Kalyan Jewellers Q4 consolidated net profit up 97% to ₹137 crore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Kalyan Jewellers on Friday reported a 97% growth in consolidated profit after tax (PAT) to ₹137.49 crore during the March quarter. The jewellery retailer’s PAT stood at ₹69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing.

Consolidated revenue from operations of the company grew 34% during the quarter under review at ₹4,534.93 crore as against ₹3,381.80 crore in the corresponding quarter of the previous year.

Also Read: Tata Power Q4 Results | Net profit jumps 15% to ₹895 crore, declares dividend of ₹2

The board of directors of the company has recommended a final dividend of ₹1.2 per equity share for the financial year ending March 31, 2024, subject to the approval of shareholders. This represents a payout in excess of ₹120 crore, more than 20% of the net profit generated during FY24, the company added.

“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,” Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.

Shares of the company on Friday closed at ₹410.85, up 3.37% on the BSE.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow