Q1-FY24 · Ramesh Kalyanaraman
The quarter was a fantastic quarter, and we witnessed continued robust momentum in footfalls across all our markets in India and Middle East over the last several quarters now.
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Kalyan Jewellers · tone and specificity signals across the available quarters.
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Q1-FY24 · Ramesh Kalyanaraman
We are extremely bullish on Q2 as well, because momentum is very strong and weekends are strong.
Q1-FY24 · Ramesh Kalyanaraman
We think that this demand is not going to go away. It's an Adhik Maas related, wedding demand revenue loss, which is not a loss, it is only a timing issue.
Q1-FY25 · Ramesh Kalyanaraman
The quarter was a fantastic one, and we recorded consolidated revenue growth of around 27%, and standalone India revenue grew by around 29%.
Q1-FY25 · Ramesh Kalyanaraman
If you ask me, I am still confident of margin expansion for the financial year.
Q1-FY25 · Ramesh Kalyanaraman
We are not promoting lab-grown diamonds because the price has not been stabilized. If the price crashes, customers will feel very offended.
Q1-FY26 · Ramesh Kalyanaraman
The pilot project that we ran, the ROCE for the capital that we allocated for the project was actually higher than the corporate ROCE as of now.
Q1-FY26 · Ramesh Kalyanaraman
We believe that it will be a 100% organized segment in the next five years.
Q1-FY26 · Ramesh Kalyanaraman
Candere should end PAT positive neutral by the end of the current financial year.
Q2-FY24 · Ramesh Kalyanaraman
We have witnessed approximately 35% growth in revenue for the current quarter till twelfth of November and compared to the same period during the prior year.
Q2-FY24 · Ramesh Kalyanaraman
For the next financial year, we have drawn up plans to launch around 80 Kalyan showrooms across India.
Q2-FY24 · Sanjay Raghuraman
We'd probably get between 25 basis to 50 basis, thereabout. Cash flows on the capital expenditure that we put out on the top, that are going to move from our balance sheet to the franchise balance sheet.
Q2-FY25 · Ramesh Kalyanaraman
It has been a fantastic year so far. Both the quarters have been excellent.
Q2-FY25 · Ramesh Kalyanaraman
We have witnessed SSG in excess of 20% for Diwali minus 30 days period when compared to the base year.
Q2-FY25 · Ramesh Kalyanaraman
We are trying to come with a solution wherein we are trying to bucket the low margin, mid margin, and high margin international markets so that we can scale up in these markets also in the next financial year.
Q2-FY26 · Ramesh Kalyanaraman
Same-store sales growth for the 30-day period ending Diwali was in excess of 30% on a like-for-like basis.
Q2-FY26 · Sanjay Raghuraman
If you look at the next financial year, we have the remaining INR 400 crore of debt to be reduced. Once that is done, we might go into increasing the pilot phase.
Q2-FY26 · Sanjay Raghuraman
The regional brand comes with a lesser margin. Stock turn will be high. ROC will be in the range of 16%-18% is what we target to achieve with the brand in the initial year.
Q3-FY24 · Ramesh Kalyanaraman
We still stand by what we have stated earlier, that the PBT growth would be higher than the revenue growth for the full year.
Q3-FY24 · Ramesh Kalyanaraman
The corporate guarantee that you are referring to is for this purpose only... it will be a neutral transaction.
Q3-FY24 · Sanjay Raghuraman
We are not doing anything new. We are just seeing what is already playing out in the market with other brands.
Q3-FY25 · Ramesh Kalyanaraman
It has been an excellent year so far, with consolidated revenue growth of approximately 35% and standalone revenue of approximately 37% for the first nine months of the financial year.
Q3-FY25 · Sanjay Raghuraman
We reported a consolidated revenue for the quarter of INR 7,287 crores, a 40% growth over the same period in the previous year.
Q3-FY25 · Ramesh Kalyanaraman
We have completed signing of LOIs for showrooms to be opened during the first half of FY 2026.
Q3-FY26 · Ramesh Kalyanaraman
We had an excellent all-round performance during the recently concluded quarter. Momentum on the ground remained robust for most part of the quarter, with the festive period growth meaningfully higher than the rest of the quarter.
Q3-FY26 · Ramesh Kalyanaraman
Candere recorded revenue growth of 117% for the nine months ended 31st December, and more importantly, Candere has turned PAT-positive during the recently concluded quarter, with revenue growth of 144%.
Q3-FY26 · Ramesh Kalyanaraman
Our job is to keep focused on execution and delivering numbers on the ground, and rest will not be our criteria to comment on.
Q4-FY24 · Ramesh Kalyanaraman
Q4 has been fantastic. We entered the financial year on an excellent note.
Q4-FY24 · Ramesh Kalyanaraman
We surely don't recommend to budget a double-digit SSSG. SSSG is 7%, 6% is the best way to budget for.
Q4-FY24 · Ramesh Kalyanaraman
PBT margins should see above 5%, maybe what, maybe give it a year more.
Q4-FY25 · Ramesh Kalyanaraman
Q4 has been fantastic. We ended the financial year on an excellent note. The consolidated revenue and PAT growth for the quarter has been approximately 36%.
Q4-FY25 · Ramesh Kalyanaraman
Studded conversion becomes easier when the gold price is very high. Very simple reason. Because customer comes with INR 1 lakh... they are able to buy only 10 g with the same budget.
Q4-FY25 · Ramesh Kalyanaraman
Our target for this financial year, debt reduction will be in the range of INR 300 crore-INR 400 crore.
Q4-FY26 · Romesh Kalyan Raman
Q4 has been fantastic. The pickup in momentum we witnessed during the third quarter continued during the last quarter and we ended up the financial year on an excellent note.
Q4-FY26 · Romesh Kalyan Raman
If you are trying to put a 3 to 5 year projection, I always recommend only putting a 10% SSG even though I don't have a reason for it.
Q4-FY26 · Romesh Kalyan Raman
We are focusing on a major franchisee expansion in the Middle East through Arab investors but nothing has materialized but it's going the right direction.