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).
GJEPC’s Sydney leg brought together 32 participants, including 15 representatives from 9 leading jewellery brands, 8 visiting delegation members, CG Office representatives and event partners.
The outreach connected Indian exporters with Australia’s independent jewellery network through a day of industry engagement, showroom visits and business interactions.
The programme included visits to Altmann & Cherny, ABC Showroom and Queen Victoria Building, followed by the official delegation dinner at Doltone House.
Participating jewellery brands: Excellent Jewellers, Altmann & Cherny, Roberto Mattei Jewellery Design, Ashmi Jewellers, Malabar Gold & Diamonds, Nicole Winkler Jewellery, Joyalukkas, RB Diamonds and Lords Jewellers.
With India’s gems & jewellery exports to Australia reaching US$374.33 million in FY2025–26, the Sydney outreach further strengthened industry connections and explored new opportunities under the India–Australia ECTA.
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