Kalyan Jewellers Q2 net profit declines 3 percent to Rs 130 crore

Jewellery retailer Kalyan Jewellers Ltd reported a 3 percent decline in net profit to Rs 130 crore ($15.4 million) for the second quarter of the financial year 2025, as against Rs 135 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 37 percent to Rs 6,065 crore, as against Rs 4,415 crore in the corresponding quarter of the previous fiscal year.

For H1 FY25, Kalyan Jewellers reported a revenue of Rs 11,601 crore with a net profit of Rs 308 crore.

The company’s e-commerce division, Candere recorded a revenue of Rs 80 crore in H1 FY25 as compared to Rs 66 crore in H1 FY24.

Commenting on the results, Ramesh Kalyanaraman, executive director of Kalyan Jewellers Ltd in a statement said, “We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We recorded SSSG in excess of 20% for the Diwali minus 30 days period when compared to the base year.”

“We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note,” he added.

During the quarter, the company added 15 new showrooms in India to end the quarter with a store count of 303.