Kalyan Jewellers’ shares jumped 4% following the announcement of stellar Q3 FY2025 results, showcasing a 39% year-on-year consolidated revenue growth.
As of 9:14 AM, Kalyan Jewellers shares were trading 3.46%higher at Rs 770.00
Driven by robust demand during the festive and wedding season, the company’s India operations led the charge with a 41% revenue increase and impressive same-store sales growth of 24%.
Expanding aggressively, Kalyan added 24 new showrooms across India during the quarter and aims to open 30 more in Q4 FY2025. The Middle East market contributed 11% to total revenue with a strong 22% growth.
Marking a milestone, the company launched its first COCO showroom in the United States, further enhancing its global footprint. Additionally, Candere, Kalyan’s digital-first jewellery brand, achieved an 89% revenue growth, complemented by 23 new showroom launches and plans for 15 more this quarter.
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