Kalyan Jewellers posts strong quarterly growth and announces major store expansion
Kalyan Jewellers reports a 31 % rise in revenue and a 64 % jump in net profit for the latest quarter. Same‑store sales in its India operations grow about 20 %, while non‑South markets expand 21 % in the period. The retailer also outlines an expansion plan that includes opening 84 new Kalyan stores, 50 Candere outlets and five Akshaya Thanga Maligai stores. The figures come from its quarterly results released on 13 Nov.
Key facts
- Revenue increase of 31 % translates to a significant uplift in sales volume.
- Net profit surge of 64 % reflects improved margins and cost control.
- Expansion plan adds 139 new retail locations across three brands.
- Growth in non‑South markets indicates broader geographic demand.
- Same‑store sales growth of about 20 % shows strong performance of existing outlets.
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Why it matters
The results signal robust demand for jewellery and a broadening retail footprint.
What changed
First published from The Economic Times