Kalyan Jewellers Q4 Profit More Than Doubles on Demand
Kalyan Jewellers reported a Q4 profit of 4.10 billion rupees as revenue rose 66.2 percent. Strong wedding demand drove growth and the firm set a final dividend.
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KALYAN JEWELLERS INDIA LTD net profit rose 118% to 4.10 billion rupees ($43.40 million) for the quarter ended March 31. Revenue climbed 66.2% to 102.75 billion rupees as India operations grew 68% year-on-year. Elevated gold prices pressured margins despite strong wedding-season demand.
