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
GJEPC Completes 9th Export Training Programme In Delhi
The Three-Day Programme Equipped Aspiring Exporters With Practical Knowledge On Export Procedures, Compliance, Government Schemes and Global Market Opportunities, While Highlighting GJEPC’s Export Promotion Initiatives.
Programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals.
GJEPC has concluded the ninth batch of its three-day training programme, How to Begin Gem & Jewellery Exports, aimed at equipping aspiring exporters with the knowledge and practical skills needed to enter international markets.
Organised by the GJEPC Regional Office, Delhi, the programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals. The training covered key aspects of the export business, including export procedures, documentation, the Foreign Trade Policy, export compliance, government schemes, market development and opportunities in overseas markets. Participants also gained practical insights into navigating international trade and expanding their global reach.
The sessions were led by Ranjan Upreti, Foreign Trade Consultant, alongside Council Secretariat officials Mithlesh Pandey, Ashish Sakhardande, Ashutosh Srivastava and Sanjay Madaan, who shared their expertise on various aspects of the export ecosystem.
Participants were also introduced to GJEPC’s export promotion initiatives and support services, including market facilitation, capacity-building programmes, trade promotion activities and international networking opportunities designed to help businesses expand overseas.
The programme concluded with a valedictory session, where Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, presented certificates to the participants. Addressing the attendees, he stressed the importance of compliance, due diligence, ethical business practices and effective risk management in building sustainable export businesses.
-
National News1 day agoPrecious Metals Faced Mixed Signals Markets Digest Fed Stance and Geopolitical Risks
-
BrandBuzz49 minutes agoNature’s Smallest Wonders Inspire Palmonas New Collection ODE To Nature
-
National News24 hours agoIIJS Bharat Premiere 2026, Brings Together Innovation, Craftsmanship, Technology, and International Business Opportunities Under One Roof
-
By Invitation2 hours agoFrom Prompt To Pendant: How AI Is Turning Jewellery Buyers Into Designers
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.