Kalyan Jewellers Opens 24 New Showrooms in Q1 FY2025

Kalyan Jewellers has embarked on an ambitious expansion drive, bolstering its presence with the opening of 24 new showrooms across its Kalyan and Candere formats during the first quarter of fiscal year 2025.

This strategic move brings the total number of Kalyan Jewellers' showrooms to 277 as of June 30, 2024, reinforcing its stature as a leading jewellery retailer in India and the Middle East.

The company's latest expansion efforts align closely with its broader plan to launch over 130 new showrooms within the current financial year. This initiative includes the addition of approximately 40 new Kalyan showrooms and 30 Candere showrooms across India.

Moreover, Kalyan Jewellers is set to make its debut in the U.S. market with the opening of its first showroom by Diwali, marking a significant milestone in its international expansion strategy.

Anticipating heightened consumer demand during the upcoming festive and wedding season, starting with Onam, Kalyan Jewellers is gearing up with fresh collections and promotional campaigns. This proactive approach aims to capitalize on the festive fervor and enhance customer engagement across various markets.

Kalyan Jewellers also has reported strong operational performance in the first quarter of fiscal year 2025, marked by significant expansion in its retail footprint. The company witnessed robust revenue growth of approximately 27% year-over-year, driven by flourishing markets in both India and the Middle East, despite challenges posed by fluctuating gold prices.

In India, specifically, Kalyan Jewellers saw a notable 29% increase in revenue compared to the same period last year, supported by a healthy 12% growth in same-store sales. The Middle East operations contributed approximately 15% to the company's consolidated revenue, with a commendable 16% growth in revenue year-on-year.

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Kalyan Jewellers India Limited

Established with a rich heritage dating back to 1908, Kalyan Jewellers India Limited is deeply rooted in ethical business practices aimed at nation-building. With over a century of experience, the company has earned trust across India and the GCC region through fair and transparent dealings.

Led by a vision of creating a better India, the company emphasizes customer-centricity, offering a wide range of jewellery crafted by skilled artisans. Kalyan Jewellers operates 150 retail stores across India and the Middle East, strategically catering to diverse tastes and preferences with a commitment to quality, innovation, and customer service excellence.