Kalyan Jewellers Shines with 30% Revenue Surge Amid Festive Demand

Kalyan Jewellers announced a 30% year-on-year increase in consolidated revenue for the second quarter of this fiscal year, attributed to strong festive and wedding demand.

India operations led the charge with 31% growth, while the global operations reported a 17% boost. The Middle East division saw a 10% uptick, primarily from same-store sales growth.

The company expanded its retail footprint with 15 new Kalyan and 15 Candere showrooms in India, and two more in the Middle East. Its digital platform, Candere, recorded an impressive 127% revenue rise. Kalyan Jewellers continues its debt reduction strategy amid optimism for the ongoing festive season.

(With inputs from agencies.)