Leading Gold Jewellery Retailer Reports 37 Per Cent Surge in Revenue

Company recorded a strong 37.4 per cent increase in consolidated revenue, reaching Rs 6,065.48 crore compared to Rs 4,414.53 crore in Q2FY24.

Kalyan Jewellers, one of India’s leading jewellery retailers, experienced a slight dip in net profit in the second quarter of FY25, reporting Rs 130.32 crore, down 3.4 per cent from Rs 134.87 crore in the same period last year.

Financial Performance

Kalyan Jewellers recorded a strong 37.4 per cent increase in consolidated revenue, reaching Rs 6,065.48 crore compared to Rs 4,414.53 crore in Q2FY24. The company’s EBITDA rose by 4.3 per cent to Rs 327.1 crore, up from Rs 313.6 crore in the previous year. However, the EBITDA margin contracted by 170 basis points, standing at 5.4 per cent versus 7.1 per cent last year. This margin decline reflects the impact of rising gold prices, which have pressured profitability despite robust revenue growth.

About the Company

Kalyan Jewellers is among India’s top five gold jewellery retailers, commanding an estimated 6 per cent of the organized jewellery market. It operates a broad network with 267 Kalyan showrooms across 23 Indian states and union territories, as well as 36 international showrooms in four Middle Eastern countries.

Stock Performance

Kalyan Jewellers’ stock has displayed significant growth, rising 88.8 per cent year-to-date. Over the past year, the share price has surged by 98.33 per cent, reflecting strong investor confidence. The stock reached a 52-week high of Rs 786.25 on September 23, 2024, while the 52-week low was Rs 304.10 on November 30, 2023, giving the company a current market capitalization of Rs 68,685.23 crore.

With a well-established domestic and international presence, Kalyan Jewellers remains a prominent player in India’s organized gold jewellery market, well-positioned to sustain its growth momentum.

Disclaimer: This article is for informational purposes only and not investment advice