Kalyan Jewellers India Limited — Updates, 30-01-2025: Press Release

Kalyan Jewellers India Limited has reported consolidated revenue of Rs 7287 crore for Q3 FY25, marking a robust 40% increase from Rs 5223 crore in the same quarter last year. Consolidated profit after tax (PAT) also rose to Rs 219 crore, a 22% increase compared to Rs 180 crore in Q3 FY24, with an adjusted growth of 44% when accounting for customs duty impacts. Standalone revenue in India grew by 42% to Rs 6393 crore, with PAT reaching Rs 218 crore, up from Rs 168 crore, reflecting a 54% growth on an adjusted basis.

The Middle East operations contributed Rs 840 crore, growing over 23%, while their PAT stood at Rs 15 crore, slightly higher than the previous year. The e-commerce unit, Candere, saw revenue rise to Rs 55 crore, although it incurred a loss of Rs 6.9 crore, wider than the previous year’s loss of Rs 1.6 crore. The company remains optimistic, driven by the ongoing wedding season and plans to launch 30 Kalyan and 15 Candere showrooms in India this quarter, indicating a positive outlook for future growth.