Kalyan Jewellers India has recorded consolidated revenue growth of around 37% for the quarter ended September 30, 2024 (Q2FY25) when compared to the same period in the previous financial year. Its India operations witnessed revenue growth of around 39% during Q2FY25 as compared to Q2FY24, led by robust operating momentum on the ground across all markets with healthy same-store-sales-growth of around 23%. Custom duty reduction on gold imports, announced during the Union Budget, resulted in significantly higher levels of footfalls from the last week of July till the end of August mostly negating the impact of 14 days of Shradh (when sales are typically more muted) during the quarter and extreme volatility in gold prices. In comparison, only two days of Shradh were part of the second quarter in the base year.
The company has launched 15 Kalyan Franchisee-Owned-Company-Operated ‘FOCO’ showrooms in India during the recently concluded quarter, with a strong pipeline of showrooms set to open over the course of October in line with its previously communicated guidance.
In the Middle East, the company witnessed revenue growth of around 24% when compared to the same period in the previous financial year. During the recently concluded quarter, the company launched 26 net showrooms across Kalyan and Candere formats taking the total number of showrooms as on September 30, 2024 to 303 (Kalyan India - 231, Kalyan Middle East - 36, Candere - 36).
Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.
| Company Name | CMP |
|---|---|
| Titan Co | 3365.70 |
| Kalyan Jewell.India | 743.65 |
| Rajesh Exports | 231.00 |
| Senco Gold | 1121.70 |
| Thangamayil Jeweller | 2004.00 |
| View more.. | |
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