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Kalyan Jewellers Q2FY26 Results: Kalyan Jewellers India Ltd reported better-than-expected results for the September quarter (Q2 FY26), with profit and revenue being largely in line with the estimates by Zee Business Research Team, supported by festive demand and expansion in key markets.

The company posted a consolidated net profit of Rs 260 crore, nearly doubling from Rs 130 crore in the same quarter last year. This was broadly in line with the Zee Business Research estimate of Rs 262 crore, reflecting healthy operational momentum.

Revenue from operations came in at Rs 7,856 crore, up 37.4 per cent year-on-year from Rs 6,057 crore in Q2 FY25 — comfortably above the research estimate of Rs 7,795 crore, which had implied a 28.5 per cent growth. The strong performance was led by higher consumer spending during the festive season and robust demand across regions.

EBITDA stood at Rs 497.1 crore, registering a 55.8 per cent increase from Rs 319 crore a year ago, slightly below the estimated Rs 500 crore. The EBITDA margin improved to 6.3 per cent from 5.3 per cent, broadly in line with the 6.4 per cent projected by the Zee Business Research Team.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate aff