Kalyan Jewellers Q4 Results: Net profit drops 3.11% YoY to Rs 697.99 cr

Kalyan Jewellers India Ltd has reported a 3.11% YoY drop in consolidated net profit to Rs 697.99 crore during Q4 2022-23 due to higher expenses. However, the total income during the period surged to Rs 3,396.42 crore, with expenses remaining higher at Rs 3,268.47 crore. The FY 2022-23 annual profit almost doubled to Rs 431.93 crore, while the total income increased to Rs 14,109.33 crore. The company also witnessed a boost in consumer demand, particularly around wedding purchases, and completed an excellent year with a maiden dividend announced for the shareholders.