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The Economic Times

Business

Veer Sharma

Kalyan Jewellers slips 3% as Q1 margin pressure overshadows 32% jump in net profit

Kalyan Jewellers Kalyan India

Kalyan Jewellers shares slipped 3% to Rs 575 on the BSE on Wednesday after the company's June-quarter earnings showed margin pressure, overshadowing a 32% year-on-year (YoY) increase in consolidated net profit to Rs 348.7 crore.

The company's revenue from operations rose 45.7% YoY to Rs 10,588.9 crore from Rs 7,268.5 crore, according to the unaudited financial results approved by the board on August 4.

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