Kalyan Jewellers Q4FY25: Reports 37% revenue growth despite gold price volatility

As of March 31, 2025, Kalyan Jewellers operated 388 showrooms across India, the Middle East, and the USA. 
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PRABHU M

Kalyan Jewellers India Limited announced a robust 37 per cent consolidated revenue growth for the fourth quarter ended March 31, 2025, compared to the same period last year, despite facing extreme volatility in gold prices. The company revealed these figures in its quarterly update released today.

The shares of Kalyan Jewellers India Limited were trading at ₹472.05 down by ₹15.10 or 3.10 per cent on the NSE today at 11.55 am.

The jewellery retailer’s India operations led the growth with approximately 39 per cent revenue increase during Q4 FY2025, driven primarily by strong wedding demand. Same-store sales in India grew by approximately 21 per cent during the quarter.

In the Middle East, Kalyan Jewellers experienced revenue growth of approximately 24 per cent year-over-year, contributing about 12 per cent to the company’s consolidated quarterly revenue. However, its digital-first jewellery platform, Candere, recorded a revenue decline of approximately 22 per cent during the same period.

The company expanded its physical presence significantly in Q4, launching 25 new Kalyan showrooms in India during the quarter and an additional 3 showrooms in early April 2025. It also opened 14 Candere showrooms during Q4.

Looking ahead, Kalyan Jewellers has outlined ambitious expansion plans for FY2026, targeting 170 new showrooms across its Kalyan and Candere formats. This includes 90 Kalyan showrooms under the Franchisee Owned Company Operated model and 80 Candere showrooms in India.

As of March 31, 2025, Kalyan Jewellers operated 388 showrooms across India, the Middle East, and the USA.

Published on April 7, 2025