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Business EconomyPosted at: May 10 2024 7:33PM


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.
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