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
Gold Futures Rise To Rs1.55 Lakh As Demand Strengthens
Gold Prices Also Moved Higher Internationally. Gold Futures In New York Advanced 0.40% To $4,394.01 An Bounce, Reinforcing The Positive Trend In Domestic Markets.
MCX Gold futures extended their gains supported by firm spot-market demand and fresh buying by market participants.
On the MCX), gold contracts for October delivery rose Rs 676, or 0.44%, to Rs 1,55,182 per 10 grams. Trading volume stood at 1,111 lots.Analysts attributed the rise to the creation of fresh positions by speculators, alongside steady demand in the physical market.
Gold prices also moved higher internationally. Gold futures in New York advanced 0.40% to $4,394.01 an ounce, reinforcing the positive trend in domestic markets.The latest move keeps bullion firmly in focus as traders track physical demand and shifts in speculative positioning for further direction.
On the other hand, crude oil prices corrected but stayed elevated. US WTI crude is volatile but above $82 per barrel and Brent crude is marginally up and near $89 per barrel. Natural gas price plunged by 2.5%, while gasoline prices have also corrected.
Data released last week pointed to tame US inflation, while consumer sentiment and retail sales weakened. Markets now see roughly a one-in-three chance of a Fed rate hike in September, down from nearly 50% before the data. Investors are now awaiting the FOMC’s latest meeting minutes and Fed Chair Kevin Warsh’s speech at the Jackson Hole symposium for further guidance
Gold Futures Rise To Rs1.55 Lakh As Demand Strengthens
Senco Gold & Diamonds Brings An Exclusive Jewellery Exhibition To Bikaner, Celebrating Rajasthani Craftsmanship And Senco’s Kolkata Karigari Heritage
IAGES and SPJIMR Launch ‘Advanced Leadership Programme In Gold Entrepreneurship’ To Build India’s Next Generation of Gold Business Leaders
Gold Futures Rise To Rs1.55 Lakh As Demand Strengthens
GJEPC Thanks Commerce Secretary For Tax Bill Passage
Senco Gold & Diamonds Brings An Exclusive Jewellery Exhibition To Bikaner, Celebrating Rajasthani Craftsmanship And Senco’s Kolkata Karigari Heritage
-
National News43 minutes agoGold Futures Rise To Rs1.55 Lakh As Demand Strengthens
-
National News3 days agoGJEPC Thanks Commerce Secretary For Tax Bill Passage
-
National News3 days agoSenco Gold & Diamonds Brings An Exclusive Jewellery Exhibition To Bikaner, Celebrating Rajasthani Craftsmanship And Senco’s Kolkata Karigari Heritage
-
National News3 days agoIAGES and SPJIMR Launch ‘Advanced Leadership Programme In Gold Entrepreneurship’ To Build India’s Next Generation of Gold Business Leaders
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.