Kalyan Jewellers Q1 Results Revenue Up 22.06% QoQ and 26.50% YoY & Net Income Up 29.19% QoQ and 23.54% YoY

Kalyan Jewellers Q1 Results: Kalyan Jewellers India showed strong financial growth in the first quarter of 2024. Their total revenue, which is the money earned from sales, increased significantly. It went up by 22.06% compared to the previous quarter and 26.50% compared to the same quarter last year. This shows that the company is making more money from its sales. However, their selling, general, and administrative expenses were lower than last year, decreasing by 48.91%, though they increased by 7.88% from the previous quarter.

Kalyan Jewellers’ operating income, which is the profit made from regular business activities, grew by 29.17% from the last quarter and 16.10% from the previous year. This indicates that the company’s core operations are performing well. Net income, the final profit after all expenses and taxes, also rose significantly, up 29.19% from the last quarter and 23.54% year-over-year.

Kalyan Jewellers diluted normalized earnings per share (EPS), which shows how much profit each share of the company earns, increased by 28.36% from the last quarter and 22.86% from the previous year. Overall, Kalyan Jewellers had a successful quarter with improved sales and profits.

Here's a summary of Kalyan Jewellers India's Q1 results for June 2024:

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Kalyan Jewellers Q1 Results

Kalyan Jewellers reported its financial performance with some notable figures for the first quarter of the fiscal year. The company saw a revenue from operations of ₹46,874.63 million, which is an increase compared to the ₹36,409.17 million recorded in the same period last year. Total income, including other income, came to ₹47,124.82 million, up from ₹36,546.97 million a year ago. The company's expenses totaled ₹44,885.08 million, which is higher than the previous year's ₹34,809.84 million. 

Kalyan Jewellers' rise in expenses was due to increased costs in materials, employee benefits, finance costs, and other operational expenses. Despite these higher costs, Kalyan Jewellers achieved a profit before tax of ₹2,238.84 million, compared to ₹1,737.13 million in the same quarter last year.

Kalyan Jewellers' after accounting for taxes, the profit after tax was ₹1,650.94 million, up from ₹1,289.05 million a year earlier. The total comprehensive income for the quarter was ₹1,631.53 million. The company's earnings per share (EPS) for this period were ₹1.60, consistent with the previous period’s diluted EPS.

Here’s the full information in the date table: 

Kalyan Jewellers Financial Performance 

Kalyan Jewellers’ market capitalization is ₹61,574 crore, which is the total value of all the company's shares. The current stock price is ₹597, and it has ranged between ₹658 (high) and ₹203 (low) over a period. The Price-to-Earnings (P/E) ratio is 97.7, indicating how expensive the stock is compared to its earnings. 

Here's a summary of the financial details you provided:

Quarterly Results 

Kalyan Jewellers is a major jewelry retailer based in India. They offer a wide range of gold, diamond, and platinum jewelry. Established in 1993, Kalyan Jewellers has grown significantly, with numerous stores across India and internationally. They are known for their quality products and customer service.

Here's the table with the financial results for Dec 2023, Mar 2024, and Jun 2024:

About Kalyan Jewellers 

Kalyan Jewellers is a well-established jewelry company from India, with a history that goes back over a century. The company was started in 1908 with the aim of contributing to the nation’s growth and self-sufficiency. Originally, the founders wanted to build a business based on strong ethical principles, including honesty and transparency.

In 1993, Kalyan Jewellers began retailing jewelry in Thrissur, Kerala, and now has more than 150 showrooms across India and the Gulf Cooperation Council (GCC) countries.

Kalyan Jewellers is known for offering a wide range of jewelry designs, from traditional to modern, made with gold, diamonds, and precious stones. Kalyan Jewellers takes pride in understanding the local tastes and preferences of its customers. They also focus on educating their customers about the quality and pricing of jewelry to ensure transparency and prevent any unfair practices.

This commitment to customer education has helped the jewelry industry become more open and honest. With plans to expand into new markets like the USA, Singapore, Malaysia, and Sri Lanka, Kalyan Jewellers aims to continue its legacy of trust and quality.