The shares of Kalyan Jewellers India Limited were trading at ₹684.10 down by ₹38.85 or 5.37 per cent on the NSE today at 11.35 am.
For Kalyan Jewellers, Mottilal Oswal Research Team noted, “Strong double-digit SSSG”.
Kalyan Jewellers India Limited announced a 39 per cent year-over-year consolidated revenue growth for the third quarter ended December 31, 2024. The jewelry retailer’s Indian operations saw a 41 per cent revenue increase, driven by strong festive and wedding season demand across gold and studded categories, with same-store sales growing by approximately 24 per cent.
The company expanded its presence significantly during Q3, opening 24 new Kalyan showrooms in India and its first company-owned store in the United States. Its Middle East operations grew by 22 per cent, contributing about 11 per cent to consolidated revenue. The company’s digital platform, Candere, recorded an 89 per cent revenue growth and launched 23 new showrooms.
Kalyan Jewellers plans to open 30 more Kalyan showrooms and 15 Candere showrooms in the current quarter, exceeding its FY2025 target of 80 Kalyan and 50 Candere showrooms in India. Looking ahead to FY2026, the company has announced plans to launch 170 showrooms across formats, including 90 Kalyan showrooms and 80 Candere showrooms.
As of December 31, 2024, Kalyan Jewellers operates 349 showrooms globally, including 253 in India, 36 in the Middle East, one in the USA, and 59 Candere outlets. The company has already begun signing Letters of Intent for its Franchisee Owned Company Operated (FOCO) showrooms planned for the next fiscal year.