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Kalyan Jewellers India reports 27% consolidated revenue growth in Q1FY25

05 Jul 2024 Evaluate

Kalyan Jewellers India has witnessed robust operating performance across all its markets in India and the Middle East despite extreme volatility in gold prices and a strong base quarter. Q1FY25 recorded consolidated revenue growth of around 27% when compared to the same period in the previous financial year.

The company has witnessed revenue growth of approximately 29% for its India operations during Q1FY25 as compared to Q1FY24, led by robust operating momentum on the ground with healthy same-store-sales-growth of approximately 12%.

The company has launched 13 Kalyan Franchisee-Owned-Company-Operated ‘FOCO’ showrooms in India during Q1FY25, with a strong pipeline of showrooms set to open in the coming quarters in line with its previously communicated guidance. 

In the Middle East, the company witnessed revenue growth of approximately 16% when compared to the same period in the previous financial year, driven largely by same-store-sales growth. Middle East contributed around 15% to its consolidated revenue for the recently concluded quarter.

Its digital-first jewellery platform, Candere, recorded a revenue growth of approximately 13% during Q1FY25 as compared to the same period during the last year. During the recently concluded quarter (Q1FY25), the company launched 24 showrooms across Kalyan and Candere formats taking the total number of showrooms as on June 30, 2024 to 277 (Kalyan India -- 217, Kalyan Middle East -- 36, Candere -- 24).

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.

Kalyan Jewell.India Share Price

426.90 -13.25 (-3.01%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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