According to rising costs, Kalyan Jewellers reported flat Q4 margins


Kalyan Jewellers reported flat margins for the fourth quarter of its fiscal year, as higher costs weighed on profitability. The jewellery retail major reported a net profit of Rs 43.86 crore for the quarter ended March 31, 2021, compared to Rs 43.73 crore a year ago. The company’s total income for the period stood at Rs 1,821.02 crore, up from Rs 1,622.87 crore in the same period a year ago.

However, higher costs weighed on the company’s profits, as gross profit margin for the quarter stood at 12.9 percent, flat from a year ago. Operating expenses too rose by 16.5 percent to Rs 338.92 crore.

Kalyan Jewellers reported a healthy 24.5 percent jump in sales for the period, with revenue from operations increasing to Rs 1,705.72 crore from Rs 1,368.89 crore a year ago. The company said it had opened 12 new showrooms during the quarter, taking the total number of showrooms to 179.