New Delhi (India), August 14: Kenvi Jewellers Ltd., a renowned name in the jewelry industry, proudly announces exceptional financial results for the past year, solidifying its position as a leader in the market. The company reported a remarkable total profit of 88 lakhs for the last business year, showcasing its commitment to excellence and innovation.
In the first quarter alone, Kenvi Jewellers achieved an impressive profit of nearly 30 lakhs, setting a strong foundation for the rest of the year. The company’s dedication to delivering quality products and exceptional service is evident in these outstanding financial achievements.
Furthermore, Kenvi Jewellers secured a significant order from Daman Jewellers, a prestigious brand based in the UAE. The order, valued at a staggering 88 crores, speaks volumes about the trust and confidence that industry leaders place in Kenvi Jewellers’ craftsmanship and reliability.
Comparing year-over-year figures, Kenvi Jewellers has demonstrated substantial growth across various key metrics. The net profit surged to 88.87 lakhs, a substantial increase from the previous year’s 33 lakhs. Total revenue witnessed an impressive jump from 14 crores to 57 crores, underscoring the company’s expanding reach and popularity.
The year-over-year EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a remarkable leap from 2.1 Crore to 22 Crore, showcasing Kenvi Jewellers’ commitment to operational efficiency and financial success. Equally impressive is the year-over-year margin, which soared to 23.2% from a modest 5.6%, a testament to the company’s strategic growth initiatives.
In line with its commitment to serving customers better, Kenvi Jewellers is thrilled to announce the opening of multiple new outlets across India. This expansion reflects the company’s dedication to providing exquisite jewelry to a broader audience, combining traditional craftsmanship with modern sensibilities.
As Kenvi Jewellers continues to excel in the jewelry industry, these achievements stand as a testament to the company’s unwavering commitment to quality, innovation, and customer satisfaction.
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