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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 ~

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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.”

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National News

This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas

Turning A Timeless Tradition Into A Keepsake Of Sibling Love

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Raksha Bandhan has always been about more than a thread tied around a brother’s wrist. It is a celebration of a bond built over years, from childhood arguments and inside jokes to being each other’s constant through life’s biggest moments. As siblings grow older, the relationship may evolve, but the feeling behind it only becomes stronger.

This Raksha Bandhan, Palmonas brings a contemporary touch to the traditional ritual with its Rakhi collection, designed to celebrate the sibling bond in a way that can be cherished beyond the festival. Palmonas’ Rakhis bring this thought to life by transforming a familiar festive symbol into a keepsake that can be worn and treasured even after Raksha Bandhan. The collection features two distinct options, each offering a different take on the timeless ritual.

The Demi-fine® Rakhi is crafted from Stainless Steel with an 18K gold-tone finish, bringing together contemporary design and meaningful symbolism. The collection features the Harmony Mandala Rakhi, accented with 9 cubic zirconia stones, which symbolizes harmony and balance. Inspired by the mandala, its intricate design reflects the togetherness shared between siblings. The Eternal Tree of Life Rakhi draws inspiration from the symbol of the Tree of Life, representing prosperity, growth and strength. The Guiding Star Rakhi, embellished with 10+ cubic zirconia stones, symbolizes guidance, hope, and protection, reflecting the special bond between siblings and the promise of always being there for one another. Each design is finished with a comfortable knotted thread, bringing together thoughtful symbolism and contemporary craftsmanship.

For those looking for something more timeless, the Silver Rakhi collection is crafted from fine silver, offering a refined take on the traditional Rakhi. The Eternal Infinity BRO Fine Silver Rakhi, designed for brothers, features two white cubic zirconia stones and symbolizes the strength and lifelong bond between siblings. The Eternal Evil Eye Fine Silver Rakhi features the iconic Evil Eye motif, a classic symbol of protection and good fortune, thoughtfully designed to celebrate the unbreakable bond between siblings.

At its heart, Raksha Bandhan is about showing up for each other. The gifts may change with time, but the emotion remains the same. With its Rakhi collection, Palmonas celebrates this evolving expression of sibling love, giving a familiar tradition a modern, wearable form that can become a lasting reminder of the bond between brothers and sisters.

Because some bonds deserve more than a moment, they deserve a keepsake.

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