Kalyan Jewellers Q3 net profit rises 21 percent to Rs 181 crore

Kalyan Jewellers reported a 21 percent rise in consolidated net profit at Rs 181 crore ($22.5 million) for the December quarter, as against Rs 149 crore reported in the year-ago period.

The company’s revenue for the quarter increased by 34 percent to Rs 5,223 crore, as against Rs 3,884 crore posted in the corresponding quarter of the previous fiscal year.

Commenting on the Q3 results, Ramesh Kalyanaraman, executive director at Kalyan Jewellers in a statement 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 percent and revenue growth in India is 36 percent 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,” he added.

During the quarter, the company added 22 new ‘Kalyan’ showrooms in India and completed signing letter of intent for the 80 showrooms planned for financial year 2025.