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Kalyan Jewellers Q4 Update:Revenue Surges 37% Year-on-Year

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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).

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GJEPC Holds “Chaupal – 3Es: Educate, Empower And Export” For Zaveri Bazar Members

The Chaupal Was Aligned With The BCG-Backed “Export Roadmap For $100 Billion Gems & Jewellery Exports By 2040

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The Membership Department of GJEPC organised “Chaupal – 3Es: Educate, Empower and Export” for members of the Zaveri Bazar jewellery community, with a focus on helping manufacturers, traders and aspiring exporters understand the opportunities and support available within the export ecosystem.

Addressed by Mithilesh Pandey, Sr. Director, GJEPC, the interactive session highlighted the Council’s role in connecting the industry with the Government, facilitating exporters, opening avenues for international market access and supporting the growth of India’s gem and jewellery sector.

The Chaupal was aligned with the BCG-backed “Export Roadmap for $100 Billion Gems & Jewellery Exports by 2040” and the Exim Bank–GJEPC report, “Making Clusters Exportable”. Zaveri Bazar is among the 17 high-potential clusters identified under this export-oriented approach.

Pandey outlined a three-pronged way forward for the cluster, beginning with “Membership to Market”. Members were apprised of the benefits of GJEPC membership, including RCMC, access to international shows, policy advocacy, the Parichay Card for artisans and handholding support for first-time exporters.

A key part of the discussion centred BCG’s growth framework, which offers a roadmap for strengthening India’s export competitiveness:

Global Market Diversification: Greater focus on studded, lightweight and designer jewellery.

Cluster Scale-up & Competitiveness: Common Facility Centres, design labs and technology upgrades.

Ease of Doing Business: Simplification of EXIM procedures, the Risk Management System and AI-based customs appraisal.

Brand India: Initiatives such as “Crafted by India” and the IJEX platform for 365-day buyer connect.

Affordable Export Finance: Concessional credit, interest subvention and ECGC support for MSMEs.

Together, these pillars point to a larger shift—from simply encouraging exports to building the capabilities, infrastructure, market access and financial support required to make clusters more competitive globally.

The session also highlighted three Government initiatives  of particular relevance to Zaveri Bazar members: Under Districts as Export Hubs (DEH), Mumbai has been identified as a priority district; Niryat Disha provides export orientation and documentation training, while Niryat Protsahan offers mentorship and handholding for new exporters.

The discussion also covered the importance of GJEPC membership and RCMC, MSME schemes and Government support, district-level export opportunities, and the role of IJEX in connecting Indian exporters with global buyers.

A practical element of the Chaupal was its focus on export readiness. Members were introduced to the handholding support available through the Membership/MSME Department and the steps required to move from domestic business to international trade.

The session also emphasised the importance of having the necessary documentation in place, including IEC, ICEGATE registration, an AD bank account and Customs KYC—key requirements in preparing businesses to participate in international trade.

The interactive format gave Zaveri Bazar members an opportunity to better understand the export ecosystem, Government schemes and the support mechanisms available to help them expand beyond the domestic market. The session also generated strong interest among members in GJEPC membership and export-related support.

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