KOLKATA: Thrissur-based Kalyan Jewellers has clocked a consolidated profit after tax (PAT) of Rs 73.91 crore in the Q4 of FY21, which is a 54.1 per cent growth over the corresponding quarter of the previous fiscal. The jeweller has a presence in India and the Middle East.
The total revenue for the quarter was Rs 3056.6 crore as compared to the revenue of Rs 2140.7 crore for the same quarter in the previous year, a growth of 42.78 per cent. The consolidated PAT for H2 FY20-21 was recorded at Rs 206.7 crore, a 72.3 per cent growth over the same period last year.
The reasons for the revenue growth in the India operations were mainly because of the accelerated shift within the jewellery industry from unorganized to organized players and the resilient weddings and related demand. The revenue growth of the gold division was 69.6 per cent and that of the studded division was 36.6 per cent. The disproportionate increase in gold revenues led to an overall decline in the gross margins perce
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