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
After the Splash: Silver Jewellery That Keeps Holi Sparkling
Article to be attributed to Aditya Modak, Co-founder of Gargi by P. N. Gadgil & Sons
Holi is more than just a festival of colour; it’s a celebration that stretches from lively daytime gatherings to relaxed evening soirees. From playful powder fights and music-filled terraces to cozy dinners and post-party catch-ups, every moment calls for jewellery that’s lively, fun, and ready to keep up with the festival’s energy. Silver jewellery, with it’s soft shine and lightweight charm, has become the go-to pick for anyone who wants to stay stylish without any fuss, letting you enjoy the colours, laughter, and movement without feeling weighed down.
As the sun begins to dip and the day winds down, the right silver pieces effortlessly carry the energy of Holi into the evening. Chunky rings with textured designs or tiny gemstone touches catch the light every time you gesture-whether you’re raising a glass, clapping along to music, or laughing with friends. You can stack a few for a playful, layered look or let a single statement ring do all the talking; either way, they feel alive, fun, and completely in sync with the festival’s free-spirited vibe. Silver rings are no longer just accessories- they’re conversation starters, little bursts of sparkle that mirror the colourful chaos of the day.


Necklaces come alive as the evening sets in. Delicate silver chains with little pendants catch the soft glow of lights, while longer, layered strands move effortlessly with you, adding depth, dimension, and just the right touch of drama to your look. They’re easy to wear, fun to mix and match, and the kind of jewellery that moves with you-catching subtle hints of the day’s playful colours while keeping up with the night’s relaxed pace. Layered chains can be teamed with rings or earrings for a playful, festive vibe, or worn on their own for a simple, elegant look that still catches the light in every photo.


Earrings are the finishing touch that ties everything together. Oversized hoops, sculptural drops, or modern ear studs catch the light with every turn of your head, framing your face and adding a playful personality without ever feeling heavy. Their shapes and textures make them just as perfect for laughter-filled conversations after Holi as they were for the sunlit festivities earlier in the day. They add a gentle sparkle that makes even the simplest outfits feel festive, and their versatility lets you transition effortlessly from a bright, colourful daytime celebration to a relaxed, stylish evening gathering.

Even the smaller pieces matter. Fine bracelets, delicate rings and subtle anklets add soft shimmer as you move through the evening. They feel effortless, letting you enjoy the party without worrying about your jewellery. When paired with statement rings, layered chains and bold earrings, these subtle pieces complete a look that’s playful, expressive, and perfect for Holi’s after-party vibe. They’re also easy to mix and match across the festival season, meaning your jewellery can be reused and restyled for different occasions without losing its charm.
Holi is a festival of energy, movement, and colour, and silver jewellery is one of the few things that can keep pace with all three. It’s light enough to wear all day, catches the light with every movement, and works effortlessly with any look, mood, or celebration. It’s lightweight enough to wear from dawn to dusk, reflective enough to catch every glimmer of light and versatile enough to work with multiple looks, moods and celebrations. From bold, statement-making rings to delicate chains that sway with your every step, each piece carries a sense of freedom and fun- just like Holi itself.

“Silver jewellery by Gargi is made to capture the spirit of Holi- the colours, the movement, and the joy in every gesture. Each piece reflects light, moves with you as you dance, and adds a playful sparkle that works from the sunlit celebrations to relaxed evening gatherings. It’s jewellery that doesn’t just accessorize, it becomes part of the festival itself,” says Aditya Modak, Co-Founder of Gargi by P.N. Gadgil & Sons.
Even after the whirlwind of colours and celebrations, silver keeps on shining. From delicate glimmers to bold statement pieces, it carries the energy and joy of Holi well into the night. As the day comes to a close and the colours settle, Gargi’s silver jewellery keeps sparkling and moving with you; from glimmering rings and layered necklaces to playful earrings and delicate bracelets. With the right pieces, your Holi look doesn’t end with the party; it stays effortless, lively, and full of personality well into the evening.
source:P. N. Gadgil & Sons
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