Kalyan Jewellers has reported a 97% growth in consolidated profit after tax (PAT) to INR 137.49 crore during the March quarter. The retailer’s PAT stood at INR 69.79 crore in the year-ago period, as per Kalyan Jewellers’ regulatory filing.
The company experienced a 34% growth in consolidated revenue from operations during the quarter under review, reaching INR 4,534.93 crore compared to INR 3,381.80 crore in the corresponding quarter of the previous year.
The company’s board of directors has proposed a final dividend of INR 1.2 per equity share for the fiscal year that ended on March 31, 2024, pending approval from shareholders.
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This translates to a payout exceeding INR 120 crore, constituting more than 20% of the net profit generated during FY24.
“Despite continued volatility in gold prices, we completed an excellent fiscal year and launched the new one with zeal. We’re seeing strong customer demand, particularly for weddings this quarter and Akshaya Tritiya,” said Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers India.
On Friday, the company’s shares closed at 410.85, marking a 3.37% increase on the BSE.
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