Kalyan Jewellers quarterly profit surges on seasonal demand
Shares of Kalyan, which gained 45.2 per cent so far this year, were up 3.4 per cent after the results were announced.
Kalyan Jewellers' peer Tribhovandas Bhimji Zaveri posted a five-fold jump in profit, while Tanishq jewellery brand owner Titan reported strong gold sales during the first quarter. (Image credit: Reuters)