kalyan Jewellers India Limited — Q4FY26 earnings call summary

Filed 11 May 2026 · Official transcript

Akshaya Tritiya and wedding demand strong; April FY27 started well despite high base
Interest cost includes INR20 Cr one-off; expect INR30 Cr reduction in FY27
Operating leverage and interest savings expected to support margins in FY27
FY26 consolidated revenue INR35,740 Cr (+43% y-y); PAT INR1,350 Cr (+89%)
Board recommended dividend payout ~20% of FY26 net profit (~INR257 Cr)
FY27 plans: open 150 showrooms including 50-55 Candere; focus on franchise expansion
Non-GML debt in India reduced from INR1,300 Cr to INR300 Cr over 3 years; target zero in FY27
Franchise stores have lower revenue per store than COCO; both expected to grow