Kalyan Jewellers to launch it's 250th showroom in Ayodhya

The ongoing quarter should witness the launch of Kalyan Jeweller’s 250th showroom in Ayodhya, a milestone in our journey, the company said.

Source: PTI

Shares of Kalyan Jewellers India Ltd will be in focus on Friday. The jewellery maker said it saw a continued robust in both footfalls and revenue across its markets in India and the Middle East in Q3.

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Kalyan Jewellers said it achieved positive operating performance despite multiple headwinds during the quarter, such as extreme volatility in gold prices, a higher number of 'Shradh' days in 2023.

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Kalyan Jewellers shares are up 144 per cent the last six months. The multibagger stock is up 194 per cent in the last one year.

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The recently concluded quarter recorded consolidated revenue growth of over 33 per cent when compared to the same period in the previous financial year.

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Kalyan Jewellers saw revenue growth of 40 per cent for India operations during Q3 FY2024 as compared to Q3 FY2023

Source: Unsplash

Middle East contributed 13 per cent to Kalyan Jewellers' consolidated revenue for the December quarter.

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The jeweller added a net of 22 new ‘Kalyan’ showrooms in India during the recently concluded quarter.

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"Our digital-first jewellery platform, Candere, recorded a revenue de-growth of 34% during the recently concluded quarter as compared to the same period during the last year," the jeweller stated.

Source: Facebook Photo

As of December 31, 2023, Kalyan's total number of showrooms across India and the Middle East stood at 235.

Source: PTI