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
Zen Diamond-India Expands E-Commerce Presence With Celeste & Gem-Pop Launch On Amazon and Myntra
Digital-First Collections Featuring Contemporary 9kt Gold Jewellery With Natural Diamonds and Vibrant Gemstones Aim To Connect With Younger Consumers Through Amazon India and Myntra
Marking its strategic entry into the e-commerce space, Zen Diamond India has introduced its distinctive collections, Celeste and Gem Pop, now available on Amazon India and Myntra. Designed with a digital-first mindset, the collections bring together contemporary pendants and earrings crafted in 9kt gold, centred around natural diamonds and modern design aesthetics. While Celeste reflects refined minimalism, Gem Pop adds a playful touch through colourful semi-precious stones such as amethyst, citrine, and blue topaz. Through its presence on two of India’s leading e-commerce platforms, the brand is strategically expanding accessibility and discovery among younger, digitally driven consumers increasingly turning to online platforms for fine jewellery purchases.
Crafted in warm 9KT rose gold, these dainty stud earrings feature vibrant round-cut Citrine stones paired with natural diamond accents. The rich golden-orange hue beautifully complements the soft rose gold setting, creating a refined yet expressive design suitable for daily styling. Combining natural diamonds with colour stones, the earrings bring vibrancy and personality into contemporary fine jewellery while remaining highly wearable and giftable for birthdays, celebrations, and personal milestones.
These elegant stud earrings feature striking princess-cut Blue Topaz stones accented with delicate natural diamonds. The icy blue tones and sleek geometric silhouette create a fresh, modern aesthetic that is versatile across different age groups and occasions. Designed to be lightweight, wearable, and expressive, the earrings reflect Zen Diamond India’s contemporary approach to fine jewellery for a digital-first generation.
Crafted in white gold, this refined pendant necklace showcases a vivid round-cut Amethyst surrounded by floating circular motifs accented with natural diamonds. The design blends playful colour with minimal elegance, creating a lightweight and versatile piece suitable for everyday wear and gifting. Thoughtfully crafted with the same standards of authenticity, certification, and craftsmanship available across Zen Diamond India’s retail network, the necklace reinforces trust and assurance within the ecommerce jewellery experience.
This contemporary pendant necklace features a delicate teardrop-shaped diamond motif paired with fluid open oval loops for a refined and minimal silhouette. Designed with natural diamonds at its core, the lightweight piece balances understated brilliance with everyday versatility, making it ideal for daily styling as well as meaningful gifting occasions. The design reflects Zen Diamond India’s focus on modern, design-led fine jewellery tailored for the evolving digital luxury consumer.
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