Kalyan Jewellers sees revenue increase by 39% in FY25 Q2

Fine jewellery brand Kalyan Jewellers reported a 39% year on year increase in revenue during the second quarter of the 2025 financial year. The growth was fuelled by strong footfall in stores and is expected to continue through the festive season.

“Our India operations witnessed revenue growth of approximately 39% during the second quarter of FY25, compared to the same period of FY24, led by robust operating momentum on the ground across all markets with healthy same store sales growth of approximately 23%,” announced Kalyan Jewellers in a regulatory filing on the Bombay Stock Exchange, the Press Trust of India reported.
 
Kalyan Jewellers saw its digital first jewellery platform Candere experience 30% revenue growth in the quarter just passed, ET Bureau reported. The business opened 12 new Candere stores during the second quarter of the financial year as it continues to expand the label.
 
As the festive season is in full swing, Kalyan Jewellers is taking advantage of the increased demand for fine jewellery with new launches. “The festive season has just started and we are gearing up with showroom launches, fresh collections, and campaigns,” wrote the business in its filing.
 
Before Diwali, Kalyan Jewellers plans to launch 25 branded showrooms in India. The business will also open 18 Candere stores in India as well as its first Candere store in the US.