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.