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
Priority Jewels IPO Subscribed 100.45 Times At Close
Issue Attracts Over 32.16 Crore Bids, With NII Subscription Reaching 166.49 Times
Priority Jewels’ IPO witnessed strong investor demand, with the issue subscribed 100.45 times at the close of bidding on 1 September 2026. The company received bids for 32,16,91,275 shares, compared with 32,02,500 shares on offer.
The Qualified Institutional Buyers (QIB) portion was subscribed 39.87 times, while the Non-Institutional Investors (NII) category recorded a subscription of 166.49 times. The Retail Individual Investors (RII) segment was subscribed 106.76 times.
The IPO opened for subscription on 28 August 2026, with a price band of Rs 190–Rs 200 per share.
The issue comprises a fresh issue of 45.75 lakh equity shares, aggregating up to Rs 91.5 crore. Of the proceeds, around Rs 75 crore will be used for repayment/prepayment of working capital borrowings, with the balance earmarked for general corporate purposes.
Ahead of the public issue, Priority Jewels raised Rs 27.45 crore from anchor investors on 27 August. The company’s board allotted 13.72 lakh shares at Rs 200 per share to four anchor investors.
Lightweight jewellery remains core focus
Priority Jewels designs, manufactures and sells lightweight, affordable diamond-studded gold and platinum jewellery. Its portfolio includes rings, earrings, pendants, neckwear and bracelets, along with occasion and couture jewellery.
The company supplies jewellery to leading retail players including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri and Senco Gold. It also manufactures lab-grown diamond jewellery based on specific customer orders.
The company has a manufacturing capacity of approximately 700 kg annually, with capacity utilisation at 65% in FY26 and 58% in Q1 FY27.
During Q1 FY27, domestic sales accounted for 50.44% of revenue, while exports contributed 49.56%, reflecting the company’s balanced domestic and international business.
For the quarter ended 30 June 2026, Priority Jewels reported consolidated net profit of Rs 6.69 crore and sales of Rs 146.73 crore.
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