Kalyan Jewellers shares rallied 4.8 per cent to their day’s high of Rs 781 on the BSE after the company announced earlier this morning that its India operations witnessed revenue growth of nearly 41 per cent YoY for the third quarter ended December 2024.
This growth is driven by robust festive and wedding demand across gold and studded categories.
Additionally, the company recorded healthy same-store sales growth of approximately 24 per cent in the quarter under discussion.
“We launched 24 Kalyan showrooms in India during the recently concluded quarter, with a strong pipeline of showrooms set to open for the current quarter,” the company said in a filing to the exchanges.
In the Middle East, Kalyan Jewellers saw a revenue growth of approximately 22 per cent compared to the same period in the previous financial year. The Middle East contributed 11 per cent to the company’s consolidated revenue for the recently concluded quarter.
Kalyan’s digital-first jewellery platform, Candere, recorded revenue growth of approximately 89 per cent YoY, and 23 new Candere showrooms were launched during Q3 FY 2025.
During the recently concluded quarter, Kalyan Jewellers launched its first showroom (company-owned, company-operated) in the United States of America.
“For FY 2026, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats—75 Kalyan showrooms (all FOCO) in non-South India, 15 Kalyan showrooms (all FOCO) across South India and international markets, and 80 Candere showrooms in India. We have already started signing LOIs for the Franchisee Owned Company Operated (FOCO) showrooms planned for the next financial year in India and international markets,” the company added.
During the current quarter, the company plans to launch 30 Kalyan showrooms and 15 Candere showrooms in India, keeping them ahead of their announced showroom roll-out plan of 80 Kalyan showrooms and 50 Candere showrooms in India for FY 2025.
The shares of Kalyan Jewellers closed 4.3 per cent lower at Rs 744.90 on the BSE on Monday.
