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.

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%.

Our job is to keep focused on execution and delivering numbers on the ground, and rest will not be our criteria to comment on.

Same-store sales growth for the 30-day period ending Diwali was in excess of 30% on a like-for-like basis.

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.

We believe that it will be a 100% organized segment in the next five years.

Candere should end PAT positive neutral by the end of the current financial year.

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%.

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.

Our target for this financial year, debt reduction will be in the range of INR 300 crore-INR 400 crore.

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.

We have completed signing of LOIs for showrooms to be opened during the first half of FY 2026.