Latest news with #RameshKalyanaraman
Fashion Value Chain
20-05-2025
- Entertainment
- Fashion Value Chain
Shah Rukh Khan Joins Candere as Brand Ambassador
Candere, the lifestyle jewellery arm of Kalyan Jewellers, has appointed Shah Rukh Khan as its brand ambassador, strengthening its positioning in India's fast-evolving lifestyle jewellery segment. The collaboration marks a key milestone in Candere's national growth strategy, focusing on personal expression, modern gifting, and daily wear elegance. Candere's collections are crafted for the expressive and style-conscious, especially those with a Gen Z mindset. With a robust omni-channel presence and over 75 stores, the brand balances affordability and elegance, with pieces starting at ₹10,000. Shah Rukh Khan will front campaigns across digital, TV, print, and in-store platforms. Ramesh Kalyanaraman, Director at Candere, stated that Khan's timeless appeal and emotional connect mirror Candere's core values of individuality and modernity. The brand has seen strong traction not only in women's jewellery but also in the expanding men's jewellery market. Shah Rukh Khan shared his enthusiasm about joining Candere, noting the brand's relevance in today's culture of meaningful gifting and identity-driven adornment. Candere continues to elevate jewellery from mere ornamentation to a statement of self.
Business Mayor
18-05-2025
- Business
- Business Mayor
India's Kalyan Jewellers bets store-opening spree will fuel revenue growth, top executive says
India's Kalyan Jewellers is targeting revenue growth of more than 25 per cent this financial year as the gold and diamond retailer quickens store openings amid a rising preference for lower-carat jewellery, its executive director said on Tuesday. Record high gold prices have not deterred the wealthy from investing in gold and buying ornaments in the second-largest gold buying country but the middle class is switching to lower-carat and lightweight jewellery. Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview. 'The advantage of Kalyan today is we can grow across the country … We have a lot of markets to go and explore,' he said, forecasting that revenue would 'easily' rise over 25 per cent for the fiscal year that started on April 1. The jeweller, which had 278 showrooms branded 'Kalyan' and 73 stores under the more affordable 'Candere' brand in India at March-end, plans to open shop at 160 new locations this fiscal year, with the additions split evenly between the two brands. Its bigger rival Titan had more than a thousand jewellery stores in India at March-end, with roughly half of those under its flagship 'Tanishq' brand. In three years, Kalyan Jewellers aims its 'Kalyan' branded stores to catch up with Titan's 'Tanishq' count, the executive director said, but flagged that the rapid expansion would squeeze the group's core earnings margin. Read More Welspun plans home run after going around the world For the year ending on March 31, Kalyan Jewellers reported a more than one-third rise in revenue to 250.5 billion rupees ($2.9 billion), helped by double-digit percentage same-store sales growth as it opened 136 stores in India. Titan's mainstay jewellery business saw a 21 per cent increase in total income to 465.7 billion rupees for the fiscal year.
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Business Standard
14-05-2025
- Business
- Business Standard
Kalyan Jewellers eyes revenue growth through store-opening spree: Executive
India's Kalyan Jewellers is targeting revenue growth of more than 25 per cent this financial year as the gold and diamond retailer quickens store openings amid a rising preference for lower-carat jewellery, its executive director said on Tuesday. Record high gold prices have not deterred the wealthy from investing in gold and buying ornaments in the second-largest gold buying country but the middle class is switching to lower-carat and lightweight jewellery. Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview. "The advantage of Kalyan today is we can grow across the country ... We have a lot of markets to go and explore," he said, forecasting that revenue would "easily" rise over 25 per cent for the fiscal year that started on April 1. The jeweller, which had 278 showrooms branded "Kalyan" and 73 stores under the more affordable "Candere" brand in India at March-end, plans to open shop at 160 new locations this fiscal year, with the additions split evenly between the two brands. Its bigger rival Titan had more than a thousand jewellery stores in India at March-end, with roughly half of those under its flagship "Tanishq" brand. In three years, Kalyan Jewellers aims its "Kalyan" branded stores to catch up with Titan's "Tanishq" count, the executive director said, but flagged that the rapid expansion would squeeze the group's core earnings margin. For the year ending on March 31, Kalyan Jewellers reported a more than one-third rise in revenue to Rs 25,050 crore ($2.9 billion), helped by double-digit percentage same-store sales growth as it opened 136 stores in India. Titan's mainstay jewellery business saw a 21 per cent increase in total income to Rs 46,570 crore for the fiscal year.
Reuters
14-05-2025
- Business
- Reuters
India's Kalyan Jewellers bets store-opening spree will fuel revenue growth, top executive says
May 14 (Reuters) - India's Kalyan Jewellers ( opens new tab is targeting revenue growth of more than 25% this financial year as the gold and diamond retailer quickens store openings amid a rising preference for lower-carat jewellery, its executive director said on Tuesday. Record high gold prices have not deterred the wealthy from investing in gold and buying ornaments in the second-largest gold buying country but the middle class is switching to lower-carat and lightweight jewellery. Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview. "The advantage of Kalyan today is we can grow across the country ... We have a lot of markets to go and explore," he said, forecasting that revenue would "easily" rise over 25% for the fiscal year that started on April 1. The jeweller, which had 278 showrooms branded "Kalyan" and 73 stores under the more affordable "Candere" brand in India at March-end, plans to open shop at 160 new locations this fiscal year, with the additions split evenly between the two brands. Its bigger rival Titan ( opens new tab had more than a thousand jewellery stores in India at March-end, with roughly half of those under its flagship "Tanishq" brand. In three years, Kalyan Jewellers aims its "Kalyan" branded stores to catch up with Titan's "Tanishq" count, the executive director said, but flagged that the rapid expansion would squeeze the group's core earnings margin. For the year ending on March 31, Kalyan Jewellers reported a more than one-third rise in revenue to 250.5 billion rupees ($2.9 billion), helped by double-digit percentage same-store sales growth as it opened 136 stores in India. Titan's mainstay jewellery business saw a 21% increase in total income to 465.7 billion rupees for the fiscal year. ($1 = 85.2875 Indian rupees)
Fashion Network
12-05-2025
- Business
- Fashion Network
Kalyan Jewellers Q4 net profit rises 36 percent to Rs 187 crore
Thrissur-based Kalyan Jewellers Ltd reported a 36 percent rise in net profit to Rs 187 crore ($22 million) for the fourth quarter ended March 31, as against Rs 137 crore in the year-ago quarter. The company's revenue for the quarter rose by 37 percent to Rs 6,182 crore, as against Rs 5350 crore in the corresponding quarter of the previous fiscal year. For the financial year 2025, Kalyan reported a consolidated revenue of Rs 25,045 crore while profit after tax stood at Rs 714 crore. Commenting on the results, Ramesh Kalyanaraman, executive director at Kalyan Jewellers in a statement said, 'We had an excellent start to the current financial year despite continuing volatility in gold prices carrying forward the momentum in business from the previous financial year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter.' Kalyan Jewellers ended the financial year with a total of 388 showrooms across India and the Middle East as of March 31, 2025.
