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Kalyan Jewellers comment on the consumer demand trend on Akshaya Tritiya.

Kalyan Jewellers, issued the following statement on the consumer demand trend witnessed on the occasion of Akshaya Tritiya.

We have been witnessing continued robust momentum in footfalls and revenue from the beginning of the current financial year. This traction has continued during Akshaya Tritiya, registering strong footfalls from existing as well as new customers across all the markets in India and Middle East resulting in robust retail revenue growth across gold and studded segments.

We have tracked revenue for the first 40 days of the current quarter to maintain a like-for-like comparison as Akshaya Tritiya was celebrated during the fourth week of April in the previous financial year, as opposed to in May this year. For the first 40 days of the quarter, we have witnessed early double-digit same-store-sales-growth (SSSG) when compared with the same period in the prior year.

During the current quarter, we have so far launched 10 Kalyan showrooms and 7 Candere showrooms in India taking the total number of showrooms across India and Middle East to 270 as on 10th May 2024.

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