Kalyan Jewellers wrapped up the fourth quarter of FY2024-25 on a high note, reporting a sharp 37% jump in consolidated revenue compared to the same period last year—even as gold prices swung wildly throughout the quarter.
The jewellery major pulled in Rs 4,563.72 crore in consolidated net revenue between January and March 2025, according to its latest filing with the stock exchanges.
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Its India business was the key growth driver, clocking a 39% rise in revenue for the quarter, with a notable 21% growth in same-store sales—a strong indicator of organic demand. Meanwhile, revenue from the Middle East business also showed a healthy uptick of 24%, now contributing 12% to the overall revenue mix.
Kalyan didn’t slow down on expansion either. In the three months alone, the company added 25 new Kalyan stores and 14 Candere outlets across India. The Candere vertical, focused on digitally native and design-centric jewellery, posted a 22% increase in revenue during the same period.
Looking ahead, the brand is going all in on growth: it plans to roll out 170 new stores across both Kalyan and Candere formats. The company said it has already locked in Letters of Intent for all the planned Franchisee Owned Company Operated (FOCO) stores for the year in India
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With Akshaya Tritiya around the corner—a key gold-buying festival—and the wedding season picking up steam, Kalyan is optimistic. Early signs point to solid advance bookings and healthy consumer sentiment.
As of March 31, 2025, Kalyan Jewellers had 388 showrooms under its belt across its various brands, signaling its aggressive push to dominate both traditional and digital jewellery retail in the months ahead.
