Jewellery retailer Kalyan Jewellers on Tuesday reported a 27.33% on-year growth in consolidated profit after tax (PAT) during the quarter ended September 30, at ₹134.87 crore. The company’s PAT stood at ₹105.92 crore in the corresponding period of the previous financial year, the jewellery retailer said in a regulatory filing.
Revenue from operations of the company grew by 27.11% during the quarter under review at ₹4,414.53 crore, compared to ₹3,472.91 crore in the same period of the previous fiscal.
Total revenue from the company’s Middle East operations during the second quarter FY24 was at ₹629 crore, as against ₹601 crore in the same period of the previous financial year, a growth of 5%.
The Middle East operations recorded PAT of ₹12 crore for the quarter, compared to ₹14 crore for the corresponding period in the previous year, a dip of 14.28%.
The e-commerce division of the company, Candere, recorded a revenue of ₹31 crore in the second quarter of FY24, compared to ₹37 crore in the same period in FY23, a decline of 16.21%.
”It has been a fantastic year so far. Revenue growth for the first half of the current financial year was 29%. We are extremely excited with the way the festive quarter has progressed thus far despite a higher number of Shradh days and volatile gold prices.
”We have witnessed revenue growth of 35 % for the current quarter till 12th of November when compared to the same period during the prior year,” Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.
(Edited by : Anshul)
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