Jewellery retailer Kalyan Jewellers on Monday said its revenue from India operations witnessed an year-on-year growth of around 39% during the second quarter of 2024-25, led by robust footfalls across markets with a healthy same-store-sales-growth.

Kalyan Jewellers reported a 37% YoY increase in consolidated revenue for Q2 FY2025, driven by a 39% revenue growth in India and 24% in the Middle East. The company opened 26 new showrooms, bringing the total to 303,

The 40 percent run-up in Kalyan Jewellers stock in the past three months gave investors plenty leeway to take home partial profit, resulting in the selloff in the counter today.

In the Middle East, Kalyan Jewellers witnessed a revenue growth of approximately 24%, compared to the same period in the previous financial year.

Kalyan Jewellers' India operations posted revenue growth of 39%, with same-store sales growth of approximately 23% in the second quarter of fiscal 2025.

Kalyan Jewellers' India revenue grew around 39 percent, led by robust operating momentum across all markets with healthy same-store-sales growth

In the Middle East, Kalyan Jewellers saw a revenue increase of around 24% over the same period in the previous fiscal year.

Kalyan Jewellers reports robust revenue growth in Q2 FY25 driven by healthy same-store-sales and increased footfall. Read about their expansion plans and digital platform performance.

Kalyan Jewellers India said the reduction in custom duty on gold imports announced in Union Budget, has resulted in significantly higher levels of footfalls from the last week of July till the end of August.

After strong business update, shares of Titan as well as Kalyan Jewellers will hog limelight in today's session.