Witnessed strong momentum in footfalls for past 3 quarters: Kalyan Jewellers

Kalyan Jewellers Ltd been witnessing a strong momentum in footfalls and revenue for the past three quarters, starting from the same period during the last financial year (Q3FY21), the company said in a regulatory filing.

“While the sales momentum in the plain gold segment continued, we also witnessed a significant increase in the studded jewellery category," Kalyan Jewellers said in a statement.

The traction has continued during this festive season as the company registered a good sales momentum in October. Kalyan Jewellers registered higher footfalls from existing and new customers on Dhanteras which led to robust revenue growth, the company said. The Middle East markets have also been vibrant from the start of this festive season and on Dhanteras.

The company introduced new collections in both gold as well as studded jewellery categories this season in addition to Vedha, a precious-stone studded heritage jewellery collection, further bolstering our studded product portfolio.

"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," Kalyan Jewellers said.