Understanding Revenue Growth and Profitability

Jewellery Sector - Kalyan Jewellers India Ltd. KALYANKJIL reported encouraging Q2 FY27 consolidated results. Revenue increased by 31.4% year-on-year to approximately ₹10,322.6 crore, while net profit increased by 63.9% to approximately ₹427.1 crore. EBITDA increased by 29.7% to ₹644 crore. The company also indicated positive business momentum during the festive season, particularly around Navratri and Dhanteras. However, investors should examine the one-time gain of ₹73.5 crore included in the quarter's results before evaluating the sustainability of reported profit growth. The jewellery sector is influenced by gold prices, consumer demand, wedding-season purchases, inventory management and retail expansion.