Kalyan Jewellers Sees 39% YoY Revenue Growth In Q3

Highlighting that the recently concluded quarter has been ‘fulfiling one’, Kalyan Jewellers has recorded consolidated revenue growth of approximately 39 per cent in the third quarter of the current fiscal (Q3FY25) when compared to the same period in the previous financial year.

Sharing the quarterly update in an exchange filing, the company stated that its India operations witnessed revenue growth of approximately 41 per cent during Q3 FY2025 as compared to Q3 FY2024. The growth was attributed to ‘very strong’ festive and wedding demand across both gold and studded categories.

The company recorded same-store-sales growth (SSSG) of around 24 per cent in the quarter. During the quarter, the company added 24 Kalyan showrooms in the country and stated that it has a ‘strong pipeline’ of showrooms to be opened over the course of the current quarter.

“Our digital-first jewellery platform, Candere, recorded a revenue growth of approximately 89 per cent during the recently concluded quarter as compared to the same period during the last year. We launched 23 Candere showrooms during Q3 FY 2025,” as stated by the company.

Middle East contributed around 11 per cent to the company’s consolidated revenue for the recently concluded quarter. In the Middle East, it witnessed revenue growth of approximately 22 per cent when compared to the same period in the previous financial year.

In line with its showroom roll-out plan of 80 Kalyan showrooms and 50 Candere showrooms in India for FY 2025, the company aims to add 30 Kalyan showrooms and 15 Candere showrooms in the country during the current quarter.

For FY 2026, the company has drawn up plans to introduce 170 showrooms across Kalyan and Candere formats - 75 Kalyan showrooms (all FOCO) in non-south India, 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India.