Kalyan Jewellers - Strong Business Momentum Continued In Q3: Centrum Broking

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Kalyan Jewellers India Ltd. witnessed 17% revenue growth led by strong momentum in footfalls as the positive traction continued during October/ November month led by festive season and buoyancy in consumer sentiments. India operations revenue grew 15% YoY in Q3 while Middle East grew more than 22% YoY. Gross margins improved sequentially nearing pre Covid-19 levels while margin expansion led by improvement in both studded share and share of revenue from non-south markets. Growth in Middle East was entirely driven by same-store-sales growth, though Kalyan Jewellers did not add any stores in this region in the past 12 months. It added five showrooms in India in Q3, taking store count across India and the Middle East to 151. Considering the healthy performance and positive consumer sentiments ahead coupled with lower gold prices we expect it could induce advance purchases for future..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Kalyan Jewellers - Strong Business Momentum Continued In Q3: Centrum Broking

Kalyan Jewellers - Strong Business Momentum Continued In Q3: Centrum Broking

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