Interim report
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KALYAN JEWELLERS SEC / 24 / 2026-2027 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza Plot No. C / 1 , G Block Bandra Kurla Complex Bandra ( E ) , Mumbai 400 051 Symbol : KALYANKJIL Dear Sir / Madam , August 04 , 2026 Corporate Relationship Dept. Phiroze Jeejeebhoy Towers , Dalal Street Mumbai 400001 Maharashtra , India Scrip Code : 543278 Sub : Outcome of Board Meeting held on August 04 , 2026 in accordance with the SEBI ( Listing Obligations and Disclosure Requirements ) Regulation , 2015 . We enclose the Unaudited Financial Results ( standalone and consolidated ) for the quarter ended June 30 , 2026 which have been approved and taken on record at the meeting of the Board of Directors of the Company held today , i.e. Tuesday , August 04 , 2026 . Also enclosed herewith is the Limited Review Report of the Financial Results for the quarter ended June 30 , 2026 issued by the Company's statutory auditors M / s . Walker Chandiok & Co LLP , Chartered Accountants . The Board meeting commenced at 03:15 p.m. and concluded at 04:30 p.m. Kindly take the same into your records . For Kalyan Jewellers India Limited shmi Gish Jishnu RG EWELLE KALYAN Company Secretary & Compliance Officer Membership No - ACS 32820 * SINDIA MITED Kalyan Jewellers India Limited Corporate Office -TC - 32 / 204 / 2 , Sitaram Mill Road , Punkunnam , Thrissur , Kerala - 680 002 CIN - L36911KL2009PLC024641 T - 0487 2437333 Email- cs@kalyanjewellers.net WWW.KALYANJEWELLERS.NET
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Walker Chandiok &Co LLP Walker Chandiok & Go LLP 7th Floor, Lanarth Elite, Mahatma Gandhi Road, Near Maharajas Metro Ground Junction, Kochi, Ernakulam, Kerala - 68201 1 T +91 484 406 4546 lndependent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant tci the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 (as amended) To the Board of Directors of Kalyan Jewellers lndia Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Kalyan Jewellers lndia Limited ('the Company') for the quarter ended 30 June 2026 being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, lnterim Financial Reporting ('lnd AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in lndia and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations' Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia' A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Omces in Ahmedabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, lndore, Kochi, Kolkata, [,4umbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is r€gistered with limited liability with identification number MC-2085 and has its registered office at L-41, connaught circus, outer Circle, New Delhi, 1 10001, lndia
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Walker Chandiok &Co LLP 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in lnd AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Ghandiok & Co LLP Chartered Accountants Filfr Registration No: 001 076N/N50001 3 Partner Membership No.:206229 UDI N : 26206229E5PKM M4B 1 0 Thrissur 4 August 2026 ffi
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Kalyan Jewellers India Limited Registered office: TC-32/204l2, Sitaram MiII Road, Punkuunam, Thrissur, Kerata - 6g0 002 CIN : L369 I 1 KL2009PLC024641 Tel: +91 487 24 37 333l' E-mail: compliance@kalyanjewellers.net; Website: www.kalyanjewellers.net Statement of Unaudited Standalone Financial Results for the quarter ended 30 June 2026 For the quarter ended Expenses a) Cost of rnatelials consumed b) Changes in inventodes offinished goods and work-in-prcgress c) Employee benefits expense d) Finance costs e) Depreciation and alnortisalion expense f) Other expenses (Refer Note 4) expenses before exceptional items and tax (3-4) ional item (Refer Note 6) Tax expense (a) Cunent tax (b) Defemed tax Profit after tax (7-8) Items that will not be reclassified subsequently to profit or loss Remeasurements of employee defined benefrt plans Tax on item{ that will not be reclassified subsequently to profit or Items that witt be reclassified subsequently to profit or loss Effective po{tion ofgain/ (loss) on designated portion ofhedging instruments ln a cash flow hedge Tax on item{ ttrat will be reclassified subsequortly to proflt or loss other cofnprehensive income(loss), net oftax capital (Face value of Rs. 10 each) (Face value of Rs. 10 each) (not annualised for the quarter ended) (not armualised for the 61,422.40 s21. I 5 3,10,270.92 2,354.37 83,082.50 (2,962.s1, 2,771.14 628.06 773.56 2,363.83 98,600.06 (19,730.s7 2,301.98 834.30 774.75 2,729.52 1,803.70 723.63 696.50 2,2t8.97 3,05,674.45 8,068.s7 2,894.19 2,963.47 10,141.s4 17,739.14 415.02 4,320.93 444.s7 663.t2 17,324.12 s,821.70 3,213.24 (8.27) 2.08 (809.89) 203.80 3,656.48 14.81 2,564.84 (6.t4 1.54 (s00.51 t25.97 12,851.26 (33.1 1 8.33 3,092.76 ffi Rs. in Millions 58,978.02
