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kalyan jewellers share price: Buy Kalyan Jewellers India, target price Rs 95: ICICI Securities

Kalyan Jewellers India Ltd Q4FY21 consolidated PAT at Rs 74 18 crore

Kalyan Jewellers India Ltd Q4FY21 consolidated PAT at Rs 74 18 crore
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Kalyan Jewellers India Ltd - Quarterly Update: Q4 FY 2021

Kalyan Jewellers India Ltd - Quarterly Update: Q4 FY 2021 Posted On: 2021-04-07 21:48:38 (Time Zone: Arizona, USA) In March 2021, Kalyan Jewellers successfully completed its initial public offering (IPO) and raised approximately Rs. 800 Crore (Rs. 8,000,000,000) of primary capital for the Company, representing a significant milestone in the evolution of its growth journey. The company witnessed a robust increase in consumer demand in Q4 FY 2021, resulting in a revenue growth of approximately 60% for our India operations, as compared to the same quarter in the prior year. Revenue growth for the first two months of the quarter (January & February) was approximately 35%, while growth in March was significantly higher, skewed by the loss of sales the company experienced in the base due to the COVID-19 pandemic s impact on our retail operations in March 2020. The vast majority of its growth in the recent quarter was same store sales driven, as only two stores were opened during

GST to be levied on underlying goods/services in gift vouchers: rules AAAR

GST to be levied on underlying goods/services in gift vouchers: rules AAAR Kalyan Jewellers India Ltd has approached the Appellate Authority for Advance Ruling (AAAR) against the ruling by the Tamil Nadu state Authority for Advance Ruling (AAR), which had said that GST at 12 per cent or 18 per cent would be levied depending on whether on such pre-paid instruments was paper based or magnetic strip based respectively. Goods and Services Tax (GST) Clearing the air over taxability of gift cards or vouchers, the Tamil Nadu bench of the AAAR has ruled that GST would be levied on the underlying goods/ services at the time of redemption such pre-paid instruments.

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