Dailymirror.news,Mumbai,January 8th, 2025: The third quarter of FY2025 has been highly successful, with consolidated revenue achieving an impressive growth of 39% compared to the same quarter in the previous financial year. This growth was driven by robust performance across all key markets and formats.

Our India operations delivered a strong revenue growth of approximately 41% during Q3 FY2025, compared to the same period last year. This growth was fueled by high festive and wedding demand across both gold and studded jewellery categories. The quarter also saw a same-store sales growth (SSSG) of 24%, reflecting a solid performance from our existing showrooms.

We successfully opened 24 new Kalyan Jewellers showrooms in India during the quarter, with a strong pipeline of openings planned for the coming months.

Our Middle East business recorded a revenue growth of approximately 22% compared to Q3 FY2024. The region contributed about 11% to the total consolidated revenue for the quarter, demonstrating steady growth in international markets.

We took a significant step in our global expansion strategy by launching our first Company Owned Company Operated (COCO) showroom in the United States. This marks an important milestone in our international growth journey.

Our digital-first brand, Candere, experienced exceptional growth, with revenue increasing by approximately 89% compared to the same quarter last year. To further strengthen our presence in this segment, we opened 23 Candere showrooms during the quarter.

Looking ahead, our expansion plans remain on track. During the current quarter (Q4 FY2025), we aim to open 30 more Kalyan Jewellers showrooms and 15 additional Candere showrooms in India. This keeps us well ahead of our annual showroom roll-out target of 80 Kalyan showrooms and 50 Candere showrooms for FY2025.

For FY2026, we have an ambitious plan to launch 170 new showrooms across both Kalyan and Candere formats:

  • 75 Kalyan showrooms in non-south Indian regions (all FOCO – Franchisee Owned Company Operated)
  • 15 Kalyan showrooms in south India and international markets (all FOCO)
  • 80 Candere showrooms across India

We have already begun signing Letters of Intent (LOIs) for these FOCO showrooms, which will help drive growth in both domestic and international markets.

At the end of Q3 FY2025, our total showroom count stood at 349 showrooms across various regions:

  • Kalyan India – 253 showrooms
  • Kalyan Middle East – 36 showrooms
  • Kalyan USA – 1 showroom
  • Candere – 59 showrooms

With our continuous focus on expansion, innovation, and customer experience, we remain committed to enhancing our market presence and delivering value to our stakeholders across all geographies.