Kalyan Jewellers Q2 results: Consolidated profit falls 3.3%, shares slip 5%

The jewellery maker’s shares fell to ₹670, down 4.87% (-₹34.3) during the post-trading session on the NSE on Wednesday.

Kalyan Jeweller faced a one-time loss of ₹69 crore attributable to a reduction in customs duty in the country in the second quarter of this fiscal. The jewellery retailer’s revenue from operations expanded 37.39% year-on-year from ₹4,414.53 crore in the year-ago period to ₹6,065.48 crore during the quarter under review.

"We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.

The company posted an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of ₹327.2 crore in Q2FY25, growing 27% from ₹313.7 crore in the same period last year. However, the EBITDA margin contracted from 7.1% in Q2 FY’24 to 5.4% in Q2 FY’25.

The jeweller had a total market capitalization of ₹68,685.23 crore as of November 13, according to the NSE.