Kalyan Jewellers Registers Impressive 27% Revenue Surge in Q1 FY2024-25

Kalyan Jewellers reported a 27% year-on-year revenue increase in Q1 FY2024-25, driven by strong performance in India and the Middle East. The company saw significant growth from new showrooms and digital sales, and plans further expansions.

Kalyan Jewellers has achieved a remarkable 27% year-on-year increase in consolidated revenue for the first quarter of the financial year 2024-25, driven by robust performances in both the Indian and Middle Eastern markets.

During the first quarter of the 2023-24 fiscal year, the company reported a consolidated net revenue of ₹4,376 crores. The Indian operations saw a 29% revenue growth, alongside a 12% same-store-sales increase. The revenue from Middle East operations also rose by 16%, contributing 15% of the consolidated revenue.

The rapid expansion included the opening of 13 new FOCO showrooms and a 13% growth in digital platform Candere. The company plans to convert Candere into a wholly-owned subsidiary and aims to launch over 130 new showrooms in FY2025. The jeweller is optimistic about the upcoming festive and wedding season.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)