Kalyan Jewellers reported its third quarter earnings earlier this month.
Its revenue increased 42.1% to ₹10,343.4 crore from ₹7,278 crore in the previous year. Its profit after tax surged 90.4% to ₹416.2 crore from 218.6 crore in the third quarter of the previous fiscal.
The company’s EBITDA increased 74.6% to ₹750.4 crore from ₹429.9 crore last year and its EBITDA margins expanded to 7.3% from 5.9% in the year-ago period.Its same store sales growth stood at 27% while the share of studded jewellery improved to 31.2% from 29.5% in the previous year.
The non-south markets continued to drive growth, contributing 58.5% of the total revenue in the third quarter.
The jewellery firm said margin expansion was supported by a favourable mix, operating leverage and gains in categroies such as silver and platinum.
Shares of Kalyan Jewellers India were trading 0.9% lower at ₹423.4 apiece around 2.10 pm on Tuesday. The stock has declined 19% in the past six months.
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