Kalyan Jewellers India reported a 32% year-on-year jump in net profit to ₹348 crore for the June quarter, driven by robust top-line growth that outweighed contracting margins.
The company’s revenue climbed 46% to ₹10,589 crore, signaling strong consumer demand despite a sequential dip from the previous quarter’s ₹409 crore profit.
85, extending a broader recovery rally that has seen the shares gain approximately 47% over recent months.
The results triggered a sharp positive reaction in equity markets, with Kalyan Jewellers shares climbing nearly 10% on the Bombay Stock Exchange.
The stock reached an intraday high of ₹521.85, extending a broader recovery rally that has seen the shares gain approximately 47% over recent months.
Investors appear to be rewarding the scale of revenue expansion, even as operating margins faced headwinds.
The margin contraction highlights the ongoing cost pressures in the jewellery retail sector, where gold price volatility and input costs can squeeze profitability despite high sales volumes.