Kalyan Jewellers just wrapped up a sparkling March quarter, proving once again that Indians don’t flinch when it comes to gold, even when prices do.
In a quarter marked by wild swings in gold prices, Kalyan delivered a 36.6% jump in revenue to ₹6,181 crore and a 36.5% rise in profit to ₹187.6 crore.
Gold saw sharp ups and downs this year, but Kalyan says it didn’t scare off buyers, especially not the ones shopping for weddings or during Akshaya Tritiya, one of the most auspicious days for buying gold in India.
The company’s strong start to FY25 shows that the emotional pull of gold, especially tied to tradition and life events, often beats price anxiety.
