Kalyan Jewellers records growth in FY ‘24

Kalyan Jewellers India Limited, has announced that it recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. The consolidated PAT for FY24 was Rs 596 crore. 

Standalone revenue for the company (India) in FY24 was Rs 15,783 crore, as against Rs 11,584 crore in the previous financial year, a growth of 36%. PAT (INDIA) for the year was Rs 554 crore compared to a PAT of Rs 390 crore in the previous financial year, a growth of 42%. 

The company informs that the Middle East region contributed 14% to the overall consolidated revenue of the company. Kalyan’s digital-first platform, Candere, recorded a revenue of Rs 36 crore for Q4 FY24 versus Rs 32 crore in the corresponding quarter of the previous year. 

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.”