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
IAGES Celebrates A Power-Packed Day 1 At IIJS Bharat Premiere 2026, Mumbai With Accreditation Recognition Presentation
IAGES Recognises Industry Leaders for Excellence, Quality and Trust at IIJS Bharat Premiere 2026
The Indian Association for Gold Excellence and Standards (IAGES) marked a highly successful and action-packed Day 1 at IIJS Bharat Premiere 2026, recognizing jewellery businesses that successfully completed and cleared the IAGES assessment and accreditation process.
At the IAGES booth, accreditation certificates were formally presented to prominent jewellers and industry participants in recognition of their commitment to quality, transparency, and industry excellence.
Among the recipients were:
- Rajesh Rokde – Rokde Jewellers
- Mansukhbhai Kothari – Vasupati Jewellers
- Narayan Debnath & Nanda Dulal Debnath – Radha Krishna Jewellery
- Mohit Adesara – Leela Manufacturers
The certificate presentation ceremony underscored IAGES’ gaining momentum to strengthen trust and elevating standards across the gems and jewellery industry through its accreditation framework.
Speaking on the occasion, Kaushlendra Sinha, CEO, Indian Association for Gold Excellence and Standards (IAGES), expressed his appreciation for the overwhelming response received from industry stakeholders on the opening day of IIJS Bharat Premier 2026. He congratulated the accredited gold business entities for successfully completing the assessment process and achieving this significant milestone, noting that IAGES accreditation serves as a testament to an organization’s dedication to excellence, ethical business practices, and consumer confidence.
With strong participation and enthusiastic engagement from exhibitors and visitors alike, Day 1 proved to be a power-packed start for IAGES at IIJS Bharat Premier 2026.
IAGES extends its heartfelt congratulations to all accredited participants and remains committed to fostering excellence, quality, and trust within India’s gold business sector.
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