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
Gold, Silver Decline Further, MCX Silver Crashed To Hit Day’s Low
Globally, Spot Gold Is Struggling, Trading Below The $4,000 Mark and Hitting An 8-Month Low.
MCX gold prices fell by at least Rs 1,416, reaching an intraday low of Rs 1,41,115 per 10 grams. Globally, spot gold is struggling, trading below the $4,000 mark and hitting an 8-month low.
MCX silver took a massive hit, crashing by Rs 5,662 to reach a daily low of Rs 2,22,901 per 1Kg. Spot silver followed a similar trend, plunging nearly 2% to a 7-month low of $57.6 per ounce.
The primary catalyst for this downturn is robust US economic data, which has demonstrated the economy’s resilience and cemented market expectations that the Federal Reserve will implement interest rate hikes this year.
Key economic indicators influencing this shift include:
Strong Employment: The latest JOLTS report revealed that US job openings have surged to a two-year high. Additionally, market analysts are anticipating another solid increase in the upcoming June non-farm payrolls.
Unknown
Persistent Inflation: According to a report by Trading Economics, recent core inflation readings are maintaining levels significantly above the Federal Reserve’s target of 2%.
-
National News1 hour agoIIJS Bharat Premiere Invites Top Retailers Across Kerala
-
ShowBuzz1 hour agoKerala Tourism Minister Inaugurates Kerala Jewellery International Fair 2026 in Kochi
-
National News49 minutes agoJewellers To Be Roped Into Drive GMS
-
National News41 minutes agoGold, Silver Decline Further, MCX Silver Crashed To Hit Day’s Low

