Latest news with #Candere
Mint
10-07-2025
- Business
- Mint
Kalyan Jewellers India declares board meeting date to declare Q1 results 2025. Details here
Shares of jewellery major Kalyan Jewellers are in focus after the company declared that its board will meet on August 7, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025 (Q1FY26). The announcement comes on the back of a strong operational update for the first quarter, with robust growth reported across India and international markets despite demand headwinds. In an exchange filing on July 10, Kalyan Jewellers India Ltd informed investors that its Board of Directors will meet on Thursday, August 7, 2025, to review and approve the standalone and consolidated financial results for Q1FY26. The filing, made in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also noted that other business matters may be considered at the meeting. In a preliminary update shared earlier, Kalyan Jewellers reported a 31 percent year-on-year growth in consolidated revenue for the June 2025 quarter. The company stated that despite challenges such as gold price volatility and global geopolitical tensions, the quarter had been 'very fulfilling.' Its India operations saw a revenue growth of 31 percent in Q1FY26 compared to the year-ago period, driven by robust demand during Akshaya Tritiya and the wedding season. The company also posted an 18 percent increase in same-store sales in India. Internationally, Kalyan Jewellers reported a 31 percent rise in revenue, with its Middle East business contributing a 26 percent growth, mainly fueled by same-store performance. International operations accounted for 15 percent of the company's total consolidated revenue for the quarter. The digital-first jewellery platform Candere also saw an impressive 67 percent year-on-year revenue growth during the quarter. The company opened 10 new Kalyan showrooms in India, one in the US, and eight new Candere showrooms during Q1FY26. With these additions, the total showroom count stood at 406 across India and the Middle East as of June 30, 2025. Looking ahead, Kalyan Jewellers has ambitious expansion plans. The company aims to launch 170 new showrooms during FY26—comprising 75 Kalyan showrooms in non-south India, 15 in south India and overseas markets, and 80 Candere showrooms across India. All Kalyan showrooms are planned under the FOCO (Franchisee Owned Company Operated) model, highlighting the company's capital-efficient expansion strategy. In Q4FY25, the company reported a 36.5 percent year-on-year increase in net profit to ₹ 187.6 crore. Revenue also grew 36.6 percent year-on-year to ₹ 6,181.5 crore. EBITDA rose 34.8 percent to ₹ 399 crore, although EBITDA margin fell slightly by 10 basis points to 6.5 percent. The strong March quarter performance set the tone for a robust beginning to FY26. Commenting on the quarter, Executive Director Ramesh Kalyanaraman said, 'We had an excellent start to the current financial year despite continuing volatility in gold prices. We witnessed robust growth during Akshaya Tritiya and continue to see encouraging consumer demand, especially for wedding jewellery.' The company has also proposed a final dividend of ₹ 1.50 per equity share for FY25, subject to shareholder approval at the upcoming Annual General Meeting. Kalyan Jewellers' stock has gained over 16 percent in the past year. In July 2025 so far, the stock is up around 5 percent, rebounding from a marginal 1 percent decline in June. It saw positive momentum earlier this year with gains of 8.5 percent in May, 10.5 percent in April, and 1 percent in March. However, it had declined 8 percent in February and suffered a steep fall of 34 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Fashion Value Chain
08-07-2025
- Business
- Fashion Value Chain
Kalyan Jewellers Posts 31% Revenue Growth in Q1 FY26
Kalyan Jewellers reported a robust 31% year-on-year consolidated revenue growth in Q1 FY26, despite demand slowdowns caused by gold price fluctuations and global tensions. The growth was largely fuelled by strong Akshaya Tritiya and wedding-season demand. In India, revenues rose by 31%, with same-store sales growth (SSSG) reaching 18%. International operations also grew by 31%, with the Middle East contributing 26% growth, driven largely by SSSG. Overall, global markets accounted for 15% of total consolidated revenue this quarter. The brand's digital-first jewellery platform, Candere, saw an exceptional 67% revenue increase, helped by a new brand campaign launched in May 2025, which drove showroom footfalls and digital traffic significantly higher. During the quarter, Kalyan expanded its footprint by launching 10 new showrooms in India, 1 in the US, and 8 Candere stores domestically. As of June 30, 2025, the company operates 406 showrooms globally (Kalyan India – 287, Middle East – 36, USA – 2, Candere – 81). Looking ahead, Kalyan is preparing for the festive and wedding season with fresh collections and marketing campaigns. The company's aggressive expansion plan for FY26 includes 170 new showrooms, covering both Kalyan and Candere formats—cementing its position as one of India's leading jewellery retailers. Final financials are subject to statutory review, with a comprehensive report expected post board approval.
