The Company 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 was 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 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.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited 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.
The ongoing quarter has also started off well and we are looking forward to ending the financial year on a strong note.”
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
