Kalyan Jewellers India (KALYANKJIL)₹611.00+3.21%Gems, Jewellery And Watches
In the Jun 2026 quarter (consolidated), Kalyan Jewellers India reported sales of ₹10,564 Cr, up 45.6% from Jun 2025, and net profit of ₹350 Cr, up 32.1% year on year. For the year to Mar 2026, sales were ₹35,664 Cr and net profit ₹1,355 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,404 | 5,213 | 4,517 | 5,517 | 6,050 | 7,262 | 6,169 | 7,255 | 7,833 | 10,321 | 10,252 | 10,564 |
| Expenses | 4,116 | 4,872 | 4,246 | 5,180 | 5,759 | 6,871 | 5,797 | 6,784 | 7,383 | 9,621 | 9,575 | 9,993 |
| Operating Profit | 315 | 371 | 297 | 369 | 328 | 431 | 400 | 509 | 498 | 752 | 737 | 634 |
| OPM % | 7.0% | 7.0% | 7.0% | 7.0% | 5.0% | 6.0% | 6.0% | 7.0% | 6.0% | 7.0% | 7.0% | 6.0% |
| Other Income | 12.98 | 19.96 | 38.93 | 29.95 | 25.97 | 39.93 | 40.90 | 45.96 | 50.93 | 22.95 | 45.93 | 55.88 |
| Interest | 81.73 | 81.81 | 77.82 | 84.74 | 89.78 | 87.70 | 95.79 | 104 | 94.69 | 104 | 130 | 108 |
| Depreciation | 66.96 | 69.97 | 73.88 | 74.91 | 84.94 | 88.86 | 92.93 | 97.88 | 103 | 109 | 113 | 115 |
| Profit before tax | 177 | 238 | 184 | 236 | 178 | 293 | 250 | 352 | 349 | 558 | 538 | 464 |
| Tax % | 23.9% | 23.9% | 24.9% | 24.9% | 26.9% | 25.9% | 24.9% | 24.9% | 25.9% | 25.9% | 23.9% | 24.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −28.03 | 0.00 | 0.00 |
| Net Profit | 135 | 181 | 138 | 179 | 131 | 220 | 189 | 265 | 262 | 417 | 412 | 350 |
| EPS (Rs) | 1.30 | 1.74 | 1.33 | 1.71 | 1.26 | 2.11 | 1.81 | 2.55 | 2.51 | 4.02 | 3.96 | 3.37 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,474 | 9,754 | 10,075 | 8,556 | 10,800 | 14,040 | 18,482 | 24,992 | 35,664 | 38,971 |
| Expenses | 9,767 | 9,183 | 9,333 | 7,975 | 9,996 | 12,941 | 17,248 | 23,522 | 33,377 | 36,573 |
| Operating Profit | 776 | 621 | 801 | 625 | 855 | 1,167 | 1,338 | 1,588 | 2,496 | 2,622 |
| OPM % | 7.0% | 6.0% | 8.0% | 7.0% | 8.0% | 8.0% | 7.0% | 6.0% | 7.0% | 6.7% |
| Other Income | 31.93 | 41.94 | 79.87 | 44.94 | 37.93 | 4.99 | 106 | 140 | 167 | 176 |
| Interest | 389 | 417 | 418 | 404 | 359 | 352 | 378 | 421 | 432 | 436 |
| Depreciation | 202 | 224 | 239 | 225 | 232 | 245 | 274 | 343 | 422 | 439 |
| Profit before tax | 213 | 20.94 | 221 | 38.86 | 298 | 570 | 787 | 957 | 1,798 | 1,909 |
| Tax % | 33.9% | 122.9% | 35.9% | 114.9% | 24.9% | 23.9% | 23.9% | 25.9% | 24.9% | — |
| Exceptional items | 16.01 | 0.00 | 1.01 | 0.00 | 0.00 | −24.01 | 1.01 | −2.01 | −28.03 | −28.03 |
| Net Profit | 142 | −5.02 | 143 | −6.02 | 225 | 433 | 598 | 716 | 1,355 | 1,441 |
| EPS (Rs) | 1.69 | −0.03 | 1.69 | −0.05 | 2.17 | 4.19 | 5.79 | 6.92 | 13.06 | 13.86 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12.1% | 21.1% | 22.1% | 19.1% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 840 | 840 | 840 | 1,031 | 1,032 | 1,032 | 1,032 | 1,033 | 1,036 |
