Kalyan Jewellers Q2 profit is ₹427 crore, up 64%, and includes a one-time ₹73 crore gain from a property sale; revenue rose 31%
Kalyan Jewellers reported consolidated net profit of ₹427 crore for July to September 2026, against ₹261 crore a year earlier. The quarter includes an exceptional gain of ₹73 crore from selling part of an investment property.
Kalyan Jewellers India, a jewellery retailer, reported consolidated net profit of ₹427.10 crore for the July to September 2026 quarter (Q2 of the financial year 2026-27, called FY27). A year earlier it was ₹260.51 crore, a rise of about 64%. Revenue from operations (sales and other operating income) was ₹10,322.62 crore, against ₹7,856.03 crore, a rise of about 31%. The profit includes a one-time (“exceptional”) gain of ₹73.46 crore from selling part of an investment property. “Consolidated” means the accounts of the company together with its subsidiaries. Reports say the board approved the results on 10 November 2026.
The numbers
| Metric (₹ crore) | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 10,322.62 | 7,856.03 | +31% |
| Total income | 10,400.65 | 7,907.44 | +32% |
| Profit before exceptional items and tax | 486.61 | 350.27 | +39% |
| Exceptional item (gain on property sale) | 73.46 | not reported | n/a |
| Profit before tax | 560.08 | 350.27 | +60% |
| Net profit (profit after tax) | 427.10 | 260.51 | +64% |
| Basic earnings per share (₹, not annualised) | 4.14 | 2.52 | +64% |
- “Year-on-year” sets a quarter against the same quarter a year earlier, as in the table above.
- An exceptional item is a gain or cost that a company classifies separately because it is not part of its regular business. It arose from the sale of part of an investment property in Coimbatore. NiftyTrader, citing the filing, says the sale consideration was about ₹86.16 crore for roughly 783 cents of land; the ₹73.46 crore gain is the figure Kalyan reported, and the cost at which the property was carried is not stated in the reports.
- The operating profit figure that leaves out the exceptional gain is the “profit before exceptional items and tax” line: ₹486.61 crore against ₹350.27 crore a year earlier, a rise of about 39% (calculated from the figures above).
- For the first half of FY27 (April to September 2026), reports give revenue from operations of ₹20,911.54 crore against ₹15,124.50 crore, and net profit of ₹775.76 crore against ₹524.59 crore for the same half a year earlier. The first-half profit includes the Q2 exceptional gain. In the previous quarter (Q1 FY27), net profit was ₹348.67 crore.
Basis of these figures
The BSE and NSE results filing and the company’s own release could not be opened when this article was prepared, so every figure is attributed to news reports. Free Press Journal and NiftyTrader give the same consolidated revenue, exceptional gain, net profit and earnings per share; Multibagg gives the same revenue and net profit. The reports do not mention a dividend, so none is reported here. Percentage changes are calculated from the stated amounts and rounded. Amounts are in ₹ crore (1 crore = 10 million).