Kalyan Jewellers India Ltd.
Q2FY23 Quarterly Result Announced for Kalyan Jewellers India Ltd.
Kalyan Jewellers announced Q2FY23 results:
- Q2FY23:
- The company recorded consolidated revenue of Rs 3,473 crore for Q2FY23 as against Rs 2,889 crore in the corresponding quarter of the previous year, a growth of 20%. EBITDA was recorded at Rs 266 crore, compared to Rs 228 crore in the same quarter of the previous year--a 17% growth.
- Consolidated PAT for the quarter was at Rs 106 crore as against a PAT of Rs 69 crore for the same period of the previous year--a growth of 54%.
- Riding on strong demand recovery, the standalone revenue of the company (India) for Q2FY23 was at Rs 2,841 crore, as against Rs 2,503 crore in Q2 of the previous year.
- Consolidated H1FY23:
- The consolidated revenue of the company for the first half (H1FY23) was Rs 6,806 crore, compared to the consolidated revenue of Rs 4,525 crore for the same period of the previous financial year--a 50% growth.
- The company recorded EBITDA of Rs 530 crore in the first half compared to Rs 297 crore in the same period of the past financial year--recording a growth of 79%. Consolidated PAT for H1FY23 was Rs 214 crore against a PAT of Rs 17 crore for H1FY22.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Ltd, said, “We are satisfied with the performance during the recently concluded quarter and are extremely excited with the way the current quarter has started despite last year’s high base. We have witnessed a revenue growth of approximately 25% for the festive period of 31 days approaching Diwali, when compared to the same period last year, and are looking forward to a strong end to the Quarter.”