Kalyan Jewellers stock rose by over 4% on Tuesday, reaching ₹781 per share on the Bombay Stock Exchange (BSE). This increase happened after the company shared strong results for the third quarter of FY25. Here’s a simple breakdown of what’s driving the growth and what’s planned next.
Strong Performance in Q3
Kalyan Jewellers’ revenue grew by 39% in Q3 FY25 compared to the same period last year. In India, revenue was up by 41%, thanks to high demand during the festive and wedding seasons. Sales from existing stores grew by 24%, showing strong performance in current locations.
The company also opened 24 new Kalyan showrooms and 23 Candere outlets in India during the quarter. More openings are planned, with 30 new Kalyan showrooms and 15 Candere outlets expected in the coming months.
Success of Candere
Candere, Kalyan’s online jewellery platform, saw its revenue grow by 89% compared to last year. Candere also opened 23 new showrooms in Q3 and plans to launch 80 outlets by the end of FY25. This growth shows how important both online and offline sales are becoming for Kalyan.
International Growth
Kalyan’s international business is also doing well. Revenue in the Middle East grew by 22% compared to last year and made up 11% of the company’s total revenue. Kalyan also opened its first store in the United States, showing its plans to expand into new markets.
Big Plans for the Future
Looking ahead, Kalyan plans to open 170 new showrooms in FY26. This includes 75 new stores in non-southern India, 15 in southern India and international markets, and 80 new Candere outlets in India. The company is already preparing for these openings.
What It Means for Investors
The strong results and expansion plans have made investors optimistic, as shown by the recent rise in the company’s stock. If you’re interested in investing or learning more, you can explore opportunities through platforms like Angel One.
Conclusion
Kalyan Jewellers is growing fast, thanks to strong sales in India, international expansion, and a focus on online and physical stores. The rise in its stock price shows that people are confident in its future. With big plans ahead, Kalyan Jewellers is a company to keep an eye on.
Kalyan Jewelers Stock