Kalyan Jewellers, a prominent jewelry retailer, achieved a notable 33% consolidated revenue growth in Q3 compared to the same period last year. The India business segment led this surge with a remarkable 40% growth, driven by strong operational performance and substantial same-store-sales growth across key markets. The Middle East contributed 13% to consolidated revenue with a 6% growth in the quarter. Kalyan Jewellers expanded its footprint by adding 22 new showrooms in India, with plans to convert more company-owned showrooms to the franchise model. The company aims to launch additional showrooms in India, the Middle East, and further enhance its franchise model in the coming quarter, aligning with a goal of an asset-light approach.
Kalyan Jewellers Reports Robust Q3 Growth with 33% Increase in Consolidated Revenue
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