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Kalyan Jewellers India Limited has registered a 40 per cent growth in its consolidated revenue for Q3 FY25 at ₹7287 crore as against ₹5223 crore in the corresponding period of the previous year. Consolidated PAT for Q3 FY25 was ₹219 crore as against ₹180 crore for the corresponding period in the previous year.
Consolidated PAT growth would be 44 per cent adjusting for the loss due to reduction in customs duty announced during Union Budget in July 2024, the company said in a press release.
The standalone revenue for the company in India in Q3 FY25 was ₹6393 crore, against ₹4512 crore in Q3 of the previous financial year. The India operations recorded PAT of ₹218 crore for the quarter compared to a PAT of ₹168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54 per cent.
Total revenue from the Middle East operations during Q3 FY25 was ₹840 crore against ₹683 crore in Q3 FY24, a growth of over 23 per cent. The Middle East operations recorded PAT of ₹15 crore for the quarter compared to a PAT of ₹14 crore for the corresponding period in the previous year.
However, the PAT growth for Q3FY25 was impacted due to the introduction of new corporate tax in the UAE.
The e-commerce division, Candere recorded revenue of ₹55 crore in Q3 FY25 compared to ₹29 crore in Q3 FY24. The company recorded a loss of ₹6.9 crore in Q3 FY25 against a loss of ₹1.6 crore during Q3 FY24.
Ramesh Kalyanaraman, Executive Director said “the current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”
(Source: PTI)
