Kalyan Jewellers slips 3% as Q1 margin pressure overshadows 32% jump in net profit

Kalyan Jewellers slips 3% as Q1 margin pressure overshadows 32% jump in net profit

Kalyan Jewellers shares slipped 3% to Rs 575 on the BSE on Wednesday after the company's June-quarter earnings showed margin pressure, overshadowing a 32% year-on-year (YoY) increase in consolidated net profit to Rs 348.7 crore.The company's revenue from operations rose 45.7% YoY to Rs 10,588.9 crore from Rs 7,268.5 crore, according to the unaudited financial results approved by the board on August 4.Operating performance remained healthy, with EBITDA (earnings before interest, taxes, depreciation and amortisation) increasing 24.5% to Rs 632.5 crore from Rs 508 crore in the year-ago quarter.Gr