Kalyan Jewellers India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 01:47 am EST
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Kalyan Jewellers India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 52,230.77 million compared to INR 38,840.97 million a year ago. Revenue was INR 52,432.08 million compared to INR 38,909.85 million a year ago. Net income was INR 1,806.13 million compared to INR 1,486.96 million a year ago. Basic earnings per share from continuing operations was INR 1.75 compared to INR 1.44 a year ago. Diluted earnings per share from continuing operations was INR 1.75 compared to INR 1.44 a year ago.
For the nine months, sales was INR 140,133.56 million compared to INR 106,896.45 million a year ago. Revenue was INR 140,582.64 million compared to INR 107,129.12 million a year ago. Net income was INR 4,597.48 million compared to INR 3,630.17 million a year ago. Basic earnings per share from continuing operations was INR 4.46 compared to INR 3.52 a year ago. Diluted earnings per share from continuing operations was INR 4.46 compared to INR 3.52 a year ago.
Kalyan Jewellers India Limited is an India-based jewelry retailer, which is engaged in offering gold, diamond, pearl, white gold, gemstone, platinum and silver jewelry products. The Companyâs brand includes Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya and Glo. Its products include chains, rings, necklaces, earrings, bracelets, bangles, gold, white gold and platinum. The services provided by My Kalyan includes jewelry purchase advance schemes, gold insurance, wedding purchase planning, advance booking of purchases to protect against price increases, sale of gift vouchers and gold buying tips and education. It has approximately 150 retail stores spread across India and Middle East. The Companyâs subsidiaries include Kalyan Jewellers FZE, Kalyan Jewellers LLC, Kalyan Jewellers For Golden Jewelry Company, W.L.L., Kenouz Al Sharq Gold Ind.LLC, Kalyan Jewelers, Inc., Kalyan Jewellers Bahrain W.L.L and Enovate Lifestyles Private Limited.