Kalyan Jewellers, a well-known jewellery brand, has reported a remarkable 39% growth in consolidated revenue in the third quarter of the fiscal year 2025 compared to the same period in the previous fiscal year. This growth can be attributed to a strong demand for jewellery, especially during festive and wedding seasons.
The company’s India operations saw a revenue growth of around 41% during the third quarter of FY2025, driven by robust demand in both gold and studded categories. The quarter also witnessed a healthy same-store-sales growth of approximately 24%. Kalyan Jewellers launched 24 showrooms in India during this quarter and has plans to open more showrooms in the coming months.
In the Middle East, the company experienced a revenue growth of approximately 22% compared to the same period last year. The Middle East market contributed about 11% to the company’s consolidated revenue. Additionally, Kalyan Jewellers launched its first showroom in the US during the quarter.
The company’s digital-first jewellery platform, Candere, also performed well with a revenue growth of approximately 89% in the third quarter of FY2025. Candere launched 23 showrooms during this period.
Looking ahead, Kalyan Jewellers plans to launch 30 Kalyan showrooms and 15 Candere showrooms in India in the current quarter. For FY 2026, the company has ambitious plans to launch 170 Kalyan and Candere format showrooms outside South India, 15 Kalyan showrooms in South India and international markets, and 80 Candere showrooms in India.
Overall, Kalyan Jewellers’ strong performance in the third quarter of FY2025 and its ambitious expansion plans for the future signal a promising outlook for the company in the jewellery market.
