June 1: Kalyan Jewellers has recently reported a sales boost of 42.78% during the last quarter of FY21. In revenues, the percentage is translated to Rs. 3056.6 crore.
Giving the approaching time a positive idea, the company’s net profit has climbed by 54.21% to Rs. 74.19 crore in the March 2021 quarter against the profit of the corresponding period of FY20, Rs. 48.11 crore.
Other than this, the company reported a net loss of Rs. 6.30 crore for FY21 as against their net profit of Rs. 143 crore during the previous fiscal that ended in March 2020.
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Even during the festive season, the sales declined at 15.12% to Rs. 8573.31 crore against the profit of the previous financial year that stood at Rs. 10100.92 crore. This situation clearly reflects how adversely the Covid-19 pandemic has muted the celebrations and festive times.
Earlier in March, the Rs. 1175 crore IPO of Kalyan Jewellers was oversubscribed by 2.6 times, after this, on March 26, it was listed on the National Stock Exchange of India and Bombay Stock Exchange.
