Expressnews
Thrissur, 30 January 2025: Kalyan Jewellers India Limitedrecorded consolidated revenue of Rs 7287 crore in Q3 FY25as against Rs 5223 crore in the corresponding period of theprevious year, a growth of 40%. Consolidated PAT for Q3FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due toreduction in customs duty (announced during Union Budget in July 2024).
The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the correspondingperiod in the previous year. Adjusting for the customs dutyloss the PAT growth would be 54%.
Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, agrowth of over 23%. The Middle East operations recordedPAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. ThePBT grew by 23% over the corresponding quarter of theprevious year. However, the PAT growth for Q3FY25 wasimpacted due to the introduction of new corporate tax in the UAE.
The e-commerce division, Candere, recorded a revenue of Rs55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.
Mr Ramesh Kalyanaraman, Executive Director, KalyanJewellers India Limited said, “We are extremely excited withthe way the current year has progressed. The current quarterhas started off well despite the volatility in gold prices. We areupbeat 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.”
