Kalyan Jewellers India has reported a 27.1% YoY increase in its Q2 profit, driven by domestic demand and increased store traffic. The company’s consolidated net profit rose to ₹1.35 billion ($16.23 million) in Q2, with revenue from India operations growing 32%. Kalyan Jewellers India opened its first store in Thrissur, Kerala in 1993 and has since expanded to 122 locations globally.
This is a significant achievement for the company, which has been expanding its operations in India and abroad. The rise in net profit is a testament to the company’s commitment to providing high-quality jewelry to its customers. Kalyan Jewellers India has been able to maintain its position as one of the leading jewelry brands in India by offering a wide range of products at competitive prices.
The company’s success can be attributed to its focus on innovation and customer satisfaction. Kalyan Jewellers India has been able to leverage technology to improve its operations and provide a seamless shopping experience to its customers. The company has also been able to build a strong brand image by offering high-quality products and excellent customer service.
Kalyan Jewellers India’s Q2 results are a positive sign for the company and the jewelry industry as a whole. The company’s focus on innovation and customer satisfaction has helped it maintain its position as one of the leading jewelry brands in India.