Kalyan Jewelers share cost added more than 11% intraday on October 7 after the organization revealed a revenue development of 60% for its India activities during quarter finished September, when contrasted with a similar period in the earlier year.
“We continued to witness robust growth in the share of new customers during the quarter, driven largely by the shift from the unorganised to the organised segment,” Kalyan Jewellers said in its press release.
The non-south markets recorded a higher same store sales development of 70% contrasted with south business sectors which recorded same store sales development of 40%.
During the quarter, 92% of our display areas were operational contrasted with 88% during a similar period in the earlier year. Nonetheless, as of September 30, 2021 100% of showrooms were operational, organization said.
The organization opened one new showroom during the quarter taking the total stores opened during the main portion of the current financial year to 10.
Its online jewellery platform, Candere, recorded a revenue development of 45% during the quarter, contrasted with a similar period during the last year.
At 09:37 hrs Kalyan Jewelers India was citing at Rs 76.35, up Rs 5.60, or 7.92 percent on the BSE.
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