Kalyan Jewellers India Limited — Important, 07-01-2025: Updates

Kalyan Jewellers India Limited reported a robust consolidated revenue growth of approximately 39% for Q3 FY2025 compared to the same period last year. Revenue from India surged by about 41%, driven by strong festive and wedding demand, with same-store sales growth reaching around 24%. The company opened 24 new Kalyan showrooms in India during the quarter and plans to launch another 30 in the current quarter, maintaining its aggressive rollout strategy.

In the Middle East, revenue grew approximately 22%, contributing around 11% to consolidated revenue. Notably, Kalyan entered the U.S. market with the opening of its first showroom there. Additionally, its digital platform Candere experienced impressive growth, with revenue up roughly 89% and the addition of 23 new showrooms.

Looking ahead to FY2026, Kalyan aims to open 170 new showrooms across its Kalyan and Candere brands, including 75 in non-south India and 80 Candere locations in India, positioning the company for continued expansion and market dominance. Positive outlook ahead!