Kalyan Jewellers Q4 Update: Revenue growth of over 30% with strong same store sales

Kalyan Jewellers Ltd. shares declined over 4% after the company reported its fourth quarter business update on Monday, April 7.

The company said its India operations witnessed revenue growth of around 39% in the March quarter compared to the previous year, driven primarily by a robust wedding demand. It said the quarter also witnessed a "healthy same-store-sales-growth (SSSG) of approximately 21%."

The company launched 25 showrooms in India in the fourth quarter and another three showrooms in the first week of April 2025.

In the Middle East, the company said it witnessed a revenue growth of around 24% compared to the previous fiscal. It was primarily driven by SSSG. The Middle East business contributed around 12% to the company's consolidated revenue.

However, the company's digital-first jewellery platform Candere witnessed a revenue decline of around 22% from last year. Kalyan added that it launched 14 Candere showrooms in the quarter under review.

For the financial year 2026, the company reiterated its plans to launch 170 showrooms across Kalyan and Candere format, including 75 franchise-owned company-operated (FOCO) Kalyan showrooms in non-south India, 15 Kalyan showrooms (FOCO) in south India and international markets and 80 Candere showrooms in India. It has signed the letters of intent for the FOCO showrooms.

The company said it is upbeat for the ongoing first quarter and is witnessing encouraging trends in the advance collections for both, Akshaya Tritiya and for wedding purchases for the festive/wedding season.

"As of March 31, 2025, our total number of showrooms across India and the Middle East stood at 388," the company said. These include 270 Kalyan India showrooms, 36 Kalyan Middle East showrooms, 1 Kalya US showroom and 73 Candere showrooms.

Shares of Kalyan Jewellers were down 4.37% at ₹465.85 apiece. The stock has declined nearly 40% this year, so far.

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