Kalyan Jewellers has reported a strong financial performance for the fiscal year ending March 2025, posting a 35% year-on-year increase in consolidated revenue, which rose to ₹25,045 crore, up from ₹18,516 crore in FY24. The company also recorded a 20% rise in consolidated Profit After Tax (PAT), reaching ₹714 crore, compared to ₹596 crore in the previous year.

In the fourth quarter of FY25, Kalyan Jewellers reported consolidated revenue of ₹6,182 crore, reflecting a 37% increase over the same quarter last year. The PAT for the quarter stood at ₹188 crore, marking 36% growth year-on-year.

While the core jewelry business performed strongly, the company’s digital-first lifestyle jewelry platform, Candere, continued to underperform. For Q4 FY25, Candere reported revenue of just ₹28 crore and incurred a net loss of ₹12 crore, highlighting ongoing challenges in the online jewelry segment.

Commenting on the results, Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers, said: “We had an excellent start to the current financial year despite continuing volatility in gold prices, carrying forward the momentum in business from the previous year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”

The company attributed its strong performance to sustained demand during key festive periods and a growing appetite for wedding jewelry across its domestic and international markets. Looking ahead, Kalyan Jewellers remains optimistic about demand trends, despite market uncertainties related to gold price volatility.

The Chief Executive Officer (CEO) of Titan’s jewellery division Ajoy Chawla will succeed C K Venkataraman as the Managing Director of the company with effect from January 1, 2026.

Venkataraman had joined Titan in 1990 and became the Managing Director on October 1, 2019. In October 2019, Chawla became the CEO of Titan’s jewellery division. Under his leadership, the jewellery division has grown 2.5X in sales and profits and reinforced its market and thought leadership,

Likitha KR, founder of Niraaj Diamonds in Bengaluru, has crafted a concept jewellery piece that draws deep inspiration from Mumbai’s iconic Bandra-Worli Sea Link. Her daily commute across this architectural marvel sparked the idea for a design that captures the essence of the bridge and the spirit of Mumbai itself.

“The design is interlinked to this sky and water way bridge. This statement piece indicates the heart of Mumbai”, says Likitha KR.

Design Inspiration and Symbolism-

Sky and Water Connection:

Likitha’s design is “interlinked to sky and water way bridge,” reflecting how the Sea Link unites the city’s land, sea, and skyline. The bridge’s role as a connector between Bandra and Worli, and as a symbol of Mumbai’s progress, is central to her concept.

Sapphire Stone as the Sky

The prominent sapphire stone in the piece represents the vast sky above the Arabian Sea. This choice echoes the bridge’s aesthetic integration with its coastal environment, where the blue of the sky and sea blend seamlessly.

Strings as Bridge Cables

The strings in the jewellery mimic the Sea Link’s signature cable-stayed design. Just as the bridge’s cables support its structure and create a striking silhouette, the strings in the piece provide both physical and visual connection, referencing the bridge’s engineering and elegance.

Diamond-Studded Pathway

The central pathway of the jewellery, set with diamonds, symbolizes the roadway of the Sea Link. This is where thousands of Mumbaikars travel daily, making it the “heart of Mumbai” as Likitha describes. The use of diamonds highlights the bridge’s modernity and the city’s vibrant energy.

Sapphire Baguettes as Water

Sapphire baguettes are used to represent the Arabian Sea beneath the bridge. Their placement and shape evoke the movement and depth of water, reinforcing the connection between the city, the sea, and the sky.

Architectural Parallels

The Bandra-Worli Sea Link itself is a feat of modern engineering and design:Its cable-stayed structure with tall towers and sweeping cables is both functional and visually iconic, making it a recognizable part of Mumbai’s skyline.The bridge’s aesthetic integration with the natural environment, using sleek lines and a blue-white palette, is mirrored in Likitha’s jewellery through her choice of gemstones and arrangement.The Sea Link is a symbol of Mumbai’s aspirations and connectivity, and the jewellery aims to encapsulate that spirit in wearable art.

Artistic and Emotional Impact

Likitha KR’s creation is more than just a piece of jewellery; it is a tribute to Mumbai’s resilience and ambition. By translating the Sea Link’s architectural features into gemstones and gold, she has created a statement piece that resonates with anyone who identifies with the city’s pulse.