Brands
Kalyan Jewellers sparkles with 82pc profit surge despite labour code hit
KERALA: Kalyan Jewellers India has delivered a dazzling performance for the quarter ending 31st December 2025, with consolidated profit after tax soaring 82 per cent to Rs 4.16bn from Rs 2.19bn a year earlier. Revenue climbed 42 per cent to Rs 103.43bn, propelled by robust festive season demand across its domestic and Middle Eastern markets.
The Thrissur-based jewellery chain’s standalone profit jumped 87 per cent to Rs 4.01bn on revenue of Rs 90.42bn, up 42 per cent year-on-year. For the nine months ending December, consolidated profit reached Rs 9.41bn on revenue of Rs 254.68bn, marking growth of 79 per cent and 35 per cent respectively.
The stellar numbers came despite a Rs 415m exceptional charge triggered by India’s new consolidated labour codes, which came into force on 21st November 2025. The legislation, which consolidates multiple existing labour laws into a unified framework, required the company to immediately recognise increased employee benefit provisions as past service cost under accounting standards.
Earnings per share for the quarter stood at Rs 4.03 on a consolidated basis and Rs 3.88 standalone, nearly doubling from Rs 2.12 and Rs 2.13 respectively in the same period last year. The company’s board, which met on 6th February 2026, also approved a postal ballot to appoint CR Rajagopal and Radhika Ramani as non-executive independent directors, alongside plans to incorporate a wholly owned subsidiary.
Advertisement spending surged to Rs 1.48bn for the quarter, up from Rs 1.11bn a year earlier, as the jeweller sought to capitalise on wedding season demand. The company’s international footprint spans the UAE, Oman, Kuwait, Qatar, the United States and the United Kingdom through subsidiaries and step-down entities.
Finance costs jumped 64 per cent to Rs 1.04bn on a consolidated basis, reflecting the company’s expansion drive. Inventory changes showed a sharp swing, with finished goods and work-in-progress declining Rs 4.45bn during the quarter compared with an increase of Rs 180m in the previous year’s corresponding period.
Walker Chandiok & Co, the statutory auditors, issued an unqualified review report on both standalone and consolidated results. The firm noted that ten subsidiaries’ results, representing Rs 12.1bn in quarterly revenue, were reviewed by other auditors.
With gold prices remaining elevated and wedding season demand holding firm, Kalyan Jewellers has proven that even regulatory headwinds cannot tarnish a well-polished growth story. The company’s shares trade on both the BSE and NSE under the symbols KALYANKJIL and scrip code 543278.
Brands
Mana Projects names Ranbir Kapoor brand ambassador amid rebranding
Bengaluru developer unveils new identity focused on design and nature.
MUMBAI: When real estate meets reel star power, the foundation for a new brand story is often laid brick by brick. Mana Projects, the Bengaluru based real estate developer, has appointed actor Ranbir Kapoor as its brand ambassador while unveiling a refreshed brand identity aimed at aligning the company with the evolving expectations of modern urban homebuyers.
The announcement marks a new phase for the developer, which has spent over two decades building residential communities in Bengaluru, particularly along emerging growth corridors such as Sarjapur Road.
The updated brand identity reflects the company’s emphasis on design led living and environmentally conscious development. According to the developer, the new positioning focuses on creating residential spaces where architecture, nature, engineering and lifestyle planning work together to shape meaningful living experiences.
Mana Projects chairman and managing director D. Kishore Reddy said the rebranding represents a natural progression as the company adapts to the expectations of a new generation of homeowners.
“This rebranding represents the natural evolution of Mana Projects as we align ourselves with the aspirations of a new generation of homeowners, particularly millennials who form the backbone of Bengaluru’s dynamic homebuyer community,” Reddy said.
He added that today’s buyers increasingly look beyond basic housing to spaces that combine design, sustainability and a strong sense of community.
“At Mana, our philosophy centres on creating homes where space is purposeful, design is intelligent, nature is respected and engineering ensures long term sustainability. Our association with Ranbir Kapoor reflects this new chapter as we continue to build communities that enable people to truly live brilliantly,” he said.
Kapoor, who has been associated with several lifestyle and consumer brands, said the partnership resonated with his own understanding of what makes a home meaningful.
“A home is one of the most meaningful investments people make in their lives, and it should reflect comfort, warmth and a sense of belonging,” Kapoor said.
“What impressed me about Mana Projects is the brilliance of their thought, the way design, nature and functionality come together to enhance everyday living. I’m delighted to be associated with Mana Projects as they continue to create homes that inspire modern urban families to truly live brilliantly.”
The collaboration will be introduced through a large scale integrated campaign spanning digital platforms, outdoor media and experiential activations, making it one of the developer’s most prominent branding initiatives in recent years.
Founded in Bengaluru, Mana Projects has built a portfolio of residential developments that emphasise thoughtful architecture, amenity rich neighbourhoods and environmentally sensitive planning. The company’s projects often integrate open spaces, green landscapes and energy efficient engineering to support sustainable urban living.
With Bengaluru continuing to attract young professionals and technology workers, the developer believes the city’s housing market is increasingly being shaped by buyers seeking well planned communities that balance functionality with quality of life.
Looking ahead, Mana Projects plans to expand its presence across the city by developing future ready residential projects designed to accommodate emerging lifestyle trends such as hybrid work culture, community driven living and multigenerational households.
By combining a refreshed brand identity with a high profile ambassador, the company hopes to strengthen its position in Bengaluru’s competitive real estate market while appealing to a new generation of homeowners seeking homes that blend design, nature and modern living.
