Kalyan Jewellers’ Q4 report indicates 97% surge in profits 

Consolidated revenue from the company’s operations also exhibited substantial growth, rising by 34% during the review quarter to reach Rs 4,534.93 crore, compared to Rs 3,381.80 crore in the same period last year

Mumbai: Kalyan Jewellers revealed a 97% surge in consolidated profit after tax (PAT) to Rs 137.49 crore for the March quarter. The jewellery retailer disclosed this significant growth from its PAT of Rs 69.79 crore in the corresponding period of the previous year, as per regulatory filings. 

Consolidated revenue from the company’s operations also exhibited substantial growth, rising by 34% during the review quarter to reach Rs 4,534.93 crore, compared to Rs 3,381.80 crore in the same period last year. 

In response to this performance, the company’s board of directors has proposed a final dividend of Rs 1.2 per equity share for the financial year ending March 31, 2024, pending shareholder approval. This recommendation translates to a payout exceeding Rs 120 crore, representing more than 20% of the net profit generated during FY24, as highlighted by the company. 

Commenting on the financial results, Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers India, expressed satisfaction, stating, “We completed an excellent financial year and have started the new year on a strong note despite continuing volatility in gold prices.” He further noted encouraging momentum in consumer demand, particularly for wedding purchases during the current quarter and the festival of Akshaya Tritiya. 

The positive financial reportage also had a tangible impact on the market, as shares of the company closed at Rs 410.85 on Friday, marking a 3.37% increase on the Bombay Stock Exchange (BSE). 

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