Kalyan Jewelers' financial performance in the second quarter was excellent, company's profit increased along with revenue

The company's PAT for this quarter was Rs 12 crore, whereas, in the same period last year, it was Rs 14 crore, which is 14.28 percent less.

The company's e-commerce division Candere reported revenue of Rs 31 crore in Q2FY24 compared to Rs 37 crore in the same period of FY23, a decline of 16.21 percent.

Ramesh Kalyanaraman, executive director, of Kalyan Jewelers India, said, “It has been a fantastic year so far. Revenue growth in the first half of the current financial year was 29 percent. We are extremely encouraged by the way the festive quarter has progressed so far despite the high number of Shraddha days and the volatility in gold. We have seen a revenue growth of 35 percent in the current quarter till November 12 as compared to the same period last year.”