Overview
- Consolidated revenue rose about 30–31% year on year in Q2 FY26, the slowest pace in four quarters versus 37.4% a year earlier.
- India operations grew roughly 31% with same-store sales up about 16%, helped by festive and wedding demand as Navratri was not in last year’s base.
- International revenue increased about 17% with the Middle East up around 10% on same-store gains, contributing close to 12% of consolidated sales.
- Digital-first brand Candere delivered approximately 127% year-on-year revenue growth, supported by higher showroom footfalls and web traffic.
- The company opened 15 Kalyan stores and 15 Candere outlets in India plus two in the Middle East, taking the network to 436 locations, secured lead-bank approval to release real estate collateral, resumed debt reduction, and plans about 15 more Kalyan openings before Diwali.