Kalyan Jewellers sees net profit fall 3.3%, but revenues jump 37% amid customs duty impacts.

Kalyan Jewellers reported a 3.3% drop in net profit to Rs 130.3 crore for the second quarter, largely due to a one-time loss of Rs 69 crore from reduced customs duties. Despite the profit dip, revenue surged by 37% to Rs 6,065.48 crore, showing robust growth. The company remains optimistic about the current wedding season and expects to end the year strongly, despite recent stock fluctuations.

November 13, 2024
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