Time of India
08-07-2025
- Business
- Time of India
Kalyan Jewellers shares slip nearly 4% after posting Q1 business update
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kalyan Jewellers India declined 3.6% to hit an intraday low of Rs 563.05 on the BSE on Tuesday after the company released its business update for the quarter ended June 30, 2025 (Q1FY26).Despite reporting a strong 31% year-on-year growth in consolidated revenue for the quarter, investor sentiment appeared cautious, leading to a decline in the price of the stock its Q1FY26 update, the company said consolidated revenue rose by approximately 31% compared to the same period last year, even as the quarter saw intermittent pauses in demand due to volatility in gold prices and geopolitical India operations also posted a 31% revenue growth over Q1FY25, driven by robust demand during Akshaya Tritiya and the wedding season. The company reported healthy same-store-sales growth of around 18% for the domestic operations mirrored the domestic performance with 31% revenue growth year-on-year. In the Middle East, revenue was up 26% during the quarter, largely backed by same-store-sales gains. International markets accounted for nearly 15% of the consolidated revenue for the digital-first jewellery brand Candere delivered a notable performance, with revenue increasing approximately 67% year-on-year. The company attributed this to its brand campaign launched in May 2025, which led to a boost in showroom footfalls, online traffic, and Q1FY26, the company added 19 new showrooms across formats—10 Kalyan showrooms in India, 1 in the US, and 8 Candere outlets in India. As of June 30, 2025, the company operated 406 showrooms, including 287 in India, 36 in the Middle East, 2 in the US, and 81 under the Candere ahead, Kalyan reiterated its plan to launch 170 new showrooms in FY26 across formats. This includes 75 Kalyan showrooms (including five flagship outlets) in non-south Indian regions, 15 in south India and international markets, and 80 Candere stores in India.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
08-07-2025
- Business
- Economic Times
Kalyan Jewellers shares slip nearly 4% after posting Q1 business update
Shares of Kalyan Jewellers India declined 3.6% to hit an intraday low of Rs 563.05 on the BSE on Tuesday after the company released its business update for the quarter ended June 30, 2025 (Q1FY26). ADVERTISEMENT Despite reporting a strong 31% year-on-year growth in consolidated revenue for the quarter, investor sentiment appeared cautious, leading to a decline in the price of the stock today. In its Q1FY26 update, the company said consolidated revenue rose by approximately 31% compared to the same period last year, even as the quarter saw intermittent pauses in demand due to volatility in gold prices and geopolitical developments. The India operations also posted a 31% revenue growth over Q1FY25, driven by robust demand during Akshaya Tritiya and the wedding season. The company reported healthy same-store-sales growth of around 18% for the domestic operations mirrored the domestic performance with 31% revenue growth year-on-year. In the Middle East, revenue was up 26% during the quarter, largely backed by same-store-sales gains. International markets accounted for nearly 15% of the consolidated revenue for the digital-first jewellery brand Candere delivered a notable performance, with revenue increasing approximately 67% year-on-year. The company attributed this to its brand campaign launched in May 2025, which led to a boost in showroom footfalls, online traffic, and conversions. ADVERTISEMENT Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch During Q1FY26, the company added 19 new showrooms across formats—10 Kalyan showrooms in India, 1 in the US, and 8 Candere outlets in India. As of June 30, 2025, the company operated 406 showrooms, including 287 in India, 36 in the Middle East, 2 in the US, and 81 under the Candere brand. ADVERTISEMENT Looking ahead, Kalyan reiterated its plan to launch 170 new showrooms in FY26 across formats. This includes 75 Kalyan showrooms (including five flagship outlets) in non-south Indian regions, 15 in south India and international markets, and 80 Candere stores in India. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
07-07-2025
- Business
- Time of India
Kalyan Jewellers reports 31pc revenue growth in Q1 FY26
Kalyan Jewellers on Monday reported a 31 per cent year-on-year increase in consolidated revenue for the first quarter of the fiscal 2025-26 , despite multiple pauses in demand, majorly due to volatility in gold prices and geopolitical tensions . The company had reported a consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of the 2024-25 fiscal. India operations saw 31 per cent revenue growth during Q1 of the fiscal 2025-26 compared to Q1 of the previous year, the company said in a regulatory filing. The revenue from global operations was up 31 per cent and contributed 15 per cent to the consolidated revenue in Q1. The revenue from Middle East operations was up 26 per cent driven predominantly by same-store-sales growth, while the digital platform Candere recorded 67 revenue growth during Q1 of FY26. During Q1, the company opened 10 Kalyan showrooms and eight Candere showrooms in India and one Kalyan showroom in the US. The company has drawn up plans to launch 170 new showrooms across Kalyan and Candere formats in India and abroad in the current fiscal. As of June 30, 2025, the company operated 406 showrooms across its brands.
