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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.
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Kalyan Jewellers ve caer el beneficio neto 3,3%, pero los ingresos aumentan 37% en medio de los impactos de los derechos de aduana.