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
Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
Indinoor Brings South Indian Heritage To Life With A Contemporary Temple Jewellery Edit Curated By Shanaya Kapoor
Raksha Bandhan has always been about celebrating one of life’s most cherished bonds. From tying the rakhi and exchanging sweets to reliving childhood memories and sharing in playful sibling banter, the festival is filled with traditions that bring families together year after year. While the sacred thread remains at the heart of the celebration, the ways we express love and appreciation for our siblings continue to evolve, with thoughtful gifts becoming an integral part of the occasion.
This Raksha Bandhan, look beyond the rakhi with keepsakes designed to be treasured long after the festivities are over. Whether it’s a bracelet she can wear every day, a meaningful charm symbolising protection and good fortune, or a contemporary accessory that reflects his personal style, Candere by Kalyan presents a curated selection of jewellery that celebrates the enduring bond between siblings.
Here’s a curated edit
Lavish Platinum Flexi Bracelet
Crafted for the modern man, the Lavish Platinum Flexi Bracelet combines platinum and rose gold detailing with a sleek black steel flexi band. Its clean, contemporary design offers a refined balance of understated style and distinctive detailing, making it a versatile accessory for everyday wear and festive occasions. Designed for men who appreciate modern, sophisticated accents, the bracelet adds a polished touch to any look.
Pair it with a classic watch or wear it on its own with a kurta or linen shirt for a refined festive look. It also makes a thoughtful Raksha Bandhan gift for the brother who appreciates contemporary, timeless style.
The Nairni Diamond Chain Bracelet beautifully combines a delicate gold chain with a sparkling floral-inspired diamond motif at its centre. Feminine, lightweight and effortlessly elegant, it is designed to add just the right amount of brilliance to everyday looks while complementing festive ensembles with ease. Its versatile design makes it a keepsake she’ll reach for long after Raksha Bandhan is over.
Pair it with other delicate bracelets for a layered look or wear it solo with a saree or kurta set for understated festive elegance. A meaningful gift for the sister who’s been your lifelong confidante.
Minimal yet striking, the Boxy Diamond Watch Stud features a geometric square silhouette highlighted with a brilliant round diamond at its centre. Designed to attach effortlessly to compatible watches or bracelets, it adds a refined accent that instantly elevates everyday accessories. Its clean lines and contemporary aesthetic make it ideal for those who appreciate subtle luxury.
Gift it to your brother as a sophisticated Raksha Bandhan keepsake that complements both festive and everyday dressing.
The Hamsa Evil Eye Diamond Charm brings together two timeless symbols of protection—the Hamsa hand and the Evil Eye— accented with sparkling diamonds and vibrant enamel detailing. Thoughtfully crafted to be worn on a bracelet or chain, the charm represents positivity, good fortune and protection, making it a meaningful choice for Raksha Bandhan.
Style it on a charm bracelet or pendant chain, or gift it as a heartfelt reminder of the promise to always look out for one another.
Droplet Trinket Diamond Watch Stud
Elegant and contemporary, the Droplet Trinket Diamond Watch Stud features diamond-set droplet motifs connected by a delicate gold chain. Designed to add a distinctive touch to compatible watches, this unique accessory brings movement, sparkle and a personalised element to everyday styling. Its modern silhouette makes it a statement detail without overpowering the overall look.
Pair it with a sleek watch for a contemporary finish or gift it to your sibling as a distinctive keepsake that celebrates your enduring bond.
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