National News

Kalyan Jewellers Q4 Update:Revenue Surges 37% Year-on-Year

Published

12 months ago

April 7, 2025

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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).

Related Topics:2025 Kalyan Jewellers nationalnews

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National News

Malabar Gold & Diamonds Opens New Showroom In KR Puram, Bengaluru by cine actress Srinidhi Shetty

Published

3 hours ago

March 31, 2026

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Malabar Gold & Diamonds today opened its new showroom in KR Puram, Bengaluru, by actress Srinidhi Shetty further strengthening its presence in one of the country’s most established urban jewellery markets. With this launch, the brand’s network has expanded to 24 showrooms in Bengaluru and 46 showrooms across the Karnataka & Goa region.

The showroom was inaugurated on Saturday, 4:30 PM, by cine actress Srinidhi Shetty, in the presence of Filsor Babu, Regional Head – Karnataka, of senior leadership from Malabar Gold & Diamonds, guests, and members of the local community.

The KR Puram showroom has been designed to offer a structured and comfortable retail environment, with a layout that supports easy navigation, clear product display, and personalised customer assistance. Developed in line with Malabar Gold & Diamonds’ global retail standards, the showroom brings together an extensive range of jewellery across gold, diamonds, platinum, and precious gemstones, addressing both traditional and contemporary preferences. Additionally, Malabar Gold & Diamonds is offering customers special exclusive offers. These include up to 40% off on making charges of all gold, uncut, and gemstone jewellery, up to 30% off on diamond value, this offer valid till 31^st March, 2026, Free silver coin with Akshaya Tritiya booking at 10% onwards, 0% deduction on old gold exchange, sell your old gold to get maximum cash value & assured same-day payment (*T&C Apply)

The showroom showcases a comprehensive assortment spanning bridal jewellery, occasion-led collections, festive wear, everyday designs, and contemporary styles. Signature collections across diamonds, uncut diamonds, gemstones, handcrafted gold, and polki jewellery are available, reflecting a balance between craftsmanship, design detailing, and evolving customer preferences.

Commenting on the launch, M. P. Ahammad, Chairman, Malabar Group, said:

“Bengaluru is a market where jewellery buying spans both everyday use and occasion-led purchases, with a clear focus on design, quality, and ease of experience. KR Puram has seen steady residential growth, and this showroom allows us to serve that demand with wider collections and a retail environment that is structured, accessible, and consistent.”

Customers visiting the showroom will benefit from Malabar Gold & Diamonds’ customer-first practices, including transparent pricing, detailed product disclosure, HUID-compliant gold, certified diamonds, and the One India One Gold Rate policy, ensuring uniform gold pricing across the country.

With this launch, Malabar Gold & Diamonds continues to deepen its presence across Bengaluru’s expanding neighbourhoods, aligning its retail format to local buying behaviour while maintaining consistent standards of quality, transparency, and service.