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
GJEPC Strengthens Thailand Trade Ties With Embassy Backing For IIJS Bharat
Discussions Focused On The Current India-Thailand Gem and Jewellery Trade Scenario, Increasing Thai Participation At The September Bangkok Jewellery Show, and Promoting IIJS Bharat 2026
GJEPC met officials at the Embassy of India in Bangkok during a courtesy visit to strengthen trade engagement between India and Thailand and expand promotional efforts for IIJS Bharat Premiere 2026.
The meeting was attended by Jagpreet Kaur, Head of the Economic & Commerce Wing, Mr. Navin Bhardwaj, Attaché (Economic & Commerce), and Tarun Mangal, Assistant Attaché (Economic & Commerce).
Discussions focused on the current India-Thailand gem and jewellery trade scenario, increasing Thai participation at the September Bangkok jewellery show, and promoting IIJS Bharat 2026 among Thailand’s jewellery industry.
Kaur assured the Embassy’s full support in promoting IIJS Bharat Premiere. The Embassy will facilitate outreach by sharing information on the show with Thailand’s jewellery trade through its database and requested GJEPC’s social media links to amplify IIJS Bharat promotions across its official communication channels
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