Kalyan Jewellers posts strong Q1 growth on robust demand

Kalyan Jewellers reported strong Q1 performance with India business growing over 38 percent and same-store sales rising about 28 percent. The international business posted around 35 percent revenue growth year-on-year, while digital platform Candere more than doubled its revenue with roughly 112 percent growth. The company expanded its retail footprint by adding 12 new showrooms in India and now operates 524 stores globally.