Kalyan Jewellers on Wednesday reported a 3.3 percent decline in consolidated profit after tax (PAT) to Rs 130.3 crore for the September 2024 quarter.
The jewellery retailer had posted a net profit of Rs 134.8 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total revenue, however, increased 37.39 percent to Rs 6,065.5 crore during the second quarter against Rs 4,414.5 crore in the same period a year ago.
The company said there was a one-time loss of Rs 69 crore due to reduction in customs duty in India during the second quarter of FY25.
"We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
