Kalyan Jewellers India on Thursday reported a 54.02 per cent progress in consolidated revenue after tax (PAT) at Rs 105.92 crore in the course of the quarter ended September 30.
The jewelry retailer’s PAT stood at Rs 68.77 crore in the course of the corresponding interval of the earlier monetary yr, Kalyan Jewellers India mentioned in a regulatory submitting.
Income from operations of the corporate grew by 20.22 per cent in the course of the quarter below overview to Rs 3,472.91 crore, in comparison with Rs 2,888.69 crore in the identical interval a year-ago.
In the meantime, within the Center East, complete income from operations of the corporate in the course of the second quarter of FY23 was at Rs 601 crore, as in opposition to Rs 360 crore in the identical interval final yr.
Retail enlargement of the model continued within the July-September quarter, with the launch of 5 new showrooms all within the non-South markets within the nation.
This consists of the launch of the primary bodily expertise middle of its e-commerce platform — Candere, the corporate mentioned.
As of September 30, 2022, Kalyan Jewellers’ retailer community throughout India and the Center East stood at 163, it added.
“We’re glad with the efficiency in the course of the just lately concluded quarter and are extraordinarily excited with the best way the present quarter has began regardless of final yr’s excessive base.
“We now have witnessed a income progress of roughly 25 per cent for the festive interval of 31 days approaching Diwali, when in comparison with the identical interval final yr and are trying ahead to a powerful finish to the quarter,” Kalyan Jewellers India Government Director Ramesh Kalyanaraman said.
Shares of the corporate on Thursday have been buying and selling at Rs 103.35, down 3.64 per cent on BSE.
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)
