Is

KALYANKJIL

Continuing to Outshine the Jewellery Industry?

reported a strong Q1 business update, driven by robust consumer demand across both domestic and international markets. The company witnessed healthy revenue growth, supported by strong wedding and festive purchases, higher footfalls, and continued expansion of its retail network. Despite elevated gold prices, demand for branded jewellery remained resilient as consumers increasingly preferred organized players with strong brand recall and transparent pricing. Kalyan Jewellers also continued to benefit from new showroom additions and growing traction in its franchise-led expansion strategy, strengthening its presence across key markets. The update reinforces the company's execution capabilities and its ability to capitalize on the structural shift from unorganized to organized jewellery retail. However, investors should closely track same-store sales growth, operating margins, inventory management, and the pace of store expansion in the upcoming quarterly results.