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
Made In India: The Titan Story – Single-Product Challenger To A Lifestyle and Jewellery Powerhouse
Streaming On Amazon MX Player, Made In India: A Titan Story Traces The Remarkable Journey Of Xerxes Desai and J.R.D. Tata As They Built India’s First Indigenous Quartz Watch Brand
Made In India: A Titan Story is a six-episode biographical drama series streaming for free on Amazon MX Player and available through Prime Video. It chronicles the incredible journey of Tata executive Xerxes Desai and J.R.D. Tata as they defy all odds to build India’s first world-class, indigenous quartz watch. The series is inspired by by Vinay Kamath’s book, Titan: India’s Most Successful Consumer Brand
Set in pre-liberalized India, the show highlights how a sidelined Tata executive (Xerxes Desai) pivots from a failing printing press venture to take on smuggled goods and foreign watch brands. Actor Naseeruddin Shah plays JRD Tata, while Jim Sarbh portrays Xerxes Desai in the series that traces the formation of the company and its growth within the consumer sector. The narrative focuses on decisions, ideas and execution that shaped the business over time. It presents the link between leadership and development of the company.
The story of Titan resonates strongly with Prime Minister Narendra Modi’s vision of “Make in India,” which champions domestic manufacturing, innovation, and self-reliance. Long before the initiative became a national movement, Titan embodied these principles by proving that an Indian company could design, manufacture, and market world-class products capable of competing with global brands.
In many ways, Made In India: A Titan Story serves as a compelling reminder that the foundations of India’s manufacturing ambitions were laid decades ago by pioneers who believed in creating globally competitive products on Indian soil.
From a single-product underdog in 1984 to a retail powerhouse today, Titan Company Ltd. has spent decades rewriting the rules of lifestyle and luxury. With a massive footprint of over 2,000 stores housing 16 iconic brands, they know how to make a statement. Look no further than their glittering jewellery lineup—featuring Tanishq, Zoya, Mia, CaratLane, and beYon—masterfully crafting everything from effortless everyday minimalist pieces to jaw-dropping, high-value luxury.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.