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

Kalyan Jewellers shares fell 3% after its June-quarter results highlighted margin pressure despite strong earnings growth. Consolidated net profit rose 32% year-on-year to Rs 348.7 crore, while revenue surged 45.7% to Rs 10,588.9 crore. Investors remained cautious as higher gold exchange volumes and promotional offers weighed on margins, offsetting the retailer’s robust sales performance.

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