One of the biggest names in Indian and regional jewelry retailing, Kalyan Jewellers, said in a post-Dhanteras regulatory filing at the Bombay Stock Exchange that the company has been witnessing a strong momentum in footfalls and revenue for the past three quarters, starting from the same period during the past financial year (3Q FY 2020-21).
Speaking at a media briefing following the regulatory filing, Executive Director of Kalyan Jewellers, Ramesh Kalyanaraman said that the sales traction witnessed over the past three quarters has continued during this festive season, with October registering exceptionally good sales momentum.
“On Dhanteras, we registered higher footfalls both from existing as well as new customers, resulting in robust revenue growth. While the sales momentum in the plain gold segment continued, we also witnessed a significant increase in the studded jewellery category.
“This season, we introduced new collections in both gold as well as studded jewellery categories. The all-new Sankalp line of designs introduced earlier this quarter, featured region specific traditional plain gold jewellery. We also launched Vedha, a precious-stone studded heritage jewellery collection, further bolstering our studded product portfolio.
“The Middle East markets have also been vibrant from the start of this festive season and on Dhanteras. We are expecting this trend to continue, thanks to various events like the World Cup and Expo-2020 which are being held in the region. Candere has also performed exceptionally well and delivered robust growth, recording a multifold jump in revenue on Dhanteras.
“The season so far has been upbeat and revenue growth across categories has been on target,” concluded the executive director.