Kalyan Jewellers India Limited reported a 91% jump in Q3 FY26 consolidated profit to ₹416 crore, driven by strong demand in non-southern markets, which overtook the southern region for the first time. Revenue rose 41%, supported by 31% higher advertising spends aimed at strengthening brand presence, while rising employee costs reflected implementation of the new labour code.
Strategically, the performance highlights the brand’s successful geographic expansion and marketing-led growth, balancing strong product demand with focused promotional investments. The shift in regional demand underscores India’s emerging non-south jewellery markets as growth engines, while increased spends signal continued commitment to brand visibility and customer engagement.
Overall, the results reinforce Kalyan Jewellers’ ability to scale profitably across diverse markets, leveraging marketing, strategic expansion, and operational execution to capture new demand while navigating regulatory and labour changes.
