National News
Kalyan Jewellers Q4 Update:Revenue Surges 37% Year-on-Year
The recently concluded quarter has been a very fulfilling one recording consolidated revenue growth of approximately 37% when compared to the same period in the previous financial year despite extreme volatility in the gold prices.Our India operations witnessed revenue growth of approximately 39% during Q4 FY2025 as compared to Q4 FY2024, driven primarily by robust wedding demand. The quarter recorded healthy same-store-sales-growth of approximately 21%.
We launched 25 Kalyan showrooms in India during the recently concluded quarter, and another 3 showrooms during the first week of April 2025. We launched 14 Candere showrooms during Q4 FY 2025.
In the Middle East, we witnessed revenue growth of approximately 24% when compared to the same period in the previous financial year driven primarily by same-store-sales-growth. Middle East contributed approximately 12% to our consolidated revenue for the recently concluded quarter.
Our digital-first jewellery platform, Candere, recorded a revenue de-growth of approximately 22% during the recently concluded quarter as compared to the same period during the last year.
As communicated earlier, for FY 2026, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India (including 5 larger-format flagship Kalyan showrooms), 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India. We have completed signing LOIs for the Franchisee Owned Company Operated (FOCO) showrooms planned for the year in India.
Kalyan is upbeat about the ongoing quarter and are witnessing encouraging trends in the advance collections for both Akshaya Tritiya as well as for wedding purchases for the festive/wedding season.As of March 31, 2025, our total number of showrooms across India and the Middle East stood at 388 (Kalyan India – 278, Kalyan Middle East – 36, Kalyan USA – 1, Candere – 73).
National News
MCX Gold Under Pressure, Silver Price Recovers Some Losses
While Safe-Haven Assets Have Seen Global Selloffs, Crude Oil and The US Dollar Are Holding Firm
Precious metals are facing a dual wave of pressure today as escalating geopolitical friction in the Middle East clashes with a hawkish regulatory outlook from the US Federal Reserve. While safe-haven assets have seen global selloffs, crude oil and the US dollar are holding firm.
Domestic (MCX): Gold opened with a gap down and is currently trading with a weak undertone below the Rs 1,43,500 per 10 grams mark.
Technical Outlook: Immediate support rests at Rs 1,43,000–Rs 1,42,500. A break below this could pull prices down to Rs 1,41,000. Resistance is noted at Rs 1,43,700–Rs 1,44,000.
Global (COMEX): Spot gold has dropped below $4,070 per ounce, marking its second consecutive daily decline. It continues to trade with a weak undertone below the key $4,100 threshold.
Domestic (MCX): After crashing by over Rs 1,000 to an intraday low of Rs 2,21,502 per 1 kg, MCX Silver staged a mild recovery. It is currently hovering around the Rs 2,23,192 mark (down 0.11%).
Technical Outlook: Key support holds at Rs 2,20,000–Rs 2,19,000. To regain positive momentum, it needs to reclaim and hold above the Rs 2,24,000–Rs 2,25,000 resistance zone.
Global (COMEX): Spot silver dropped 1%, trading just below $58 per ounce.
Counter-Trend Note: Bucking the global downturn, India’s Gold ETFs recorded 8 million in net inflows for June, reversing May’s outflows as domestic investors utilized price dips as a buying window.
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