Kalyan Jewellers announced its results for the quarter ended December 2024, and stated that the company has logged a robust growth in its revenue and net profit. The company’s net profit reached ₹218.80 Crore, up by 21.20% y-o-y against ₹180.60 Crore in the previous corresponding quarter.
The company’s revenue also logged a sharp jump of 39.50% in its revenue at ₹7,286.80 Crore versus ₹5,223 Crore in Q3FY24.
However, despite excellent performance during the quarter, EBITDA margins declined to 6% in Q3FY25, against 7.1% in Q3FY24.
The company’s strong growth in Q3 was fueled by a 42% jump in standalone revenue from its Indian operations, standing at ₹6,393 Crore against ₹4,512 Crore in the previous corresponding quarter.
This increase was mostly due to Christmas and wedding season demand, notably for gold and studded jewellery. The company recorded a solid 24% gain in same-store sales (SSS).
The company’s Middle East operations also logged robust growth, with a 23% jump in revenue, reaching ₹840 Crore against ₹683 Crore in the previous corresponding quarter. However, it recorded marginal growth in its PAT (Profit After Tax) at ₹15 Crore in Q3FY25.
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