Kalyan Jewellers India Ltd Reports 34% Consolidated Revenue Growth in Q4 FY2024, Added 10 New Showrooms

In its Q4 report, Kalyan Jewellers India Ltd announced a revenue growth of approximately 34% on a consolidated basis compared to the same period in the previous financial year. The Indian operations saw a revenue growth of approximately 38%, led by healthy sales and same-store-sales-growth. The Middle East business reported a revenue growth of around 14%. Ten new showrooms were added in India and two in the Middle East. The digital-first jewellery platform, Candere, recorded a revenue growth of approximately 12% in the quarter. However, for the full year FY2024, Candere reported a revenue de-growth of approximately 17%.