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April 9, 2025Kalyan Jewellers Q4 Update: India revenue up 39%, adds 25 new stores
Despite volatility in gold rates, Kerala-based jewellery maker Kalyan Jewellers has reported a 37 per cent spike in revenue in the March quarter (Q4 of FY25). The recently concluded quarter has been a very fulfilling one, recording consolidated revenue growth of approximately 37% when compared to the same period in the previous financial year, despite extreme volatility in the gold prices.
The company’s India operations witnessed revenue growth of approximately 39% during Q4 FY2025 as compared to Q4 FY2024, driven primarily by robust wedding demand. The quarter recorded healthy same-store-sales-growth of approximately 21%. It launched 25 Kalyan showrooms in India during the recently concluded quarter, and another 3 showrooms during the first week of April 2025.
In the Middle East, Kalyan Jewellers witnessed revenue growth of approximately 24% when compared to the same period in the previous financial year driven primarily by same-store-sales-growth. Middle East contributed approximately 12% to its consolidated revenue for the recently concluded quarter.
Its digital-first jewellery platform, Candere, recorded a revenue de-growth of approximately 22% during the recently concluded quarter as compared to the same period during the last year.
