Representative image Jewellery retailer Kalyan Jewellers on Monday said its revenue from India operations witnessed an on-year growth of around 39 per cent during the second quarter of 2024-25, led by robust footfalls across markets with a healthy same-store-sales-growth. “Our India operations witnessed revenue growth of approximately 39 per cent during the second quarter of…
Hallmarked gold coins and bars of 22K and 24K are getting a boost from India’s thriving ecommerce industry, with sales surging 35-80% in the last financial year. To be sure, the sales spurt across online marketplaces such as Amazon, Flipkart, Ajio and Tata Cliq is on a low base, but it marks a shift in…
New Delhi: Private equity major Warburg Pincus on Thursday sold a 6.45 per cent stake in jewellery retailer Kalyan Jewellers for Rs 3,584 crore via open market transactions. Meanwhile, the Singapore government, Fidelity, Nomura, HSBC Mutual Fund (MF) and Citigroup Global Markets acquired stakes in the company. US-based Warburg Pincus through its affiliate Highdell Investment…
Representative Image Shares of Kalyan Jewellers jumped 7.5% to a day’s high of Rs 589.90 on the BSE on Thursday, following news that the company’s promoter, Trikkur Sitarama Iyer Kalyanaraman, likely purchased a Rs 1,300 crore stake from Highdell Investment via a block deal in the pre-market window. The company informed the exchanges on Wednesday…
Kalyan Jewellers recently reported a 23.6 per cent YoY rise in its net profit at Rs 177.8 crore for Q1FY25. At the operating level, EBITDA of the company increased 16.5 per cent to Rs 376.1 crore in the first quarter of this fiscal over Rs 322.8 crore in the year-ago period. The EBITDA margin stood…
Retail jewellery major Kalyan Jewellers has decided to make its foray into the US market and has drawn up a plan to launch its first showroom in the country by Diwali. The jeweller also has plans to launch another 40 Kalyan showrooms in India and 30 Candere showrooms. Candere is a wholly-owned subsidiary of Kalyan…
New Delhi: Kalyan Jewellers India has signed a definitive agreement with Rupesh Jain, the founder of Candere to acquire his remaining 15 per cent stake in Candere valued at Rs 42 crore making it a subsidiary of Kalyan Jewellers, a wholly owned entity. The jewellery retailer initially acquired a majority stake in Candere in 2017…
Mumbai: Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer’s PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the company grew 34 per…
The surge in gold prices over the last six weeks has pushed up the price of diamond- jewellery in India and crimped its demand. To bring down the rates and get customers back to buying, several jewellers have started using lower cartage yellow metal in their pieces. In place of 18-carat gold, stores are now…
The glittering storefronts of jewellery shops are fast becoming a prominent feature in shopping malls in India underscoring a shift in consumer preference towards established retailers. Each mall currently has about 8-10 jewellery stores, up from just one or two in 2021. These stores now occupy nearly 5% of total mall space, up from just…
