National News
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
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.
National News
GJEPC Urges Nation to Take Blood Donation Pledge on Jeweller’s Day to Support Life-Saving Cause
National, 16 September 2025: The Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry.
This initiative reflects the industry’s deep commitment to social responsibility and the spirit of giving. By taking the pledge, participants commit to donating blood — a simple yet powerful act that can save countless lives and support India’s healthcare system, where blood shortages are an ongoing challenge.
Once the pledge is taken on 17th September, a nationwide blood donation drive will be organised across key hubs such as Mumbai, Surat, Jaipur, Kolkata, Chennai, Hyderabad, and more, in collaboration with leading hospitals and blood banks. Through this effort, GJEPC aims to mobilise thousands of donors from the trade and the public, making it one of the most impactful initiatives in the industry’s history.
Kirit Bhansali, Chairman, GJEPC, appealing to jewellers and karigars, said:
“17th September also marks the Vishwakarma Jayanti, and commemorates the 75th birthday of our Hon’ble Prime Minister, Shri Narendra Modi. On this significant day, I appeal to all the citizens and jewellery community across the country to come forward, take the pledge, and donate blood for this noble cause. Together, let us honour our tradition of craftsmanship with an act of compassion that has the power to save countless lives.”
To participate, individuals must first register by clicking on the pledge link. Once registered, they can formally take the pledge anytime between 7:00 AM on 17th September and 7:00 AM on 18th September 2025 by entering their mobile number on the same link. This ensures every participant’s commitment is recorded and counted towards the nationwide movement. Individuals can also register and take the pledge on 17th September on the same link.
The Council’s aim is to unite thousands of people from the trade and the public in this noble cause, creating one of the largest collective pledges and blood donation initiatives ever. This symbolic yet impactful action will strengthen the legacy of Jeweller’s Day as not only a celebration of artisanship but also of compassion and humanity.
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