Kalyan Jewellers Reports 39% Revenue Growth in Q3 FY25

Kalyan Jewellers India Limited has reported consolidated revenue growth of approximately 39% in Q3 FY2025 compared to the same period last year. The company’s India operations led the surge with a 41% growth, bolstered by strong festive and wedding demand across gold and studded jewellery segments. Same-store sales grew 24%. 

Share Price Performance

Despite positive growth figures, Kalyan Jewellers’ share price made an intraday high of ₹781.15 on NSE but was trading down by 0.52% at 12:10 PM on January 7, 2025.

Rapid Expansion Across Markets

During the quarter, Kalyan Jewellers opened 24 new showrooms in India and 23 Candere showrooms, significantly strengthening its retail footprint. The company plans to launch 30 more Kalyan showrooms and 15 Candere outlets in the current quarter, keeping it ahead of its FY2025 target of 80 Kalyan and 50 Candere showrooms.

In addition, Kalyan Jewellers entered the United States market, opening its first Company Owned Company Operated (COCO) showroom.

Middle East and Digital Platform Performance

The Middle East operations posted 22% revenue growth, contributing approximately 11% to consolidated revenues. Meanwhile, Candere, the company’s digital-first jewellery platform, registered 89% revenue growth, reflecting the rising popularity of online jewellery shopping.

Ambitious Plans for FY2026

Looking ahead, Kalyan Jewellers aims to launch 170 showrooms across its Kalyan and Candere formats in FY2026. These include:

• 75 FOCO (Franchisee Owned Company Operated) Kalyan showrooms in non-south India.
• 15 Kalyan showrooms in south India and international markets.
• 80 Candere showrooms in India.

LOIs (Letters of Intent) have already been signed for FOCO showrooms in both domestic and international markets.

Store Count Update

As of December 31, 2024, Kalyan Jewellers operates 349 showrooms globally:

• 253 in India
• 36 in the Middle East
• 1 in the USA
• 59 Candere outlets

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