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
ANTISTATUS Redefines Statement Jewellery Through Individuality And Self-Expression
Built On Individuality, Rebellion and Self-Expression, ANTISTATUS Is Creating Its Mark In Statement Silver Jewellery and Lifestyle Space
ANTISTATUS is a statement jewellery and lifestyle platform built for individuals who refuse to be defined by convention. Driven by the philosophy “Defy the Norm,” the brand brings together bold design, dark aesthetics, gothic influences and an unapologetic character to create pieces that go beyond jewellery to become expressions of personal identity.
Drawing inspiration from biker culture, gothic aesthetics, music and contemporary street culture, ANTISTATUS features statement rings, pendants, necklaces, belt buckles, bracelets and distinctive silver jewellery. Each piece is handcrafted to carry character and meaning, encouraging people to develop their own visual language rather than follow prescribed trends.
Founded by Pallavi Singh and Manav Sethi, ANTISTATUS reflects a changing relationship between consumers and jewellery. As self-expression increasingly shapes purchasing choices, jewellery is evolving beyond traditional occasions and conventional markers of value. Consumers are building personal collections, layering pieces and experimenting with styles that reflect their individuality, wearing and styling them differently across occasions, times and settings.
Pallavi Singh, Co-founder, ANTISTATUS said:
“In today’s time, people are looking for more than just products; they are looking for brands that reflect who they are and what they stand for. Authenticity has always been central to how I build business, communities and culture. With ANTISTATUS, we want to create a premium brand experience that goes beyond what you wear to what you stand for a shared point of view rooted in individuality, self-expression and the confidence to be unapologetically yourself. At its heart, ANTISTATUS is about building a community that believes your identity is yours to define, not something society assigns to you.”
Manav Sethi, Co-founder, ANTISTATUS, adds:
“The jewellery industry is going through a structural shift. What people buy, why they buy it and how they evaluate value are all changing. Size and carat are increasingly being replaced by what a piece means to the wearer. Value has shifted towards meaning, design and craftsmanship, and enduring brands will be built around these elements. A select few brands will create the occasion rather than wait for one. Where owning one expensive set and wearing it over the years was once the norm, today’s consumers are looking for several pieces that can be layered, mixed and changed. These pieces become your story, your life.”
Originating in India, ANTISTATUS aspires to build a globally relevant statement jewellery and lifestyle brand, anchored in design, culture and community.
At its core, ANTISTATUS stands for a simple belief: your status is not assigned by society. It is defined by you.
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