Kalyan Jewellers India

“So to answer your question, for the full year, I don't think there will be an impact. Even on a conservative basis, I think we'll be able to maintain the PBT margins of the previous year.”

“Yes. No change in target. So last year also has been like this only. So no change in target. Usually, H2 is heavier than H1 in terms of store expansion and there is no change in target of number of showrooms in Kalyan and Candere.”

“For the full year, we are even on a conservative basis, we hold to the PBT margin of the last financial year.”

“The India business came in at INR8,503 crores versus INR6,142 crores in the corresponding quarter of the previous year.”

“And India EBITDA came in at INR500 crores versus INR434 crores when compared with the corresponding quarter of the previous year.”

“India PAT came in at INR321 crores compared to INR256 crores in the corresponding quarter of the previous year.”

“Revenue in the Middle East for the quarter came in at approximately INR1,320 crores versus INR1,026 crores compared to the corresponding quarter in the previous year.”

“And EBITDA in the Middle East came in at INR90 crores versus INR73 crores in Q1 of the previous year.”

“Demand remained robust during most part of the recently concluded quarter, except for 1 month of. Adhik-Maas.”

“The quarter has started off very well despite the volatility in gold prices. We are upbeat about the upcoming festive and wedding season and are fully geared up with fresh collections and campaigns.”

“And we do not see anything as of now because July has been good.”

“And the price correction has been only 15% - 20% and for which we do not overreact for these kind of things.”

“There's a very good shift from unorganized to organized. It still continues. We see traction even as we speak.”

“Then the PBT margins are around what, 5.1%, which was at around 5.5%-5.6% before,”

“And you know that exchange itself is margin dilutive by around 0.2% -0.3%.”

“So when we do a cash sale, with the cash if we buy bullion, we get what 0.5% - 0.75% markup on the spot rate in which we sell gold at the store, which does not happen when you do an exchange.”

“So, cash for gold is a new product, which is really catching up now. And we think that is actually margin accretive also because we buy at a discount to the spot price.”

“It is all depends on market dynamics. So there's no policy around these kind of things.”

“Regarding the non-GML debt reduction, we are well on track to complete the repayment by end of September.”

“Post that, we will initiate steps for the release of the second tranche of real estate collaterals.”

“Yes. In a couple of months, because I told you, September we will be debt free, non-GML.”

“So, to have cash in the system, if the exchange quotient is more, we will have to do bullion. That's why you see bullion sale in Q1 also.”

“you know that we have unveiled our first regional brand exclusively tailored for Tamil Nadu markets. We have named it Akshaya Thanga Maligai and will also be known by its short name ATM.”

“There will be other cities also. The first two was in Chennai.”

“Yes, the expansion of ATM will also predominantly be FOCO, asset-light.”

“This will position the brand to compete directly with established regional jewelry chains and unorganized players rather than Kalyan's existing showroom network.”

“No, no. So, we don't have any plans for bonus share issue as of now.”

“Onetime gain of what INR30 crores- INR40 crores, that we had to give back to the consumers by way of offers, etc for people to come and exchange their old gold instead of paying cash”

“So mostly in Q2, it does not flow through Q3. So approximately INR40 crores was in Q1 and the rest was in Q2.”

“It's in the range of INR60 crores for Q2.”

“While consolidated revenue growth ex-bullion and PAT growth have been 38% and 32%, respectively, on a standalone basis, the revenue growth ex-bullion and PAT growth have been 38% and 25%, respectively.”

“The initiative was well received by our customers, helping us to increase the share of recycled gold as a percentage of revenue to over 46% during Q1 FY 2027.”

“We have signed the agreement with potential buyers for 2 separate parcels of land with an aggregate consideration amount to around INR102 crores.”

“We expect to conclude the sale process and receive consideration before the end of the ongoing quarter.”

“The company reported consolidated revenue of INR10,008 crores, a growth of 38% over the corresponding quarter of the previous year.”