Overview
- Consolidated net profit rose to Rs 1,120 crore year-on-year, ahead of analyst forecasts for the September quarter.
- Revenue grew nearly 29% to Rs 18,725 crore as EBITDA reached Rs 1,875 crore and margin improved to 10%.
- Domestic jewellery brands Tanishq, Mia and Zoya grew 18% to Rs 12,640 crore, while CaratLane rose 32% to Rs 1,072 crore.
- International jewellery sales nearly doubled to Rs 561 crore, with strong momentum in the UAE and North America.
- The company cited festive demand, coins promotions and gold exchange offers as drivers, added 34 jewellery stores in India, opened a Tanishq outlet in Virginia, and reported watches at Rs 1,477 crore, eyewear at Rs 220 crore and emerging businesses at Rs 142 crore.