Kalyan Jewellers stock price jumps after Q3 update; strong festive, wedding demand boosts revenue by 39% YoY | Stock Market News
Source: Live Mint
Kalyan Jewellers share price jumped over 4% in early trade on Tuesday after the company reported its business updates for the third quarter of FY25. Kalyan Jewellers shares gained as much as 4.84% to ₹781.00 apiece on the BSE.
Kalyan Jewellers India said it recorded a consolidated revenue growth of approximately 39% in Q3FY25 as compared to the same period in the previous financial year.
The company’s India operations witnessed revenue growth of approximately 41% during the October-December quarter, year-on-year (YoY) led by very strong festive and wedding demand across both gold and studded categories. Same-store-sales-growth in Q3FY25 was 24%.
The company launched 24 Kalyan showrooms in India during the December 2024 quarter, with a strong pipeline of showrooms set to open over the course of the current quarter.
The company’s digital-first jewellery platform, Candere, recorded a revenue growth of approximately 89% YoY. It launched 23 Candere showrooms during Q3FY25.
During the current quarter, the company said it plans to launch 30 Kalyan showrooms and 15 Candere showrooms in India, ahead of its announced showroom roll-out plan of 80 Kalyan showrooms and 50 Candere showrooms in India for FY 2025.
International Business
In the Middle East, the company witnessed revenue growth of approximately 22% when compared to the same period in the previous financial year. The Middle East contributed ~11% to its consolidated revenue for the quarter.
Kalyan Jewellers launched its first showroom (Company Owned Company Operated) in the United States of America in Q3.
“For FY 2026, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India, 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India. We have already started signing LOIs for the Franchisee Owned Company Operated (FOCO) showrooms planned for the next financial year in India and international markets,” it said.
Kalyan Jewellers share price has rallied 52% in six months and has given multibagger returns of over 110% in one year.
At 9:30 AM, Kalyan Jewellers shares were trading higher at ₹apiece on the BSE.
