Kalyan Jewellers has recorded a consolidated revenue of Rs 14,071 crore in FY23 as against Rs 10,818 crore in the previous year, a growth of over 30%. The consolidated PAT for FY23 was Rs 432 crore and adjusted PAT for the year more than doubled to Rs 457 crore, when compared to the previous financial year.
The e-commerce division, Candere, recorded a revenue of Rs 32 crore for the quarter versus Rs 39 crore in the corresponding quarter of the previous year. The quarter recorded a loss of Rs 1.9 crore as against a loss of Rs 2.7 crore for the corresponding quarter of the previous year.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers said, “We completed an excellent year and have announced our maiden dividend to reward our shareholders. With a strong Akshaya Tritiya, we have had a fantastic start to the current financial year as well.”
The Middle East region contributed ~16% to the overall consolidated revenue of the company.
Total revenue from the Middle East operations during Q4 FY23 was Rs 549 crore as against Rs 425 crore in Q4 of the previous financial year, a growth of ~29%. The Middle East operations recorded EBITDA of Rs 42 crore for the quarter compared to Rs 33 crore in the same quarter of the previous year, a growth of ~27%.
Thrissur, Kerala based Kalyan Jewellers is one the largest jewellery retailers in India and has 182 showrooms across India and the Middle East. The company boasts of an array of brand ambassadors including Amitabh Bachhan, Jaya Bachhan, Aishwarya Rai Bachhan, Prabhu, Nagarjuna, Manju Warrier, Shivarajkumar, Katrina Kaif among others.
