January 30, 2025 | Mumbai, India
Kalyan Jewellers India Limited (NSE: KALYANKJIL, BSE: 543278) has announced its unaudited financial results for the quarter ended December 31, 2024. The company reported robust revenue growth and profitability, signaling strong demand across its markets.
Standalone Financial Performance (₹ in Millions)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from operations | 63,925.41 | 52,267.85 | 45,116.78 | 1,630,678 | 1,190,691 | 1,578,256 |
| Total Income | 64,734.31 | 52,544.76 | 45,342.79 | 1,639,438 | 1,195,763 | 1,585,904 |
| Profit Before Tax (PBT) | 2,919.02 | 1,670.64 | 2,259.33 | 6,283.28 | 5,678.71 | 7,441.21 |
| Net Profit (PAT) | 2,179.62 | 1,202.56 | 1,682.88 | 5,033.12 | 4,227.23 | 5,540.58 |
| Earnings Per Share (EPS) ₹ | 2.11 | 1.17 | 1.63 | 4.88 | 4.10 | 5.38 |
- Revenue Growth: YoY growth of 41.7%, with revenue touching ₹63,925 million.
- Profitability: PAT at ₹2,179.62 million, a significant YoY jump.
- EPS Surge: Earnings per share improved to ₹2.11 from ₹1.63 YoY.
Consolidated Financial Performance (₹ in Millions)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from operations | 72,868.84 | 60,654.82 | 52,230.77 | 1,888,784 | 1,401,335 | 1,854,829 |
| Total Income | 73,181.96 | 60,914.76 | 52,432.08 | 1,896,730 | 1,405,826 | 1,862,199 |
| Profit Before Tax (PBT) | 2,935.59 | 1,779.46 | 2,385.52 | 7,089.96 | 6,051.57 | 7,888.25 |
| Net Profit (PAT) | 2,186.81 | 1,303.29 | 1,803.70 | 5,265.68 | 4,587.92 | 5,962.85 |
| Earnings Per Share (EPS) ₹ | 2.12 | 1.27 | 1.75 | 5.11 | 4.46 | 5.80 |
- Robust Consolidated Growth: YoY growth of 39.5%, with revenue touching ₹72,868.84 million.
- EPS Performance: Consolidated EPS at ₹2.12, showcasing stable returns.
Key Board Decisions & Appointments
Board Approvals:
- Re-appointment of Mr. Vinod Rai as Chairman & Non-Executive Independent Director for a second term (July 01, 2025 – June 30, 2028).
- Appointment of Mr. Anish Kumar Saraf as Additional Non-Executive Director (January 31, 2025 – January 30, 2028).
- Re-appointment of Mr. Anil S. Nair as Non-Executive Independent Director for five years (May 29, 2025 – May 28, 2030).
- Re-appointment of Mr. Salil Nair as Non-Executive Director for a five-year term (May 29, 2025 – May 28, 2030).
- Appointment of Mr. M.R. Thiagarajan as Secretarial Auditor for FY 2024-25.
- Approval for Postal Ballot to seek shareholder consent for appointments and re-appointments.
Strategic Updates
- Asset Sale: The company successfully sold two aircrafts, in line with its strategy to divest non-core assets.
- Subsidiary Expansion: Increased stake in Enovate Lifestyles Pvt. Ltd. from 85% to 100% for ₹420.88 million, reinforcing its commitment to the segment.
Management Commentary
T.S. Kalyanaraman, Managing Director, Kalyan Jewellers, stated:"We are pleased with our Q3 performance, reflecting strong festive season demand and operational efficiency. Our ongoing store expansions and digital strategies continue to strengthen our market position. We remain optimistic about our growth trajectory for FY25."
Outlook & Investor Sentiment
- Growth Prospects: The company is expanding domestic and international presence, leveraging both retail and digital channels.
- Strong Financials: Continued YoY growth in revenue and profitability positions Kalyan Jewellers for sustained investor confidence.
- Industry Trends: Gold and jewellery retail is expected to witness steady demand, driven by weddings, festivals, and rising disposable incomes.
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