Business Update5 Jul 2024, 01:18 pm
Kalyan Jewellers India Ltd Reports 27% Consolidated Revenue Growth in Q1 FY2025
AI Summary
Kalyan Jewellers India Ltd has reported a robust operating performance in Q1 FY2025, with revenue growth of approximately 27%. The company witnessed a 29% increase in revenue for India operations and 16% growth in the Middle East. Thirteen new showrooms were launched in India, and the digital-first jewellery platform, Candere, recorded a 13% revenue growth. The company plans to launch over 180 new showrooms in India, Middle East, and the U.S. by Diwali.
Key Highlights
- Consolidated revenue growth of approximately 27% in Q1 FY2025
- Revenue growth of approximately 29% for India operations
- Revenue growth of approximately 16% in Middle East operations
- Thirteen new showrooms launched in India
- Candere recorded a revenue growth of approximately 13%