Kalyan Jewellers Q3 results: Net profit up 21% at Rs 180 crore

Kalyan Jewellers reported their Q3FY24 results.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Kalyan Jewellers on January 31 reported a consolidated net profit of Rs 180.3 crore for the December quarter of FY24, a growth of 21 percent from the year-ago period.

Revenue came in at Rs 5,223 crore, up 34 percent from Rs 3,884 crore last year, the company said in a regulatory filing.

Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 369.7 crore growing by 13 percent. EBIDTA margin was at 7.1 percent from 8.4 percent in the year ago period.

In the third quarter of the fiscal year 2024, the total revenue generated from operations in the Middle East amounted to Rs 683 crore, reflecting a growth of more than 6 percent compared to the Rs 641 crore in the same quarter of the previous financial year.

The Middle East operations reported a Profit After Tax (PAT) of approximately Rs 14 crore for the quarter, contrasting with the PAT of Rs 17 crore in the corresponding period of the prior year.

As for Candere, the company achieved a revenue of around Rs 29 crore in Q3 FY24, in contrast to the Rs 44 crore recorded in Q3 FY23. However, it incurred a loss of Rs 1.6 crore in Q3 FY24, slightly lower than the loss of Rs 1.7 crore incurred in the same quarter of the previous fiscal year.

"Consolidated revenue growth for the first nine months of the current financial year is around 31 percent and revenue growth in India is ~36 percent driven by robust network expansion along with healthy same-store-sales-growth. The ongoing quarter has also started off well and we are looking forward to ending the financial year on a strong note.” said Ramesh Kalyanaraman, Executive Director.

On January 31, shares of Kalyan Jewellers  was trading at 1.51 percent lower at Rs 361.85 on NSE at 12:44 pm.