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Kalyan Jewellers stock rose as much as 3 percent to hit an intraday high of Rs 435 in the opening minutes, before giving up gains.
Kalyan Jewellers' India business revenue grew about 64 percent year-on-year in Q4.
KEY POINTS
- International revenue rose around 45 percent YoY, with West Asia up 39 percent despite tensions.
- The company added 24 net new showrooms in India and 14 Candere outlets during the quarter.
- Candere, Kalyan's e-commerce arm, saw over 360 percent year-on-year growth in Q4.
- Despite recent gains, Kalyan Jewellers stock is down 13.6 percent over the past year.
COMPANIES
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