New Delhi: Jewellery major Kalyan Jewellers saw its consolidated revenue grow by about 34 per cent during Q4 FY2024 despite a sharp rise in gold prices during the second half of the quarter, the company said in a quarterly update on BSE. For the full year FY2024, the jewellery retailer saw its revenue grow by…
Representative image Mumbai: Gold prices will skyrocket further in June, when the US Fed brings about a rate cut, Gold Jewellery Council (GJC) has forecast. While the yellow metal reached an all-time high on Monday and fluctuated on Tuesday to close a few points lower, GJC, which opened its jewellery show on Tuesday, said customers…
Representative image Kolkata: Large jewellery chains such as Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, Joyalukkas and Senco Gold are staying away from lab-grown diamonds (LGDs) citing low demand and an aversion to mixing them with natural stones at counters. Nonetheless, the buzz over such stones – much cheaper than natural diamonds and indistinguishable from…
Representative Image Mumbai: Malabar Gold & Diamonds and four other jewellery firms along with fashion accessory maker Titan have joined the global rank of top-100 luxury brands. Malabar Gold led the domestic contingent, claiming 19th rank as the top Indian international jewellery brand, followed by Tata group entity Titan Company which secured the 24th position….
Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said. The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and…
New Delhi: Kalyan Jewellers on Friday said it will open its 250th showroom in Ayodhya, Uttar Pradesh, in the current quarter. In a regulatory filing, the Kerala-based jewellery firm said it plans to open additional 30 showrooms in the ongoing fourth quarter of 2023-24 fiscal in India and the Middle East. Of the 30 showrooms,…
Representative Image New Delhi: Kalyan Jewellers on Thursday said it has set up a subsidiary company in Oman to expand its business. The new subsidiary, Kalyan Jewellers Procurement SPC, was incorporated on December 28, 2023, a regulatory filing said. “The object of incorporation of this step down subsidiary is to expand jewellery business in Oman,”…
Representative image New Delhi: Jewellery retailers reported modest YoY growth in sales during Dhanteras, which is the most promising and in-demand period of the year. The slowdown comes due to inflation, fluctuating gold prices, and unseasonal rains on the day of Dhanteras. Pre-Dhanteras, jewellers shared a cautiously optimistic sentiment for the festive sales. Last year,…
BENGALURU – Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to 1.35 billion rupees ($16.23 million) from 1.06 billion rupees year ago for the three-months ended…
Kalyan Jewellers on Friday said it plans to open 33 new showrooms in India before Diwali. The company, in a regulatory filing, said it will unveil showrooms in Kalyan and Candere formats across the country. Kalyan Jewellers had launched 13 showrooms across non-south markets during July-September quarter of the current fiscal. In addition, the company…
