Kochi, NFAPost: Kalyan Jewellers, one of the major gold retailers in the country has recorded consolidated revenue of Rs 5,223 crore in Q3 FY24 as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34%. Consolidated PAT for Q3 FY24 stood at Rs 180 crore as against a PAT of Rs 148 crore for the corresponding period in the previous year, a growth of 22%.
The standalone revenue for the company (India) in Q3 FY24, was at Rs 4,512 crore, as against Rs 3,219 crore in Q3 of the previous financial year, a growth of over 40%. The India operations recorded PAT of Rs 168 crore for the quarter compared to a PAT of Rs 133 crore for the corresponding period in the previous year, a growth of 26%.
Total revenue from the Middle East operations during Q3 FY24 was Rs 683 crore as against Rs 641 crore in Q3 of the previous financial year, a growth of over 6%. The Middle East operations recorded PAT of Rs 14 crore for the quarter compared to a PAT of Rs 17 crore for the corresponding period in the previous year.
Candere , recorded a revenue of Rs 29 crore in Q3 FY24 versus Rs 44 crore in Q3 FY23. The company recorded a loss of Rs 1.6 crore in Q3 FY24 as against a loss of Rs 1.7 crore in Q3 FY23.
Kalyan Jewellers India Limited Executive Director Ramesh Kalyanaraman said it has been a fantastic financial year so far.
“Performance across all quarters has been excellent. Consolidated revenue growth for the first nine months of the current financial year is around 31% and revenue growth in India is 36% driven by robust network expansion along with healthy same-store-sales-growth,” said Kalyan Jewellers India Limited Executive Director Ramesh Kalyanaraman.
Kalyan Jewellers India Limited Executive Director Ramesh Kalyanaraman said the ongoing quarter has also started off well and Kalyan is looking forward to ending the financial year on a strong note.
Headquartered in Thrissur in the state of Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company has enjoyed a longstanding presence in the Indian market for over three decades and has set industry benchmarks in quality, transparency, pricing and innovation.
Kalyan offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of customers. Kalyan Jewellers has 235 showrooms across India and the Middle East, with a retail area exceeding 7,30,000 sq. ft.
