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Kalyan Jewellers India Ltd. has announced an impressive 37% revenue growth in Q2 FY2025, fueled by recent customs duty cuts on gold imports. With significant gains in both domestic and international markets, the company saw a 39% increase in Indian operations and a notable 24% growth in the Middle East. As Kalyan prepares for an ambitious expansion with new showroom openings and a focus on its digital platform, Candere, the festive season promises to be a pivotal period for the jeweller. Explore the details of this remarkable quarter and what it means for Kalyan Jewellers moving forward.
Kalyan Jewellers' Q1 FY25 results reveal a remarkable 24% rise in net profit, driven by robust revenue growth and effective market expansion. With a significant increase in both domestic and international sales, the company's performance reflects strategic growth and operational efficiency. Dive into the details of their financial metrics, regional success, and future outlook in our latest blog post.
Kalyan Jewellers has taken a significant step in expanding its e-commerce and omni-channel presence by acquiring a 15% stake in Candere for Rs 42 crore, positioning itself for substantial growth in the jewellery market. In a strategic move, Kalyan Jewellers has acquired a 15% stake in Candere, further solidifying its presence in the jewellery industry with plans to enhance both its online and offline retail channels. With an investment of Rs 42 crore, Kalyan Jewellers is set to fully own Candere by acquiring an additional 15% stake, marking a major milestone in its expansion strategy within the jewellery sector. Kalyan Jewellers' acquisition of a 15% stake in Candere for Rs 42 crore underscores its commitment to growing its omni-channel retail strategy and reaching a wider customer base in the jewellery market. Kalyan Jewellers is poised for significant growth as it acquires a 15% stake in Candere, an e-commerce jewellery brand, with plans to quadruple its offline presence and boost its market reach. The acquisition of a 15% stake in Candere for Rs 42 crore by Kalyan Jewellers highlights the company's strategic focus on expanding its e-commerce footprint and enhancing its physical retail presence. Kalyan Jewellers' recent acquisition of a 15% stake in Candere reflects its strategic intent to strengthen its position in the jewellery industry, combining online innovation with offline expansion. With a Rs 42 crore investment, Kalyan Jewellers' acquisition of an additional 15% stake in Candere marks a pivotal moment in its growth strategy, aimed at boosting both e-commerce and offline retail channels