National News
Kalyan Jewellers India Ltd recorded PAT of Rs 219 crore in Q3 FY25
~ The first-of-its-kind store aims to redefine Gold and Silver Shopping with Innovation, Luxury, and Unmatched Convenience ~
Kalyan Jewellers India Limited recorded consolidated revenue of Rs 7287 crore in Q3 FY25 as against Rs 5223 crore in the corresponding period of the previous year, a growth of 40%. Consolidated PAT for Q3 FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due to reduction in customs duty (announced during Union Budget in July 2024).
The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54%.
Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, a growth of over 23%. The Middle East operations recorded PAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. The PBT grew by 23% over the corresponding quarter of the previous year. However, the PAT growth for Q3FY25 was impacted due to the introduction of new corporate tax in the UAE.
The e-commerce division, Candere, recorded a revenue of Rs 55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”
National News
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
This Karwa Chauth, Palmonas presents its 9KT Gold Lab-Grown Diamond Collection, offering thoughtful gifting options for a celebration rooted in love and togetherness. Featuring mangalsutras and a mangalsutra bracelet, the collection brings together 9KT gold, lab-grown diamonds, and contemporary designs, making it a meaningful choice for those looking to mark the occasion with a piece of jewellery that carries personal significance.
The Endless Love Infinity 9KT Gold Lab-Grown Diamond Mangalsutra features an infinity-inspired pendant, symbolising an enduring bond and everlasting love. Set with sparkling lab-grown diamonds, its fluid silhouette brings a contemporary finish to a design rooted in the idea of continuity and commitment.
The Petalburst Glow 9KT Gold Lab-Grown Diamond Mangalsutra draws inspiration from the beauty of blooming flowers. Its floral pendant, detailed with radiant lab-grown diamonds arranged in a petal-like pattern, represents growth, new beginnings and blossoming love. The design balances delicate detailing with a refined, modern aesthetic.
Completing the collection, the Royal Circle 9KT Gold Lab-Grown Diamond Mangalsutra features a circular pendant defined by symmetry and intricate detailing. The balanced arrangement lends the design a sense of completeness, while its considered craftsmanship adds a touch of understated elegance.
Extending the collection beyond traditional necklace designs, the Sacred Heart 9KT Gold Lab-Grown Diamond Mangalsutra Bracelet offers a contemporary take on mangalsutra-inspired jewellery. Its delicate heart motif, paired with an infinity-inspired design, reflects the enduring nature of love. Subtle stone detailing adds a hint of sparkle, making it a minimal design suited to everyday styling.
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