National News
Kalyan Jewellers Targets 25%+ Revenue Growth with Aggressive Store Expansion
Kalyan Jewellers is projecting revenue growth of over 25% for the current financial year, driven by an ambitious expansion plan that will see the Indian gold and diamond retailer open 160 new stores, according to Executive Director Ramesh Kalyanaraman.
Despite record-high gold prices, demand remains strong in India—the world’s second-largest gold-buying market. While affluent buyers continue to invest in high-value ornaments, middle-class consumers are gravitating toward lower-carat and lightweight jewellery. Kalyanaraman noted that shoppers are increasingly favoring organized retail chains over independent jewellers, spending more on gifts and shopping more frequently.
“Kalyan’s strength today lies in our ability to grow nationwide,” Kalyanaraman said in an interview. “We see many untapped markets and believe revenue will easily grow beyond 25% this year.”
As of March-end, Kalyan operated 278 showrooms under its flagship brand and 73 under its more affordable “Candere” label. The new store openings planned for this fiscal year will be equally divided between both brands.
Kalyan’s rapid expansion strategy is aimed at narrowing the gap with Titan Company, its largest competitor, which had over 1,000 jewellery stores across India at the end of March—roughly half of them under the premium “Tanishq” brand. Kalyanaraman said the company hopes its “Kalyan” branded outlets will match the number of Tanishq stores within three years, though he acknowledged that the swift rollout may put pressure on profit margins.
In the fiscal year ending March 31, Kalyan Jewellers saw its revenue surge by over 33% to ₹250.5 billion ($2.9 billion), supported by strong same-store sales and the addition of 136 new locations. Titan, by comparison, reported a 21% revenue rise in its jewellery segment, totaling ₹465.7 billion.
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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