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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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SSI Delhi 3rd Edition Marks A New Inflection Point  For India’s Silver Ecosystem

The Show Redefined Silver As The Ultimate Canvas For Modern Fashion and Heritage Craft. It Highlighted Lightweight Innovation and Modern Luxury

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Silver Show of India (SSI)- Delhi 3rd Edition held at Yashobhoomi (IICC), Dwarka, New Delhi marked a significant moment for India’s evolving silver jewellery and articles ecosystem. Against a backdrop of historically high gold prices and shifting consumer preferences, silver is moving beyond its traditional positioning as an alternative metal to emerge as a compelling canvas for fashion, luxury, lifestyle and retail innovation.

Silver Show of India(SSI)- Delhi 3rd Edition was inaugurated at by Chief Guest Vijay Khanna,Director – Khanna Jewellers along with Guest of Honour Ajay Talla, Chairman – Talla Jewellers(Jammu). Present at the inauguration were Dr Chetan Kumar Mehta, Chairman-SSI, President- JAB, , Amit Jindal, Gurugram Jewellers Association and Jigar Patel, Jaykrishna Jewellers.Representing IBJA were Anurag Rastogi, North India Head, Kanaya Kakad, Jt Treasurer, Surendra Mehta, National Secretary. Rajesh Lunkad, Director- JAB, Sreekanth Urs, CMD-GES Worldex India Pvt Ltd and dignitaries from the GJ sector.

The show  opened with tremendous energy in Delhi, bringing together 290 exhibitors across 710 stalls and around 11,000 buyer registrations.

Vijay Khanna, Khanna Jewellers said:

“It is heartening to see the massive response to SSI, the driver of growth of silver sector . I wish SSI all the best- and pray that it sees larger growth and response year on year.”

Dr Chetan Kumar Mehta,Chairman-SSI & President- JAB said:

“SSI is not just an exhibition- it is a lifeline for the silver industry.When trade and industry speak about silver, invariably they mention SSI.This show has been instrumental in driving the growth of silver.Today silver is, truly, the new gold.”

Sreekanth Urs CMD, GES Worldex India Pvt. Ltd:

“At SSI Our focus remains on creating a strong platform for business, innovation, networking and new opportunities across the silver trade.The growth we have witnessed in Delhi reflects the confidence the silver industry has placed in SSI. I sincerely thank our exhibitors, buyers, visitors and industry partners for their continued support.”

A defining theme at the showcase was the industry’s ability to balance heritage craftsmanship with contemporary commercial demands. Buyers and retailers showed strong interest in high-quality, lightweight designs that deliver visual volume and luxury appeal without excessive grammage. Advanced manufacturing techniques such as casting, hollow-forming and electroforming are enabling manufacturers to achieve this balance.

At the same time, traditional artistry is being refreshed through modern finishes. Kundan, meenakari, nakash, temple and tribal-inspired designs are being paired with contemporary treatments such as black rhodium and rose-gold plating, creating distinctive collections suited to modern consumers.

Silver’s growth is also extending beyond jewellery. Luxury silverware, sacred sculptures, home décor, gifting, wedding keepsakes and corporate products are opening new avenues for retailers and manufacturers. Dedicated collections for men and younger consumers, including minimalist chains, signet rings and oxidised designs, further demonstrate the category’s expanding reach.

The marketplace also reflected a growing emphasis on value over volume. Retailers showed willingness to invest in differentiated designs, superior finishes and craftsmanship, while buying sentiment remained cautiously optimistic ahead of the festive and wedding seasons.

SSI Delhi 3rd Edition ultimately highlighted a sector in transformation—one where heritage provides the emotional foundation and innovation drives commercial relevance. The next phase of silver’s growth will depend on how effectively the industry combines traditional artistry with precision engineering, lightweight design, advanced finishes and expanding lifestyle categories.

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