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Kalyan Jewellers India Limited explanatory notes to the Statement of Unaudited Standalone Financial Results for the quarter ended 30 June 2026 The above unaudited standalone tinancial results fol the quarler ended 30 June 2026 were reviewed by the Audit Comrrittee ancl appt'ovecl the Boald ofDirectors at theil respective rneetings held on 04 August 2026. The standalone fir-rancial tesu'lts of Kalyan Jewellers India Limited (the ,Cornpany") have been plepared in accordance with Indi Accounting Standards (lnd AS), prescribed under Section 1 33 of the Cornpanies Act, 2013 ("the Act") read rvith relevant rules thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities Exchange Board India (Listing Obligations and Disclosure Requirerrents) Regulations,2015. The Chief Operating Decision Maker ("CODM") of the Company examines the performance from the perspective of the Company as a viz. 'jewellery business' and hence there are no separate reportable segments as per Ind AS 108 "Operating segments". Other expenses includes the following amounts of advertisement expense and commission and rebates which are more than 10% of the other expense for the respective periods: Rs. in Millions Particulars Advertisement exDense Commission and rebates Ouarter ended 30 June2026 865.36 240.08 Quarter ended 3lMarch 2026 871.98 243.76 Quarter ended 30 J:une2025 861.18 217.87 Year ended 31 March2026 3,963.62 1,023.t9 The figures for the quarter ended 3 I March 2026 are the balancing figures between the audited figures in respect of the financial year 31 March 2026 and published year to date figures for nine months ended 3l December 2025, which were subjected to limited review by statutory auditors. Effective 21 November 2025,the Government of India consolidated multiple existing labour legislations into a unified framework four Labour Codes collectively referred to as the Jllew Labour Codes'. Under Ind AS 19, changes to employee benefit plans arising legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the statement of profit Loss. The New Labour Codes resulted in estimated one time increase in provision for employee benefits of the Company amounting to Rs. 415. million and the same was recognised in the previous year and reported as an exceptional item in the financial results for the year 3lMarch2026. The comparatives for the prior periods have been regrouped/ reclassified wherever necessary to conform with the current period classification The impact ofsuch regroupings/ reclassifications is not material to these standalone financial results. The results for the quarter ended 30 June2026, are available on the BSE Limited website (URL: www.bseindia.cor/coryorates), the Nationa Stock Exchange of India Limited website (URL: www.nseindia.com/corporates) and on the Company's website. and on behalf of the Board of Directors 1 fd'ot''* .S.'I(a!;/anaraman Director DIN:01021928 Thrissur Date: 04 August 2026 ffi
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP 7th Floor, Lanarth Elite, Mahatma Gandhi Road, Near Maharajas Metro Ground Junciion, Kochi, Ernakulam, Kerala - 682011 T +91 484 406 4546 lndependent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Gompany pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kalyan Jewellers lndia Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Kalyan Jewellers lndia Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 June 2026 being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, lnterim Financial Reporting ('lnd AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in lndia and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Chartered Accountants ofices in Ahmedabad, Bengaluru, chandigarh, chennai, Dehradun, Goa, Gurugram, Hyderabad, lndore, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Walk6r Chandiok & co LLP is registered with limit6d liability with identification number Mc-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi,'110001, lndia
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3. Walker Chandiok &Co LLP We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia, A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (B) of the Listing Regulations, to the extent applicable. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in lnd AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement, We did not review the interim financial results of nine subsidiaries included in the Statement, whose financial information reflects total revenues of { 15,193.05 million, total net profit after tax of ( 271.85 million and total comprehensive income of ( 285.50 million for the quarter ended 30 June 2026 as considered in the Statement. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above, Further, of these subsidiaries, eight subsidiaries, are located outside lndia, whose interim financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under lnternational Standards on Review Engagements2410 (ISRE 2410) "Review of interim financial information performed by the independent auditor of the entity" applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries from accounting principles generally accepted in their respective countries to accounting principles generally accepted in lndia. We have reviewed these conversion adjustments made by the Holding Company's management, Our conclusion, in so far as it relates to affairs of these subsidiaries located outside lndia is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. Our conclusion is not modified in respect of these matters with respect to our reliance on the work done by and the reports of the other auditors. 4. 5.