| Reserves | 1,009 | 1,042 | 1,200 | 1,791 | 2,100 | 2,598 | 3,151 | 3,761 | 5,265 |
| Borrowings | 4,203 | 3,913 | 3,768 | 3,384 | 4,035 | 4,308 | 4,511 | 4,980 | 6,142 |
| Other Liabilities | 2,491 | 2,257 | 2,405 | 2,648 | 1,770 | 2,770 | 4,118 | 5,338 | 8,269 |
| Total Liabilities | 8,543 | 8,052 | 8,214 | 8,854 | 8,937 | 10,708 | 12,812 | 15,113 | 20,711 |
| Fixed Assets | 1,880 | 2,153 | 2,166 | 1,901 | 1,922 | 1,903 | 2,299 | 2,847 | 3,314 |
| CWIP | 18.06 | 22.04 | 24.08 | 53.17 | 2.01 | 20.04 | 49.11 | 8.02 | 18.04 |
| Investments | 0.99 | 2.99 | 0.00 | 0.00 | 0.99 | 3.99 | 3.99 | 4.99 | 5.98 |
| Other Assets | 6,645 | 5,875 | 6,022 | 6,901 | 7,012 | 8,780 | 10,459 | 12,253 | 17,374 |
| Inventories | 5,009 | 4,489 | 4,703 | 5,285 | 5,776 | 6,992 | 8,275 | 9,645 | 14,138 |
| Trade receivables | 181 | 147 | 213 | 113 | 119 | 243 | 327 | 399 | 864 |
| Cash & equivalents | 1,018 | 825 | 750 | 1,098 | 777 | 982 | 976 | 1,032 | 862 |
| Total Assets | 8,543 | 8,052 | 8,214 | 8,854 | 8,937 | 10,708 | 12,812 | 15,113 | 20,711 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | 320 | 629 | 245 | 1,014 | 1,323 | 1,210 | 1,320 |
| Cash from investing activity | — | 34.10 | −218 | 64.14 | −385 | −137 | −178 | −118 |
| Cash from financing activity | — | −343 | −208 | −524 | −638 | −1,148 | −839 | −1,264 |
| Net cash flow | — | 10.96 | 203 | −215 | −7.97 | 36.86 | 192 | −63.71 |
| Capex | 298 | 119 | 47.88 | 90.71 | 186 | 370 | 463 | 405 |
| Free cash flow | — | 212 | 581 | 154 | 827 | 1,061 | 789 | 939 |
| CFO / OP % | — | 41.1% | 110.1% | 47.1% | 98.1% | 116.1% | 91.1% | 70.1% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 6 | 5 | 8 | 5 | 4 | 6 | 6 | 6 | 9 |
| Inventory days | 207 | 199 | 204 | 271 | 231 | 215 | 190 | 161 | 166 |
| Days payable | 30 | 18 | 23 | 34 | 25 | 36 | 44 | 38 | 39 |
| Cash conversion cycle | 185 | 188 | 190 | 242 | 211 | 186 | 154 | 130 | 137 |
| Working capital days | −11 | −12 | −5 | 10 | 30 | 30 | 25 | 23 | 30 |
| ROCE % | — | 7.0% | 11.0% | 7.0% | 10.1% | 13.1% | 14.1% | 15.1% | 21.0% |
For the Jun 2026 quarter, Kalyan Jewellers India reported sales of ₹10,564 Cr, up 45.6% year on year and net profit of ₹350 Cr, up 32.1% year on year. The operating margin was 6.0%.
Kalyan Jewellers India's sales for the year to Mar 2026 were ₹35,664 Cr; over the last twelve months they were ₹38,971 Cr.
Net profit for the year to Mar 2026 was ₹1,355 Cr, and ₹1,441 Cr over the last twelve months. Earnings per share over the same trailing period were ₹13.86.
Kalyan Jewellers India reported borrowings of ₹6,142 Cr at Mar 2026, against cash and equivalents of ₹862 Cr.
Cash from operations was ₹1,320 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹939 Cr.