Kalyan Jewellers Opens 24 New Showrooms in Q1 FY2025

Kalyan Jewellers expands by opening 24 new showrooms in Q1 FY2025, advancing towards a total of 277 showrooms by June 2024 and launching plans for further international expansion.

by Damodharan N

Updated Jul 08, 2024

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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. 

Kalyan Jewellers Opens 24 New Showrooms in Q1 FY2025 -  FAQs

1. How did Kalyan Jewellers perform in Q1 FY2025?      

Kalyan Jewellers witnessed robust operating performance with a consolidated revenue growth of approximately 27%.

2. What was the revenue growth for Kalyan Jewellers' India operations in Q1 FY2025?  

Revenue for India operations grew by approximately 29% compared to Q1 FY2024.

3. What contributed to the growth in India operations?  

The growth was led by strong same-store-sales growth of approximately 12%.

4. How many new showrooms did Kalyan Jewellers open in India during Q1 FY2025?  

Kalyan Jewellers opened 13 new "FOCO" showrooms in India during the quarter.

5. What was the revenue growth rate in the Middle East for Kalyan Jewellers?  

Revenue in the Middle East grew by approximately 16% compared to the previous financial year.

6. What percentage of consolidated revenue did the Middle East contribute in Q1 FY2025?  

The Middle East contributed approximately 15% to Kalyan Jewellers' consolidated revenue.

7. How did Kalyan Jewellers' digital platform, Candere, perform in Q1 FY2025?  

Candere recorded a revenue growth of approximately 13% during the quarter.

8. What strategic move did Kalyan Jewellers make regarding Candere in Q1 FY2025?  

Kalyan Jewellers increased its stake in Candere and converted it into a wholly owned subsidiary.

9. What are Kalyan Jewellers' expansion plans for showrooms?  

They plan to open over 130 new showrooms in the current financial year, including 40 new Kalyan showrooms and 30 Candere showrooms.

10. What seasonal strategies is Kalyan Jewellers implementing?  

They are preparing for the upcoming festive and wedding season with fresh collections and promotional campaigns, starting with Onam.

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