Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3

The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand.

Shares of Kalyan Jewellers surged 6 per cent to Rs 127.60 on Monday after the company said it recorded consolidated revenue growth of approximately 13 per cent in December quarter (Q3FY2023) as compared to the same period of previous financial year, as quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand. The stock had hit a 52-week high of Rs 134 on December 29, 2022.

The company’s year to date (YTD) consolidated revenue for the first nine months (April-December) of the financial year 2022-23 grew 35 per cent as compared