Saturday, Jun 15 2024 | Time 17:25 Hrs(IST)
Business Economy

Kalyan Jewellers net up 96 pc in Q4

New Delhi, May 10 (UNI) Kalyan Jewellers on Friday reported 96 per cent jump in consolidated net profit at Rs 137 crore during Q4 (January - March) period of fiscal 2023-24 compared to Rs 70 crore in Q4 of 2022-23.
Consolidated revenue for Q4FY24 was Rs 4,535 crore as against Rs 3,382 crore in the corresponding quarter of the previous year, a growth of over 34 per cent, company said in a release.
The Board of directors of the company has recommended a final dividend of Rs 1.2 per equity share for the financial year ended 31 March 2024, subject to the approval of shareholders. This represents a pay-out in excess of Rs 120 Cr, more than 20 per cent of the net profit generated during FY 2024.
Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We completed an excellent financial year and have started the new year on a strong note despite continuing volatility in gold prices. We are witnessing encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter and Akshaya Tritiya.”
Consolidated revenue for the full year 2023-24 stood at Rs 18,548 crore as against Rs 14,071 crore in the previous year, a growth of 32 per cent.
Consolidated net profit for FY24 was Rs 596 crore, company said.
More News
Repeal of Art 370 spurs Rs 81k Cr investment proposals in J&K: Hina Bhat

Repeal of Art 370 spurs Rs 81k Cr investment proposals in J&K: Hina Bhat

14 Jun 2024 | 11:04 PM

Jammu, June 14 (UNI) With the Introduction of New Industrial Development Scheme and post abrogation of Article 370, the Union Territory of Jammu and Kashmir has received Investment proposal worth Rs 81 thousand Crore, stated Chairperson J&K Khadi and Village industry Board Dr. Hina Shafi Bhat.

see more..

India’s exports estimated to grow at 10 25 percent in May despite geopolitical headwinds

14 Jun 2024 | 7:25 PM

New Delhi, Jun 14 (UNI) India’s total exports are estimated to be at USD 68.29 billion in May 2024, registering a growth of 10.25 percent over May 2023, according to figures released by the Government on Friday.

see more..

Kottayam-Kochi Rubber Market Rates

14 Jun 2024 | 6:36 PM

Kottayam, June 14 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..

Cycle Pure Agarbathi celebrates 75 yrs in Chennai

14 Jun 2024 | 6:32 PM

Chennai, June 14 (UNI) Cycle Pure Agarbathi, India's leading agarbathi manufacturer, has celebrated its 75th year of carving a niche in the fast-moving consumer goods (FMCG) industry.

see more..

Unifi Capital launches 2 new fund offerings

14 Jun 2024 | 6:26 PM

Chennai, June 14 (UNI) Unifi Capital, a leader in Portfolio Management in India, on Friday announced the launch of two new fund offerings through its subsidiary - Unifi Investment Management LLP (UIML) - in GIFT City, International Finances Services Centre.

see more..