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Kalyan Jewellers Reports 35% Revenue Surge in FY25, PAT Rises to ₹714 Crore

Strong Q4 performance driven by wedding demand and festive sales, though Candere continues to face profitability challenges

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Kalyan Jewellers has reported a strong financial performance for the fiscal year ending March 2025, posting a 35% year-on-year increase in consolidated revenue, which rose to ₹25,045 crore, up from ₹18,516 crore in FY24. The company also recorded a 20% rise in consolidated Profit After Tax (PAT), reaching ₹714 crore, compared to ₹596 crore in the previous year.

In the fourth quarter of FY25, Kalyan Jewellers reported consolidated revenue of ₹6,182 crore, reflecting a 37% increase over the same quarter last year. The PAT for the quarter stood at ₹188 crore, marking 36% growth year-on-year.

While the core jewelry business performed strongly, the company’s digital-first lifestyle jewelry platform, Candere, continued to underperform. For Q4 FY25, Candere reported revenue of just ₹28 crore and incurred a net loss of ₹12 crore, highlighting ongoing challenges in the online jewelry segment.

Commenting on the results, Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers, said: “We had an excellent start to the current financial year despite continuing volatility in gold prices, carrying forward the momentum in business from the previous year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.”

The company attributed its strong performance to sustained demand during key festive periods and a growing appetite for wedding jewelry across its domestic and international markets. Looking ahead, Kalyan Jewellers remains optimistic about demand trends, despite market uncertainties related to gold price volatility.

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Hari Krishna Group Turns Anniversary into Contribution: 459 Units Donated, Total Blood Collection Reaches 21,863

On its 13th anniversary, Hari Krishna Exports Pvt. Ltd. reinforces its commitment to social responsibility with a landmark blood donation drive and preventive healthcare initiative in Mumbai.

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Hari Krishna Exports Pvt. Ltd. (HK), a globally recognised diamond manufacturing company known for ethical sourcing and transparency, celebrated its 13th anniversary at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a strong commitment to social responsibility and sustainable impact.

For the past 13 consecutive years, the company has marked its anniversary by organising a blood donation drive, reflecting its belief that true growth is measured by the positive difference made to society. Continuing this meaningful tradition, this year’s drive resulted in the collection of 459 units of blood, taking the organisation’s total contribution to 21,863 units of blood donated till date.

In a first-time initiative, HK also organised a Blood CBC (Complete Blood Count) Check-up Camp, which received an encouraging response. A total of 162 participants registered and completed their CBC tests free of charge, promoting preventive healthcare and well-being.

The event was attended by Sabyasachi Ray, Executive Director of Gem & Jewellery Export Promotion Council (GJEPC), along with representatives from the banking sector, members of the gems and jewellery industry, employees, and well-wishers, all coming together in the shared spirit of saving lives and supporting community welfare. Qualified medical professionals ensured proper screening and safe procedures throughout the day.

Addressing the gathering, founder Ghanshyambhai Dholakia shared that sustainability for the organisation goes beyond manufacturing and selling diamonds. He emphasised that alongside business growth, the company remains committed to sustainable practices aligned with broader Sustainable Development Goals, and continuously encourages employees and industry partners to actively participate in meaningful social initiatives such as blood donation drives.

As HK steps into another year, its focus remains clear — growth with responsibility, sustainability in action, and progress that benefits both business and society.

source :Hari Krishna Exports Pvt. Ltd

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