Kalyan Jewellers Q3 net profit rises 21 percent to Rs 219 crore

Kalyan Jewellers Ltd reported a 21 percent increase in net profit at Rs 219 crore ($25.3 million) in the December quarter of the current financial year, as against Rs 181 crore in the year ago quarter.

The company’s revenue for the quarter rose by 40 percent to Rs 7,287 crore, as against Rs 5,223 crore in the corresponding quarter of the previous fiscal year.

Candere, the e-commerce division of Kalyan recorded a revenue of Rs 55 crore in Q3 FY25, as against Rs 29 crore in Q3 FY24.

Commenting on the results, Ramesh Kalyanaraman, executive director of Kalyan Jewellers in a statement said, “We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note.”

“We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter,” he added.

During the quarter, Kalyan Jewellers added 24 new showrooms across India taking its total number showrooms at the end of the December to 253.