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Walker Chandiok &Co LLP 6. The Statement includes the interim financial results of two subsidiaries, which have not been reviewed by their auditors, whose interim flnancial results reflect total revenues of ( Nil, net loss after tax oit tS.ge million, total comprehensive loss of t 15.96 million for the quarter ended 30 June 2026. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed financial results. According to the information and explanations given to us by the management, these interim financial results are not materialto the Group' Our conclusion is not modified in respect of this matter with respect to our reliance on the financial results certifled by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N50001 3 Partner Membership No. 206229 U D I N : 26206229EA8QTX7492 Thrissur 4 August 2026 ffi
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Walker Chandiok &Co LLP Annexure I List of entities included ln the Statement Kalyan Jewellers FZE, UAE (Subsidiary) Kalyan Jewellers LLC, UAE (Step-down Subsidiary) Kalyan Jewellers Procurement LLC, UAE (Step-down Subsidiary) Kenouz Al Sharq Gold lnd. LLC, UAE (Step-down Subsidiary) Kalyan Jewellers SPC, Oman (Step-down Subsidiary) Kalyan Jewellers Procurement SPC, Oman (Step-down Subsidiary) Kalyan Jewelers for Golden Jewelries W.L,L., Kuwait (Step-down Subsidiary) Kalyan Jewellers W.L.L., Qatar (Step-down Subsidiary) Kalyan Jewelers, lnc., USA (Subsidiary) Candere Lifestyle Jewellery Private Limited, lndia (Formerly known as Enovate Lifestyles Private Limited) (Subsidiary) k) Kalyan Gold and Diamond Jewellery Limited, UK (Subsidiary) l) KJG Brands Private Limited, lndia (Subsidiary with effect from 17 February 2026) m) Kalyan Jewellers Foundation, lndia (Subsidiary) a) b) c) d) e) 0 s) h) i) i) ffiftsw
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Kalyan Jewellers India Limited Registered office: TC-32/204/2, sitaram Mill Road, punkunnam, Thrissur, Kerala - 6g0 002 Cl N : L369 1 I KL2009PLC024641 Tel: +91 487 24 37 333; E-mail: compliance@kalyanjewellers.net; Website: www.kalyanjewellers.net Statement of Unaudited Consolidated Financial Results for the quarter ended 30 June 2026 Rs. in Millions SI. No. Particulars For the quarter ended For the year ended 30 June 2026 (Unaudited) 31 March 2026 (Audited) (Refer Note 6) 30 June 2025 (Unaudited) 3I March 2026 (Audited) 1 2 J 4 5 6 7 8 9 10 Irrr.o-" lR"u"nu" fro- operations lothe. irr"o-" lTotal income 1t+21 I lExpenses ! a) Purchases ofstock-in-rrade I b) Cost of materials consumed I c) Changes in inventories of finished goods, work-in-progress and I stock-in-trade I a) e*ptoy""benefits expense I e) Financecosts I I f) Denreciation and amortisation expense I d Other expenses (Refa Note 5) lTotul "rp.n.". lProfit before exceptional items and tax (3-4) lExceptional item (Refer Note 7) lProfit before tax (5-O lT* "*p"*"| 1uy c,r.."n t* | 6; o"f"...d tu* lTotul tu* expense I Profit after tax (7-8) Other comprehensive income/Qoss) Items that will not be reclassified subsequently to profit or loss Remeasurements of employee defined benefit plans Tax on items that will not be reclassified subsequenfly to profit or loss I Items that wiII be reclassified subsequently to profit or loss I Effective portion ofgain/ (loss) on designated portion ofhedging I instruments in a cash flow hedge I Foreigr operation translation reserve movement I Tax on items that will be reclassified subsequently to profit or loss I Total other comprehensive income/Qoss), net oftax I Total comprehensive income (9+10) | Profit attributable to: I Owners of the Company I Non-controlling interests I Pront I Other comprehensive income/Qoss) attributable to: I Owners of the Company I Non-controlling interests I 1,0s,889.27 557.38 1,02,749.42 461.60 72,684.75 462.68 3,5'.7,428.60 2,080.23 1,06,446.65 1,03,211.02 73,147,43 3,59,508.83 929.64 91,001.32 1,320.02 3,154.16 1,084.01 I,1s0.39 3,1s8.94 847.18 1,09,907.76 (2t,224.37" 2,657.16 1,299.77 1,130.53 3,204.80 650.22 69,936.58 (7,983.s2 2,095.63 1,036.13 977.08 2,90s.60 3,825.08 ? <, 1r" 02 (4s,762.71 9,403.14 4,328.67 4,228.57 12,728.22 1,01,798.49 97,822.83 69,617,72 3,41,073.90 4,648.17 5,388.19 3,529.71 18,434.93 415.02 4,648.17 491.36 670.16 5,388.19 2,083.30 (790.14', 3,529,71 968. l 0 (79.23 18,019.91 s,968.53 (1.452.57 1,161.52 1,293.16 888.87 4,515.96 3,486.65 (8.27) 2.08 (80e.8e) 13.61 203.80 4,095.03 14.11 (3.76 1,767.76 510.69 (444.92 2,640.94 (6.13' 1.54 (s00.s 1l (16.34" t25.97 13,503.95 (33.8 1 8.51 3,092.76 965.59 ("178.39 (s98.67) 1,843.88 (3es.47) 3,254.66 2,887.98 5,938.91 2,245.37 16,758.61 3,486.65 4,095.03 2,640.-84 13,s03.95 3,486.65 4,095.03 2,640.84 13,503.95 (se8.67) 1,843.88 (39s.-47) 3,254.66 Other comprehensive income/(loss) 1 \ (se8.67) I,843.88 (39s.47" 3,254.66 Total comprehensive income attributable tr Non-controlling interests Total comprehensive income A, (-uERs] 2,887.98 5,93&91 2,245.37 16,758.6t ?71 il IE i 2,887.98 5,938.91 2,245.37 16,758.6I share capital (Face revaluation share (Face value of ) (not arutualised for the Rs.) (not annualised for the 10,32'1.40 J.J 6 3: I 10,327.40 3.97 3.95 10,318.9s 2.56 2.56 10,321 .40 52,759.73 13.08 13.05 $ea lc1 /- \
