Kalyan Jewellers Sees Sparkling Profit Growth Amidst Volatile Gold Prices

Kalyan Jewellers reported a remarkable 36.44% growth in consolidated net profit for Q1 2025, reaching Rs 187.60 crore. Revenue also increased significantly by 36.60%, riding on robust Akshaya Tritiya sales and wedding season demand. Despite gold price volatility, the company maintains strong business momentum.

Devdiscourse News Desk | Mumbai | Updated: 08-05-2025 18:02 IST | Created: 08-05-2025 18:02 IST

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Kalyan Jewellers, a prominent name in the jewellery retail industry, announced a substantial 36.44% rise in its consolidated net profit, reaching Rs 187.60 crore for the quarter ending March 2025. This growth signifies a notable year-over-year increase compared to the Rs 137.49 crore achieved in the same quarter last year.

The company's revenue from operations also surged impressively by 36.60%, amounting to Rs 6,181.53 crore in the latest quarter, a significant jump from Rs 4,525.01 crore reported a year ago. This performance highlights the robust consumer demand, particularly during the Akshaya Tritiya festival and the wedding season.

Kalyan Jewellers' executive director, Ramesh Kalyanaraman, noted the strong start to the financial year despite the ongoing volatility in gold prices, emphasizing the company's continued consumer demand momentum. However, the company's shares fell by 2.17% on the BSE, closing at Rs 511.30 on Thursday.

(With inputs from agencies.)