Kalyan Jewellers reports 38% revenue growth, adds 17 stores in June quarter
Kalyan Jewellers said consolidated revenue rose about 38% year on year, supported by roughly 28% same-store sales growth. The retailer opened 12 Kalyan showrooms and five Candere stores, while Candere revenue grew 112%.
Kalyan Jewellers reported strong June-quarter momentum, with consolidated revenue up about 38% and same-store sales up 28%. It added 12 showrooms and five Candere stores, while Candere revenue rose 112%. Citi retained Buy with a Rs 750 target.
Why this matters
The update extends recent signals of Kalyan's 38% June-quarter growth and Candere sales doubling, following investor attention to a stock pullback and subsequent rebound after the Q1 update.
Retail-company signals are accelerating, up +990200% quarter over quarter.