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Kalyan Jewellers India Limited Selected explanatorl' notes to the Statement of Unaudited Consolidated Financial Results for the quarter ended 30 June 2026 1 The above utraudited consolidated financial results fol the quarter ended 30 June 2026 were revierved by the Audit Comrnittee and approved the Board of Directo.s at thei. respective .reetings held on 04 August 2026. 2 The consolidated flnancial results of Kalyan Jewellels India Linritecl (the "Company" oL "Parent Cornpany',) have been prepared in accorr with Indian Accounting Standat'ds (lnd AS), plescribed under Section 133 of the Companies Act, 2013 (,'the Act") read with relevant rules ithereundet' and other accounting principles generally accepted in India and in tenns of Regulation 33 of the Securities Exchange Board of ln(Listing Obligations and Disclosure Requirements) Regulations, 201 5. 3 The consolidated financial results comprise results of tl.re Parent Company and its subsidiaries namely, Kalyan Jewellers FZE (UAE), Kal Jewelers, Inc. (USA), Candere Lifestyle Jewellery Private Limited (Formerly known as Enovate Lifestyles private Limited) (India), Kalyan G & Diamond Jewellery Limited (UK), Kalyan Jewellers Foundation (India), KJG Brands Private Limited (India) (Incorporated on 17 Fet2026) and step-down subsidimies namely, Kalyan Jewellers LLC (UAE), Kalyan Jewellers SPC (Ornan), Kalyan Jewellers procurement (UAE), Kalyan Jewellers Procurement SPC (Oman), Kalyan Jewelers for Golden Jewelries W.L.L. (Kuwait), Kalyan Jewellers W.L.L (Kalyan Al Sharq Procurement Jewellery W.L.L (Qatar) (upto 01 August 2025) and Kenouz A1 Sharq Gold Ind LLC (UAE) (collectively r, to as'the Group'). 4 The Chief Operating Decision Maker ('CODM") of the Group examines the performance from the perspective of the Group as a whole v 'jewellery business' and hence there are no s€parate reportable segments as per Ind AS 108 "Operating segments,,. 5 Other expenses includes the following amounts of advertisernent expense which are more than 10% of the total other expense for the respecti periods: Rs. in Millions Particulars Advertisement expense Quarter ended 30 June 2026 1,168.73 Quarter ended 31 March2026 1,039.46 Quarter ended 30 June2025 1,037.90 Year ended 3l March2026 4,683.94 The figures for the quarter ended 3l March 2026 are the balancing figures between the audited figures in respect of the financial year en 3 1 March 2026 and published year to date figures for nine months ended 3 I December 2025, which were subjected to limited review bystatutory auditors. Effective 21 November 2025, the Govemment of India consolidated multiple existing labour legislations into a unified framework comprising fou Labour Codes collectively referred to as the T{ew Labour Codes'. Under Ind AS 19, changes to employee benefit plans ,ririrg fr#i;;;;;; amendments constitute a plan amendment, requiring recognition of past service cost immediately in thi statement of profit and Loss. The New Labour Codes resulted in estimated one time increase in provision for employee benefits of the Group amounting to Rs. 415.02 milli and the same was recognised in the previous year and reported as an exceptional item in the financial results for the year en ded 3l March 2026. The comparatives for the prior periods have been regrouped/ reclassified wherever necessary to conform with the current period classification. impact of such regroupings / reclassifications is not material to these consolidated financial results. For The results for the quarter ended 30 Jvre 2026, are available on the BSE Limited website (URL: www.bseindia.com/corporates), the Nationa Stock Exchange of India Limited website (URL: www.nseindia.com/corporates) and on the Company,s website. snd on behatfofthe Board ofDirectors "tl Ku(rru"".uo ng Director :01021928 Place: Thrissur Date: 04 August 2026 ffi