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
Hari Krishna Group Turns Anniversary into Contribution: 459 Units Donated, Total Blood Collection Reaches 21,863
On its 13th anniversary, Hari Krishna Exports Pvt. Ltd. reinforces its commitment to social responsibility with a landmark blood donation drive and preventive healthcare initiative in Mumbai.
Hari Krishna Exports Pvt. Ltd. (HK), a globally recognised diamond manufacturing company known for ethical sourcing and transparency, celebrated its 13th anniversary at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a strong commitment to social responsibility and sustainable impact.
For the past 13 consecutive years, the company has marked its anniversary by organising a blood donation drive, reflecting its belief that true growth is measured by the positive difference made to society. Continuing this meaningful tradition, this year’s drive resulted in the collection of 459 units of blood, taking the organisation’s total contribution to 21,863 units of blood donated till date.
In a first-time initiative, HK also organised a Blood CBC (Complete Blood Count) Check-up Camp, which received an encouraging response. A total of 162 participants registered and completed their CBC tests free of charge, promoting preventive healthcare and well-being.
The event was attended by Sabyasachi Ray, Executive Director of Gem & Jewellery Export Promotion Council (GJEPC), along with representatives from the banking sector, members of the gems and jewellery industry, employees, and well-wishers, all coming together in the shared spirit of saving lives and supporting community welfare. Qualified medical professionals ensured proper screening and safe procedures throughout the day.
Addressing the gathering, founder Ghanshyambhai Dholakia shared that sustainability for the organisation goes beyond manufacturing and selling diamonds. He emphasised that alongside business growth, the company remains committed to sustainable practices aligned with broader Sustainable Development Goals, and continuously encourages employees and industry partners to actively participate in meaningful social initiatives such as blood donation drives.
As HK steps into another year, its focus remains clear — growth with responsibility, sustainability in action, and progress that benefits both business and society.
source :Hari Krishna Exports Pvt. Ltd
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