Kalyan Jewellers India delivers PAT of Rs224 crore with revenue growth of 26% yoy in FY22

Kalyan Jewellers India Limited recorded a consolidated revenue of Rs10818 crore, the highest revenue in the history of the company so far despite disruptions to business due to COVID 2nd and 3rd waves during the year. The consolidated PAT for FY2022 was Rs224 crore. The PAT for the last three quarters was Rs275 crore.

Consolidated revenue for Q4FY22 was Rs2857 crore as against Rs3057 crore in the corresponding quarter of the previous year. The company recorded Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of Rs 218 crores during Q4 FY22 compared to Rs 228 crores in the same quarter of the previous year.

Consolidated PAT for the quarter was Rs72 crore as against a PAT of Rs74 crore for the same period of the previous financial year.

Further, the standalone revenue for the company (India), was Rs2399 crore, as against Rs2615 crore in Q4 of the previous financial year.

The India operations recorded Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of Rs188 crore for the quarter, compared to Rs194 crore in the same quarter of the previous year. PAT (INDIA) for the quarter was Rs70 crore compared to a PAT of Rs66 crore in the corresponding quarter of the previous year.

Total revenue from the Middle East operations during Q4 FY22 was Rs425 crore, at similar levels to the corresponding quarter of the previous year.

The Middle East region contributed ~15% to the overall consolidated revenue of the company. The Middle East operations recorded Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of Rs33 crore for the quarter compared to Rs30 crore in the same quarter of the previous year. PAT for the quarter was at Rs4.3 crore compared to a PAT of Rs7 crore in the corresponding quarter of the previous year.

The e-commerce division Candere has continued its growth momentum. The revenue for the recently concluded quarter was Rs39 crore versus Rs22 crore in Q4-FY21, a growth of 78%. The quarter recorded a loss of Rs2.7 crore versus a profit of Rs53 lakhs for the corresponding quarter of the previous year.

Presently, the Company’s retail footprint is spread across 154 stores in 21 Indian states and 4 countries in the Middle East, with a retail area exceeding 5,40,000 sq. ft.

At around 12:46 PM, Kalyan Jewellers India was trading at Rs55.85 apiece down by Rs2.8 or 4.77% from its previous closing of Rs58.65 apiece on the BSE.