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
This Diwali, Say It With A Candere: Thoughtful Gifting Picks From Candere By Kalyan
Versatile 9KT Gold and Lab-Grown Diamond Jewellery, Blending Contemporary Designs With Timeless Festive Gifting Appeal.
Some gifts go beyond the occasion, becoming cherished reminders of the people and moments that matter most. Diwali, a celebration of togetherness, gratitude and new beginnings, is the perfect time to express appreciation for loved ones with gifts that hold lasting meaning. And what better way to do so than with jewellery that can be worn, cherished and treasured for years to come?
This Diwali, Candere by Kalyan presents a curated selection of jewellery and keepsakes that make gifting more personal. From diamond designs that add sparkle to everyday moments and contemporary platinum pieces to a traditional gold coin, each offering brings its own sentiment to the art of gifting. With Say It With Candere, find a gift that reflects your bond with someone special and becomes a lasting reminder of the occasion.
Adding to the festive cheer, Candere by Kalyan is offering flat 30% off on diamond value and flat 15% off on making charges of platinum jewellery, valid until November 30. This Diwali, celebrate the people who matter with gifts that say more than words ever could.
Here’s a curated edit of Diwali gifts from Candere by Kalyan to make the occasion more memorable:
Product Description
Opaline Diamond Necklace The Opaline Diamond Necklace offers a refined addition to a jewellery collection, with its diamond detailing and elegant silhouette. Designed to complement a range of looks, the necklace strikes a balance between understated sophistication and festive sparkle, making it a versatile choice for someone who enjoys timeless jewellery.
Catira Off White Pearl Diamond Earrings
Catira Off White Pearl Diamond EarringsThe Catira Off White Pearl Diamond Earrings combine the soft lustre of pearls with the brilliance of diamonds, creating a design that brings a touch of classic elegance to contemporary jewellery. Crafted in gold, these earrings feature detachable elements that allow them to be styled in more than one way, making them a versatile addition to a jewellery collection.
Anaka Diamond And Gemstone Ring
Make a statement this Diwali with the Anaka Diamond and Gemstone Ring by Candere. Featuring striking green gemstones encircled by brilliant diamonds, complemented by intricate detailing and a warm rose-gold finish, this bold design brings a touch of festive opulence to every celebration. Perfect for elevating traditional ensembles or adding a distinctive accent to contemporary looks, it is a statement-worthy pick for those who love to celebrate the season in style.
5 Gram 24K Om Gold Coin For those who value the traditions associated with Diwali, the 5 Gram 24K Om Gold Coin makes for a meaningful festive gift. Bringing together the enduring significance of gold and the spiritual symbolism of Om, it reflects the wishes of prosperity and auspicious beginnings often associated with the festival. It can be gifted to parents, elders or loved ones as part of the Diwali tradition of welcoming prosperity into the home. More than a seasonal gesture, a gold coin is a keepsake that can be treasured over time, carrying the sentiment with which it was given.
Hayman Platinum and Diamond Kada
Combining platinum with diamond detailing, the Hayman Platinum and Diamond Kada offers a contemporary take on a classic jewellery form. Its refined design makes it a considered gift for someone who appreciates timeless accessories that can be worn across occasions
For someone who appreciates understated style, the Twynox Platinum Chain is a thoughtful Diwali gifting option. Its clean, versatile appeal makes it a piece that can be incorporated into everyday dressing, offering a subtle finishing touch without being limited to festive occasions.
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