The India operations recorded an SSSG of 27 per cent. The company added 21 new showrooms in India during the quarter.
Meanwhile, on the MCX, gold futures prices witnessed a sharp recovery from their day’s lows. The yellow metal revived from a low of Rs 1.38 lakh per 10 grams to trade around Rs 1.49 lakh per 10 grams.
Kalyan Jewellers India shares slipped as much as 1.7 per cent on the BSE, touching the day’s low of Rs 355.15 in early trade. Meanwhile, the Tata Group-backed Titan Company stock was down 0.99 per cent to Rs 3,937.95.
Kalyan Jewellers: The Kerala-based jeweller is scheduled to announce its third-quarter (Q3 FY26) earnings next month on February 6.
The brokerage highlighted that store expansion during the quarter was marginally ahead of expectations. According to JM Financial, "Store addition above estimates: Kalyan (India) added 21 stores in India and closed 3 stores during Q3 (net 18 store addition; Total Stores – 318). We expected 20 net stores additions."
Technically, the stock traded above the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs).
kalyan Jewellers India said its India operations witnessed revenue growth of approximately 31 per cent in Q2 FY2026 versus Q2 FY2025, led by robust wedding demand and a strong start to the festive season.
Kalyan is seen well-positioned to outperform its peers, supported by aggressive store expansion through its asset-light FOCO model, the addition of new growth levers, and an improving balance sheet.
On the earnings side, the jewellery retailer reported a 48.73 per cent jump in consolidated profit after tax (PAT) at Rs 264.08 crore for the quarter ended June 30, against Rs 177.55 crore in the same period last year.
Kalyan Jewellers India: ICICI Securities largely maintained its earnings estimates, modelling revenue, Ebitda and PAT CAGRs of 28 per cent, 33 per cent and 51 per cent, respectively over FY25-FY27.
A strong double-digit same-store sale growth continued for Kalyan Jewellers, but Titan's domestic like-for-like growth was in low double digits, MOFSL said.





