Business Update5 Jan 2024, 01:29 pm
Kalyan Jewellers Q3 Revenue Up 33% Plans to Add 30 Showrooms
AI Summary
Kalyan Jewellers has reported a strong Q3 with revenue up 33% YoY, driven by robust operating momentum in India and the Middle East. The company plans to add 30 new showrooms in the ongoing quarter, including 15 in India and 2 in the Middle East. The company's digital-first jewellery platform, Candere, recorded a revenue de-growth of 34% but is witnessing encouraging trends in its physical showrooms.,
Key Highlights
- Robust Q3 revenue growth of 33% YoY
- Plans to add 30 new showrooms in the ongoing quarter
- Encouraging trends in digital-first jewellery platform Candere's physical showrooms