Team News Riveting
Thrissur, May 11
Kalyan Jewellers India Limited recorded a consolidated revenue of Rs 10818 crore, the highest revenue in the history of the company so far despite disruptions to business due to COVID 2nd and 3rd waves during the year.
The consolidated Profit After Tax (PAT) for financial year 2021-22 (FY2022) was Rs 224 crore. The PAT for the last three quarters was Rs 275 crore.
Consolidated PAT for the fourth quarter of FY22 was Rs 72 crores as against a PAT of Rs 74 crores for the same period of the previous financial year.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “Q4 started
with a very high base and also faced disruptions to showroom operations during the first half of
the quarter due to Omicron driven wave. The quarter also saw extreme volatility in gold prices
driven by the geo- political situation in Ukraine and its related impact on demand. We ended the
quarter with a marginal de-growth but as a team we are very satisfied with the outcome.”
“This Akshaya Tritiya (FY2022-23) was excellent with significant traction across all regions
including the non-south markets. We witnessed significant growth not just in terms of value but
footfalls as well. April and the first week of May have been very encouraging both in India as
well as the Middle East and are in line with our plan for the current year,” he added.
Headquartered in Thrissur in the state of Kerala, Kalyan Jewellers is one the largest jewellery retailers in
India with a presence in the Middle East.
Presently, the Company’s retail footprint is spread across 154 stores in 21 Indian states and 4
countries in the Middle East, with a retail area exceeding 5,40,000 square feet.
