Overview
- India revenue rose about 42% year-on-year in Q3 FY2026 with same-store sales up roughly 27%, and demand stayed firm after Diwali despite gold price volatility.
- International revenue increased around 36%, including about 28% growth in the Middle East, with overseas markets contributing approximately 11% of consolidated revenue.
- Candere, the group’s digital-first platform, delivered approximately 147% revenue growth, underscoring rapid online-led momentum.
- The retailer opened 21 Kalyan showrooms in India, one in the UK, and 14 Candere stores during the quarter, bringing the total footprint to 469 locations as of December 31, 2025.
- Shares climbed as much as 6.87% in Wednesday trading following the update, though the stock is down about 28% over the past year and trades at elevated valuation metrics.