Kalyan Jewellers, a leading jewellery brand, has released its investor update, reporting 39 per cent growth in consolidated revenue in the recently concluded quarter compared to the same period in the previous fiscal.
The company in its filings to the exchanges said that the India operations witnessed revenue growth of approximately 41 per cent during Q3 FY2025 compared to Q3 FY2024, led by a very strong festive and wedding demand across both gold and studded categories. The quarter recorded healthy same-store-sales-growth of approximately 24 per cent.
It launched 24 Kalyan showrooms in India during the recently concluded quarter, with a pipeline of showrooms set to open over the course of the current quarter.
In the Middle East, the company witnessed revenue growth of approximately 22 per cent compared to the same period in the previous financial year. Middle East contributed around 11 per cent to the consolidated revenue.
During the recently concluded quarter, the firm launched its first showroom (Company Owned Company Operated) in the US.
The digital-first jewellery platform, Candere, recorded a revenue growth of approximately 89 per cent and launched 23 Candere showrooms during Q3 FY 2025.
During the current quarter, there are plans to launch 30 Kalyan showrooms and 15 Candere showrooms in India keeping ahead the announced showroom roll-out plan of 80 Kalyan showrooms and 50 Candere showrooms in India for FY 2025.
For FY 2026, the company drawn up plans to launch 170 Kalyan and Candere format showrooms outside South India, 15 Kalyan showrooms across South Indian and international markets and 80 Candere showrooms in India.