BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Kalyan Jewellers India Ltd., in its exchange fillings today said that in Q2 FY23 it witnessed robust momentum in both footfalls and revenue across India as well as in Middle East. It was bit lower as wedding season in South was delayed.
Consolidated revenue is expected to grow over 20.0% in Q2 FY23, whereas India business to report up 14.0% growth YoY.
Management stated that gross margin expected to decline on YoY largely driven by higher competition intensity however strong operating momentum has been observed on the back of effective execution of growth strategies and shift in demand towards branded retail chains.
In the middle east operation, it is expected to grow by over 65.0% YoY on the back of economic recovery in the region. Online format Candere recorded of over 15.0% revenue growth during the quarter.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
