Bengaluru, 31 January 2024: The company recorded consolidated revenue of Rs 5,223 crore in Q3 FY24 as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34%. Consolidated PAT for Q3 FY24 was Rs 180 crore as against a PAT of Rs 148 crore for the corresponding period in the previous year, a growth of ~22%.
The standalone revenue for the company (India) in Q3 FY24, was Rs 4,512 crore, as against Rs 3,219 crore in Q3 of the previous financial year, a growth of over 40%. The India operations recorded PAT of Rs 168 crore for the quarter compared to a PAT of Rs 133 crore for the corresponding period in the previous year, a growth of ~26%.
Total revenue from the Middle East operations during Q3 FY24 was Rs 683 crore as against Rs 641 crore in Q3 of the previous financial year, a growth of over 6%. The Middle East operations recorded PAT of Rs ~14 crore for the quarter compared to a PAT of Rs ~17 crore for the corresponding period in the previous year.
Candere , recorded a revenue of Rs ~29 crore in Q3 FY24 versus Rs ~44 crore in Q3 FY23. The company recorded a loss of Rs 1.6 crore in Q3 FY24 as against a loss of Rs 1.7 crore in Q3 FY23.
Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “It has been a fantastic financial year so far. Performance across all quarters has been excellent. Consolidated revenue growth for the first nine months of the current financial year is around 31% and revenue growth in India is ~36% driven by robust network expansion along with healthy same-store-sales-growth. The ongoing quarter has also started off well and we are looking forward to ending the financial year on a strong note.”
