Kalyan Jewellers posts 34.09% increase in Q4 FY24 revenue over Q4 FY23

TFW Bureau
TFW Bureau May 13, 2024 - 1 min read
Kalyan Jewellers posts 34.09% increase in Q4 FY24 revenue over Q4 FY23 image
As per reports, Kalyan Jewellers’ consolidated net profit jumped 96.3% to Rs 137.59 crore on 34.09% increase in revenue from operations to Rs 4,534.93 crore in Q4 FY24 over Q4 FY23.

Profit before tax for the quarter stood at Rs 183.67 crore, enabling the retailer to register a growth of 93.97% from Rs 94.69 crore posted in Q4 FY23.

EBITDA stood at Rs 306.2 crore in fourth quarter of FY24, registering a growth of 19% as compared with Rs 256.7 crore in Q4 FY23. EBITDA margin contracted to 6.8% in Q4 FY24 as against 7.6% in Q4 FY23.

Reports further state that on standalone basis, revenue of the company (India business) in Q4 FY24 was at Rs 3,875.6 crore, registering a growth of 38.14% as against Rs 2,805.4 crore in Q4 FY23. The India operations recorded PAT of Rs 131.3 crore for the quarter, up 98.63% from Rs 66.1 crore for the corresponding period in the previous year.

During the current quarter, the company has already launched 10 Kalyan showrooms and 7 Candere showrooms in India. This takes the total number of showrooms across India and Middle East to 270 as on 10 May 2024.

Kalyan Jewellers is one the largest jewellery retailers in India with a growing presence in the Middle East.

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