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
Divine Solitaires Announces Special Dhanteras Offers On Diamond Coins
The Festive Offer, Available From 26 October To 6 November, Includes Assured Gifts, A Lucky Draw and Price Protection
Divine Solitaires, India’s leading natural diamond solitaires brand, is offering special Dhanteras benefits on its Diamond Coins from 26 October to 6 November 2026. The offer includes an assured gift with every eligible purchase, a lucky draw with 100% cashback vouchers for 10 customers, and price protection.
Dhanteras is considered an auspicious occasion to welcome prosperity and good fortune, with many families purchasing precious metals and jewellery as part of the tradition. Divine Solitaires’ Diamond Coin brings natural diamonds into this festive tradition and is available in three variants: a 1-gram coin featuring a 0.10-carat diamond, a 2-gram coin featuring a 0.14-carat diamond, and a 3-gram coin featuring a 0.18-carat diamond.
As part of the Dhanteras offer, customers purchasing any of the three Diamond Coin variants will receive a Laxmi Ji gold frame as an assured gift. Additionally, 10 customers will be selected through a lucky draw to receive a 100% cashback voucher, redeemable against their next purchase.
The offer also includes price protection, allowing customers to benefit if gold prices fall before delivery while remaining protected against price increases. This gives customers added assurance when making their festive purchase.
Commenting on the evolving diamond industry, Jignesh Mehta, Founder and MD of Divine Solitaires, said:
“Dhanteras has traditionally been associated with bringing home precious possessions as a symbol of prosperity and good fortune. Over the years, the way consumers celebrate this occasion has evolved, creating opportunities for natural diamonds to become a part of these meaningful traditions. I believe the future of the Indian diamond industry lies in building greater consumer awareness, strengthening trust and making natural diamonds more accessible to a wider audience. At Divine Solitaires, we remain committed to contributing to this evolution through our focus on quality, transparency and innovation.”
Each Divine Solitaires Diamond Coin features natural diamonds cut in the brand’s 8Hearts8Arrows pattern. The brand’s focus on quality and transparency is supported by a quality guarantee certificate based on 123 quality checks. Divine Solitaires also offers upgrade and buyback facilities, subject to applicable terms and conditions.
The Dhanteras offer is available from 26 October to 6 November 2026. Terms and conditions apply.
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