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
MCX Gold and Silver Futures Rebounded In Early Domestic Trading
Volatility Is Expected To Persist As Markets Track Movements In The US Dollar Index, Crude Oil, and Policy Announcements From The US Federal Reserve and The Bank Of Japan.
Gold and silver futures rebounded in early domestic trading on Wednesday following a volatile session, as investors weighed geopolitical risks and supply disruptions in the Gulf against policy guidance ahead of upcoming central bank meetings.
On the Multi Commodity Exchange (MCX), precious metals posted early morning gains:Gold Futures: Rose 0.52% to trade at Rs 151,590 per 10 grams.Silver Futures: Advanced 1.28% to reach Rs 235,100 per kg.The morning rebound follows a negative settlement in the previous session across global and domestic markets.
On Monday, bullion prices closed lower across both international and domestic benchmarks amid a volatile trading session. In the international futures market, December gold dropped 0.88% to settle at $4,351.90 per troy ounce, while December silver posted a larger decline of 1.36%, ending at $64.138 per troy ounce. Reflecting the global downtrend, domestic contracts on the MCX also ended in negative territory, with October gold falling 1.02% to settle at Rs 1,51,230 per 10 grams and December silver sliding 0.97% to close at Rs 2,32,690 per kg.
The precious metals market remains caught between inflationary headwinds and monetary policy expectations.
- Crude Oil Pressures: Elevated crude oil prices, spurred by Gulf supply concerns, continue to stoke global inflation worries. Higher inflation expectations have bolstered bets on sustained interest rates, increasing the opportunity cost of holding non-yielding bullion. Higher crude oil prices driven by Gulf supply concerns have added to inflation worries, which could fuel rate expectations and weigh on non-yielding metals.
- Key Events Ahead: Volatility is expected to persist as markets track movements in the US dollar index, crude oil, and policy announcements from the US Federal Reserve and the Bank of Japan.
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National News15 minutes agoMCX Gold and Silver Futures Rebounded In Early Domestic Trading
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