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
Hari Krishna Exports Celebrates 34 Years With 1.34% Anniversary Advantage and 931 Lifesaving Blood Donations
Hari Krishna Exports Celebrates Its Legacy Of Trust, Sustainability, and Social Impact.
Hari Krishna Exports Pvt. Ltd. (HK) celebrated its 34th anniversary by expressing gratitude to the customers, employees, industry partners, and communities who have been part of its remarkable journey.
To mark the milestone, the company announced a 1.34% Anniversary Advantage on every natural diamond purchase, thanking customers for their continued trust and partnership over the past 34 years.
As part of its commitment to society, Hari Krishna Exports organised blood donation camps across its Surat and Mumbai facilities, collecting 931 units of blood and taking its cumulative contribution to 22,794 blood donations.
The celebrations were attended by distinguished leaders from the gems and jewellery industry, government, banking, and business fraternity, including Abdul Salam, Vice Chairman of Malabar Gold & Diamonds; Dr. Bhushan Gaglani, IAS, Former Commissioner of the Brihanmumbai Municipal Corporation (BMC); Mehul Shah, Vice President of Bharat Diamond Bourse (BDB); Dinesh Lakhani, Director of Kiran Gems; Ghanshyam Shankar, Founder of Shivam Jewels; Ajaykumar Singh, Deputy General Manager, State Bank of India (SBI); along with several other eminent industry leaders.
Extending the celebrations beyond the workplace, the Group hosted “Master Your Health,” a special evening wellness seminar at Nehru Auditorium, where renowned wellness expert Atul Shah, Founder of Ojas Life, shared valuable insights on holistic living with members of the gems and jewellery industry, friends, and well-wishers of Hari Krishna Exports.
The anniversary celebrations were attended by distinguished leaders from the gems and jewellery industry, government, banking, and business fraternity.
Reflecting on the milestone, Shri Savjibhai Dholakia, Founder, Hari Krishna Exports Pvt. Ltd., said:
“Our greatest achievement is not 34 years of business, but 34 years of trust, teamwork, and relationships that continue to inspire our journey.”
Shri Ghanshyambhai Dholakia, Founder & Chairman, Hari Krishna Exports Pvt. Ltd., added:
“As we enter our 35th year, we remain committed to innovation, ethical business, sustainability, and creating lasting value for our customers, employees, and society.”
As Hari Krishna Exports steps into its 35th year, the company continues its journey with a clear focus on responsible growth, customer trust, and meaningful contributions to society.
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