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 Partners With The Leela To Offer Exclusive Hospitality Benefits To Members
The Association Is Designed To Support Members’ Business and Personal Travel Needs, Offering Special Pricing, Room Upgrades, Hotel Credits, Dining and Spa Discounts, and Other Privileges
GJEPC has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group.
The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and spa discounts, and other privileges at participating Leela properties across India. Benefits also include early check-ins, late check-outs and complimentary nights, subject to applicable terms and length of stay.
Kirit Bhansali, Chairman, GJEPC:
“Our members travel across India for business, exhibitions and other activities. This association will make their stays more comfortable and rewarding. The Leela is known for its excellent hospitality and service, and through this partnership, our members can access special benefits at participating hotels across India, including hotel credits, discounts on dining and spa services, and other exclusive privileges.”
Anurag Bhatnagar, Whole-time Director and Chief Executive Officer, The Leela Palaces, Hotels and Resorts said:
“The MOU is just a symbol. What we are cementing today is a relationship that goes beyond transactions and beyond the MOU. As members of this Council, you have The Leela for life, for your families and your friends.”
For GJEPC, the alliance adds a hospitality dimension to its member services, recognising the frequent travel associated with the gem and jewellery trade. For The Leela, the partnership offers an opportunity to build a closer relationship with a nationwide industry community while extending its Indian hospitality proposition to members, their families and business associates.
Key benefits for GJEPC members include :Special member rates across participating Leela properties,Room upgrades (subject to availability),Hotel credits, and discounts on dining and spa services,Early check-ins and late check-outs, Complimentary fourth night on eligible three-night bookings (select destinations),Club lounge access (subject to applicable conditions),Dedicated guest services and support for travel arrangements, Curated cultural experiences showcasing the art and traditions of each destination.
Mutual Engagement Ring-Wearing On The Rise, Insurance Lagging: Jewelers Mutual Group 2026 Engagement Ring Study
GJEPC Partners With The Leela To Offer Exclusive Hospitality Benefits To Members
MCX Gold, Silver Surge Ahead On US Inflation Data, Crude Price Dip
-
National News1 hour agoGJEPC Partners With The Leela To Offer Exclusive Hospitality Benefits To Members
-
JB Insights2 hours agoCIBIL Score Plays A Key Role In Festive Financing
-
DiamondBuzz2 hours agoRichemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
-
National News1 hour agoMCX Gold, Silver Surge Ahead On US Inflation Data, Crude Price Dip
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.