Kalyan Jewellers’ stock soared more than 4% in early trading on Tuesday after the company published business updates for the third quarter of FY25. Kalyan Jewellers shares rose 4.84% to ₹781.00 on the BSE.
Kalyan Jewellers India reported a consolidated revenue rise of nearly 39% in Q3FY25 when compared to the same time in the previous financial year.
The company’s India business saw a revenue increase of around 41% year on year (YoY) during the October-December quarter, driven by extremely high seasonal and wedding demand in both gold and studded categories. The same-store sales growth rate in Q3FY25 was 24%.
The firm opened 24 Kalyan showrooms in India during the December 2024 quarter, with a healthy pipeline of showrooms slated to open throughout the current quarter.
Candere, the company’s digital-first jewellery platform, saw revenue increase of almost 89% year on year. It opened 23 Candere showrooms in Q3FY25.
During the current quarter, the business announced plans to open 30 Kalyan showrooms and 15 Candere showrooms in India, ahead of its previously announced showroom roll-out strategy of 80 Kalyan showrooms and 50 Candere showrooms in FY 2025.
International Business
In the Middle East, the company’s sales increased by nearly 22% as compared to the same period in the previous fiscal year. The Middle East accounted for approximately 11% of the company’s total sales during the quarter.
Kalyan Jewellers opened its first showroom (Company Owned Company Operated) in the United States of America in Q3.
“For FY 2026, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India, 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India. We have already started signing LOIs for the Franchisee Owned Company Operated (FOCO) showrooms planned for the next financial year in India and international markets,” it said.
More About Kalyan Jewellers shares
Kalyan Jewellers’ share price has risen 52% in six months, with multi-bagger returns of more than 110% in a year.
“Kalyan Jewellers’ consistent growth, coupled with its strategic expansion, underscores its strong market position and ability to capitalize on rising consumer demand. The brand’s multi-channel approach and global aspirations are set to propel it to new heights in the coming years,” said Anshul Jain, Head of Research at Lakshmi Shree Investment and Securities.
Ruchit Jain, Vice President, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services Ltd., stated that Kalyan Jewellers shares have been consolidating since October, following a significant increase in the previous few months.
“Kalyan Jewellers stock has seen no major correction despite the broader weakness in the market. However, the stock is seeing selling pressure around ₹790 – 800 range. Once the stock breaks above the ₹800 level, we may see a resumption of the uptrend. The short-term trend remains sideways and the resistance level is seen at ₹800, while support for the stock is placed at ₹680 – 690 levels,” said Jain.
He predicts a favorable long-term trend for the stock, which might reach ₹950 if it breaks above resistance.
At 10:05 AM, Kalyan Jewellers shares were trading 0.91% lower on the BSE at ₹738.15 each.
