The revenue growth was mainly driven by robust operating momentum on the ground with healthy same-store-sales-growth of approximately 12%.
Kalyan Jewellers witnessed robust operating performance across all its markets in India and Middle East despite extreme volatility in gold prices and a strong base quarter.
In Q1 FY25, the company has recorded a consolidated revenue growth of approximately 27% as compared to the same period a year ago.
During the quarter, the firm launched 13 Kalyan franchisee-owned-company-operated (FOCO) showrooms in India, with a strong pipeline of showrooms set to open in the coming quarters in line with its previously communicated guidance, it added.
In the Middle East, the jewellery retailer witnessed a revenue growth of approximately 16% compar...
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