Kalyan Jewellers Q1 Results: Net profit jumps 32% YoY to ₹349 crore; margins contract

Kalyan Jewellers reported a net profit of ₹348 crore for the June quarter, a 32% YoY increase. However, it declined sequentially from ₹409 crore. Revenue rose 46% YoY to ₹10,589 crore, but fell 3% QoQ, with lower contribution from studded jewellery.