← Back to feedRead original →
VERIFIEDET Stocks·negative
Kalyan Jewellers slips 3% as Q1 margin pressure overshadows 32% jump in net profit
AI Summary
- ·Kalyan Jewellers' shares declined by 3% following its June-quarter financial results.
- ·The company reported a 32% year-on-year increase in consolidated net profit, reaching Rs 348.7 crore.
- ·Revenue saw a significant surge of 45.7%, amounting to Rs 10,588.9 crore, but margins were impacted by gold exchange volumes and promotional offers.