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
Talla Jewellers Unveils New Showroom In Akhnoor, Jammu, Fifth Store In The Region
Auspicious Navratri opening strengthens the brand’s presence and brings an exquisite jewellery collection closer to customers in Akhnoor.
Talla Jewellers has inaugurated its new showroom in Akhnoor, Jammu, marking its fifth outlet in the region. The showroom was inaugurated on the first day of Navratri, adding an auspicious touch to this milestone in the brand’s growth journey.
The inauguration ceremony was graced by Mohan Lal Bhagat, Honourable MLA, Akhnoor, who attended as the Chief Guest. Representing Talla Jewellers were Ajay Talla, Anju Talla and Aman Talla.
The new showroom offers an exquisite selection of gold, diamond and other jewellery designs, catering to diverse customer preferences and occasions. With a focus on quality, craftsmanship and customer satisfaction, the store aims to provide customers in Akhnoor with a wider choice of jewellery for weddings, festivals, celebrations and everyday wear.
The opening reflects Talla Jewellers’ continued commitment to expanding its presence while strengthening its relationship with customers and families across the region. Built on the values of trust, quality and lasting relationships, the brand continues to celebrate life’s precious moments through jewellery that connects generations.
With the launch of its Akhnoor showroom, Talla Jewellers takes another step towards making its collections more accessible to customers while reinforcing its presence in Jammu and Kashmir.
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