{"id":106559,"date":"2023-08-09T14:55:03","date_gmt":"2023-08-09T09:25:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106559"},"modified":"2023-08-09T14:55:05","modified_gmt":"2023-08-09T09:25:05","slug":"kalyan-jewellers-q1-results-pat-grew-by-33-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/kalyan-jewellers-q1-results-pat-grew-by-33-yoy\/","title":{"rendered":"Kalyan Jewellers Q1 Results: PAT grew by 33% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2807344204\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>T. S. Kalyanaraman created Kalyan Jewellers and used an initial investment of 75 lahks to open the company&#8217;s first jewellery store in Thrissur, Kerala, India, in 1993. The corporation also has a long history in the wholesale, retail, and trading of textiles.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-384881556\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KALYANKJIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Kalyan Jewellers India<\/a><\/strong> on Wednesday reported a 33 per cent growth in consolidated profit after tax (PAT) at Rs 144 crore for the June quarter of 2023-24.<\/p><p>PAT stood at Rs 108 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing.<\/p><p>Revenue was up 31 per cent during the quarter under review at Rs 4,376 crore as against Rs 3,333 crore in the corresponding period of the previous year.<\/p><div class=\"trade-content_5\" id=\"trade-154894803\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>India operations recorded a PAT of Rs 129 crore for the quarter compared to Rs 95 crore a year ago.<\/p><p>The Middle East operations recorded a PAT of Rs 17 crore as compared to Rs 14 crore a year ago. The region contributed 16 per cent to the overall consolidated revenue of the company.<\/p><p>Meanwhile, the e-commerce division Candere recorded a loss of Rs 2.2 crore against a loss of Rs 1.2 crore a year ago.<\/p><p>\u201cWe have had a very good start to the financial year. The recently concluded quarter has been yet another positive one for Kalyan Jewellers, having witnessed continued robust momentum in both footfalls and revenue across all our markets in India and the Middle East over the past several quarters,\u201d Kalyan Jewellers Executive Director Ramesh Kalyanaraman said.<\/p><p>The company is upbeat about the upcoming showroom launches and is gearing up with fresh collections and campaigns for the upcoming festive and wedding seasons across the country, he said.<\/p><p>\u201cThe month of August will witness the launch of our 200th showroom in Jammu &#8211; a milestone in our showroom expansion journey,\u201d he added.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3050423356\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-4085660978\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>T. S. Kalyanaraman created Kalyan Jewellers and used an initial investment of 75 lahks to open the company&#8217;s first jewellery store in Thrissur, Kerala, India, in 1993. The corporation also has a long history in the wholesale, retail, and trading of textiles. Kalyan Jewellers India on Wednesday reported a 33 per cent growth in consolidated [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-106559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kalyan Jewellers Q1 Results: PAT grew by 33% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"T. S. Kalyanaraman created Kalyan Jewellers and used an initial investment of 75 lahks to open the company&#039;s first jewellery store in Thrissur, Kerala, India, in 1993. 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