loader image
Connect with us

National News

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

Published

on

540 Views

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).

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

IBJA’s Appeal Regarding The PM Statement On Gold Purchases

Association Advises Jewellers To Continue Business Operations Normally While Encouraging Responsible Gold Buying and Recycling Practices

Published

on

1,819 Views

In the wake of Prime Minister Narendra Modi’s call for austerity and mindful spending, the India Bullion and Jewellers Association (IBJA) has urged jewellers and consumers to remain calm, avoid panic-driven reactions, and continue business operations responsibly. While acknowledging the Prime Minister’s emphasis on avoiding non-essential gold purchases amid prevailing economic uncertainties, IBJA emphasized that gold remains a culturally significant and trusted financial asset for Indian households. The association has advised jewellers to encourage informed and need-based buying, while also promoting recycling of old gold and transparent trade practices to ensure stability, consumer confidence, and the continued strength of the domestic bullion and jewellery sector. The statement was issued by.Anurag Rastogi-North India Head-IBJA

1. IBJA’s Message to Jewellers:

The Prime Minister has nowhere said that shops should be closed or that jewellers should stop selling gold to customers.

He has only stated that the country is currently going through a difficult phase, and if possible, people should reduce the use of gold for one year.

This does not mean purchases should stop completely. Customers should buy only as per necessity. Purchase only the minimum required or make use of old gold at home by recycling or repolishing it.

IBJA has appealed to jewellers not to panic. Solutions for business continuity will emerge. The government may have a larger roadmap in place, which could take some time to become clear.

The association is seriously reviewing the matter and discussions are ongoing with several agencies. Whatever decisions are taken will soon be communicated to jewellers and the media.

Until then, IBJA does not support any agitation, aggressive protest, shutdown, or opposition to the government. Traders have always stood with the government and will continue to do so.

Everyone is requested to continue operating their business normally, as before.

2. Appeal to Customers:

Customers are requested to take the Prime Minister’s remarks seriously.

If there is a need for 100 grams of gold, people should try to purchase only the minimum quantity required.

India imports gold from abroad, which leads to expenditure of foreign exchange.

It would be better to recycle old gold lying at home and convert it into new jewellery.

3. The Road Ahead:

IBJA will soon hold discussions with the government on this matter. If sales slow down significantly, it could impact GST collections, income tax revenues, bank CC/OD facilities, and the livelihoods of nearly 1 crore people connected to the industry. The issue of employee salaries will also arise.

All these points will be discussed, and the process may take time. Until then, everyone is requested to continue business operations seriously and normally, and avoid creating any atmosphere that could worsen the situation.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x