New Delhi: Kalyan Jewellers India Ltd has announced its results for the third quarter of the current financial year. The company said that it has registered a growth of 39 percent in consolidation revenue in the reported quarter, while operations have jumped 41 percent year-on-year. Apart from this, the company said that same-store sales grew 24 percent in the December 2024 quarter.
The company released Q3 results
In addition, the company informed through an exchange filing that 24 Kalyan showrooms were launched across India during the recently concluded quarter, while a strong pipeline of showroom openings is ready for the current quarter. In the Middle East, Kalyan Jewellers witnessed revenue growth of around 22% as compared to the same period of the previous financial year.
Kalyan Jewellers reported that the Middle East contributed 11% to the company’s consolidated revenue for the December quarter. Let us tell you that during the third quarter of FY 25, Kalyan Jewelers launched its first showroom in the US. At the same time, the company’s digital-first jewelery platform Candere has registered a revenue growth of about 89% during the third quarter of the current financial year as compared to the same period last year. The company launched 23 Candere showrooms during the third quarter of FY 2025. With this, the company is preparing to launch 30 Kalyan showrooms and 15 Candere showrooms in the last quarter of FY 2025.
The company said this in the exchange filing
Kalyan Jewelers said in the exchange filing, “We have started signing LOIs for Franchise Owned Company Operated (FOCO) showrooms planned for the next financial year in India and international markets.” During the third quarter of FY 2025, Kalyan Jewelers launched 46 showrooms in Kalyan and Candere formats.
95 percent return in one year
Let us tell you that on Tuesday, the shares of Kalyan Jewelers were trading at the level of Rs 722.85, down by about 3 percent in today’s last trading session. This stock has registered a rise of more than 6 percent during the last month, while investors have got a return of more than 45 percent in 6 months. On the other hand, if we talk about one year, it has given a profit of 95 percent.
