The company's revenue from operations rose 45.7% YoY to Rs 10,588.9 crore from Rs 7,268.5 crore, according to the unaudited financial results approved by the board on August 4.
Operating performance remained healthy, with EBITDA (earnings before interest, taxes, depreciation and amortisation) increasing 24.5% to Rs 632.5 crore from Rs 508 crore in the year-ago quarter.
Gross margins were impacted by a higher share of exchanged gold, promotional offers under the exchange campaign, and a one-off gain from platinum and silver sales in the base quarter. The company also recorded a one-off gain of around Rs 41 crore during the quarter due to the import duty hike.
During the quarter, Kalyan Jewellers added 12 new showrooms in India, compared with 10 additions in the corresponding period last year. India revenue grew 38% year-on-year, largely driven by same-store sales growth of 28%, while B2C revenue increased by around 34%.
Kalyan Jewellers FY27 outlook
Looking ahead, the company said it is targeting mid- to high-single-digit same-store sales growth. It also expects its capital-efficient, franchise-led expansion strategy to further improve its return on capital employed (ROCE) from the current level of around 30.3%, based on the last 12 months' performance.It also plans to accelerate the rollout of Candere showrooms, which focus on lightweight lifestyle jewellery, and launch new regional jewellery brands offering localised designs, with the first such brand expected to debut in FY27.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price