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

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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).

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SRK’s Sustainability Leadership Recognised With Excellence Award

Recognition Highlights The Growing Role Of Responsible Craftsmanship In The Natural Diamond Industry

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As environmental, social and governance (ESG) considerations increasingly move from voluntary corporate commitments to matters of business resilience, supply-chain responsibility, regulatory scrutiny and stakeholder trust, sustainability is becoming an increasingly important part of how luxury products are evaluated. For the global diamond industry, this evolution is bringing greater attention to the environmental and social performance of the entire value chain, including how diamonds are crafted. Against this backdrop, renowned natural diamond crafting and exports company Shree Ramkrishna Exports (SRK) has been recognised with the “Net Zero Excellence Award” by The Forum House during The House of ESG Summit & Awards 2026, held recently in Bengaluru, India.

The recognition carries particular significance because ‘The House of ESG’ by The Forum House, an executive forum connecting businesses with senior decision-makers and building relationships around meaningful business challenges, brought together CXOs, policymakers, investors, sustainability leaders and industry experts to examine the real-world challenges where sustainability intersects with profitability, supply-chain dependencies and regulatory scrutiny.

Dr. Nirav Mandir, Chief Human Capital and Sustainability Officer, Shree Ramkrishna Exports,Said:

“We are honoured to receive this recognition from The Forum House, particularly because the House of ESG brings together leaders who are actively shaping the next phase of responsible business. For SRK, sustainability has been about building systems, measuring outcomes and creating lasting impact. We believe the natural diamond industry has an opportunity to demonstrate that responsible crafting can be embedded into the product journey itself. This recognition encourages us to continue raising that standard.”

For SRK, the recognition comes after decades of translating sustainability commitments into measurable performance. Both of the company’s flagship LEED platinum certified natural diamond crafting facilities in Surat — SRK Empire and SRK House achieved Net-Zero Energy and Emissions certification in 2024 by Global Network for Zero (GNFZ), an independent, third-party net zero certification body. SRK has subsequently expanded its focus to independently verified Scope 1, Scope 2 and Scope 3 emissions and product-level carbon measurement. SRK’s sustainability journey extends across renewable energy, green-building performance, resource efficiency, water and waste management and carbon sequestration. Through Geeta Vatika, its afforestation initiative, SRK has continued to create measurable carbon-sequestration impact. As per verified carbon sequestration by DQS, Geeta Vatika accounted for approximately 2,929 tonnes of CO₂ in FY2023–24, 3,182 tonnes in FY2024–25 and 4,982 tonnes in FY2025–26.

SRK’s sustainability efforts are also being measured at the level of the diamond-crafting process itself. Its Product Carbon Footprint was independently verified by DQS India. This provides a direct product-level dimension to the sustainability conversation: at the crafting stage covered by the assessment, the carbon sequestration credit exceeded the emissions associated with the core manufacturing process.

The recognition from The Forum House comes at a relevant moment for both SRK and the wider diamond industry. As ESG moves towards greater scrutiny and accountability, the distinction between what a company says about sustainability and what it can demonstrate through data, systems and independently verified results is becoming increasingly important. For SRK, the Sustainability Excellence recognition is an acknowledgement of its approach to embedding sustainability into the way natural diamonds are crafted and a catalyst to continue progressing beyond its Net-Zero milestones towards a broader Net Positive ambition.

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