Kalyan Jewellers Posts Strong Q3 FY26 Results: Net Profit Surges 90% to ₹416 Crore

n Jewellers India Ltd delivered an impressive performance in the third quarter of FY26 (October-December 2025), with consolidated net profit nearly doubling year-on-year amid robust demand, strong same-store sales growth, and improved margins. The company's consolidated net profit rose 90.3% to ₹416 crore from ₹219 crore in the corresponding quarter of the previous fiscal year. This growth came despite a one-time cost related to the implementation of new labour codes. Revenue from operations jumped 42.1% to ₹10,343 crore, up from ₹7,278 crore a year earlier, driven by healthy festive season demand, showroom expansions, and solid performance across both India and international markets. EBITDA climbed 74.5% to ₹750 crore from ₹430 crore, with the EBITDA margin expanding significantly to 7.3% from 5.9% in the year-ago period. The margin improvement reflected better operating leverage, higher contribution from studded jewellery, and efficiency gains. In a separate development, the company's Board approved the incorporation of a wholly owned subsidiary named KJG Brands Private Limited. This step, announced in an exchange filing on February 6, 2026, is aimed at supporting future brand initiatives and potentially expanding regional jewellery operations.