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).
Education
GSI Strengthens Experiential Gemological Education Through Vietnam Ruby Mine Field Trip for CSP Students
The activity reinforced GSI’s commitment to real-world learning and global gemological excellence for students
Gemological Science International (GSI), a global authority in gemological education and certification, reinforced its leadership in experiential learning with an immersive field trip to the Luc Yen Ruby Mine in Vietnam for students of its Color Stone Professional (CSP) Program.
Bridging Classroom Learning with Ground-Level Gemology
Organised from 18th to 22nd January 2026 for the CSP 9th Batch, the international field visit was designed to bridge classroom knowledge with on-ground industry realities. The programme offered students first-hand exposure to ruby geology, mining practices, gemstone sorting, valuation, and live market dynamics, while also fostering cultural awareness and team bonding.
Inside Vietnam’s Renowned Luc Yen Ruby Deposits
Luc Yen, located in Vietnam’s Yen Bai Province, is globally recognised for its ruby and spinel deposits formed within metamorphic marble and gneiss formations. During the mine visit, students closely observed manual and alluvial mining techniques, gravel washing, and on-site sorting of ruby rough. Interactions with local miners provided valuable insight into yield variations, seasonal challenges, and the realities of small-scale gemstone mining.
Understanding Market Dynamics at the Source
A key highlight was the visit to the Luc Yen gemstone market, where students witnessed real-time negotiations between miners, traders, and buyers. From understanding how colour, clarity, size, and cutting potential influence pricing to observing buyer psychology and market behaviour, the experience offered perspectives rarely accessible within a classroom environment.
Holistic Exposure Beyond the Mine
Beyond gemological training, the itinerary included cultural and recreational experiences in Hanoi, such as cave exploration, water rafting, and city sightseeing. These activities added depth to the learning journey, encouraging collaboration, cultural exchange, and holistic development.
Leadership Perspective on Experiential Education

“The future of gemology lies in education that goes beyond textbooks. Exposure to mines, markets, and global trade ecosystems equips students with confidence, context, and credibility,” said Meenu Vyas, Global Head Gemologist (GSI). “At GSI, we believe that true expertise is built when theory meets practice on the ground.”
Reinforcing GSI’s Commitment to Global Gemological Excellence
The Vietnam field trip stands as a testament to GSI’s commitment to nurturing globally competent gemologists through immersive education, international exposure, and industry-relevant learning experiences.
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