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Kalyan Jewellers India Ltd on Friday reported more than two-fold jump in consolidated net profit to Rs 409.50 crore in the fourth quarter of 2025-26 fiscal, citing higher income. The Kerala-based company had posted a net profit of Rs 187.6 crore in the year-ago period, according to a regulatory filing. Total income for the January-March quarter surged 66 per cent to Rs 10,321.1 crore from Rs 6,222.3 crore a year earlier. Expenses remained elevated at Rs 9,782.28 crore against Rs 5,971.75 crore in the corresponding period. For the full 2025-26 fiscal year, the company reported a net profit of Rs 1,350.39 crore, up by 89 per cent from Rs 714.17 crore in the previous year. Total income increased by 43 per cent to Rs 35,950.88 crore from Rs 25,189.66 crore in the previous fiscal. Kalyan Jewellers Executive Director Ramesh Kalyanaraman said, "We ended the previous financial year on a very strong note and have carried the momentum into the ongoing financial year." The company witnesse
Tata Group-backed jewellery brand CaratLane plans to open 40 stores in the coming financial year, 10 per cent of which will be company-owned, a senior executive said. "We have almost 50 stores right now, and we expect to add around 40 stores next year (2026-27); however, we won't be in a hurry to open them. In the first quarter, we will probably focus on exploring stores and in the second quarter, we will start the expansion for FY27. Around 10 per cent of these new stores will be owned by the company," CaratLane Managing Director Saumen Bhaumik told PTI. About 13 per cent of the current 50 operational stores are company-owned, he added. He said this expansion will be more in the north, east and the south, while in the west the openings will be fewer. "I think in north, east, and south, we will continue to expand. In the west, we will be opening fewer stores as we have already opened a decent number in that region. Right now, I want to make sure that every store in the western regi
India's gems and jewellery exports grew 3.86 per cent year-on-year to USD 2,680.79 million (Rs 24,340.05 crore) in February, following the industry's diversification into other markets, according to the Gem and Jewellery Export Promotion Council (GJEPC). The overall exports stood at USD 2,581.08 million (Rs 22,460.13 crore) during the corresponding month of 2025, GJEPC data showed. From April 2025 to February 2026, total gems and jewellery exports were almost flat at USD 25,933.72 million (Rs 2,28,230.06 crores) compared to USD 25,915.81 million (Rs 2,18,737.62 crores) in the year-ago period. "The past year has been challenging for the global gem and jewellery industry, shaped by evolving US tariff policies, geopolitical uncertainties, and changing consumer preferences across key markets. Despite these headwinds, the Indian gem and jewellery sector has demonstrated remarkable resilience," GJEPC Chairman Kirit Bhansali said. Exporters have actively diversified their export markets,