Mumbai, July 7 -- The Retail revenue increased 56% YoY, driven by robust same-store sales growth (SSSG) of 46%, highlighting strong demand across its existing store network. Consequently, the retail business contributed around 78% of the company's total revenue during the quarter, reflecting an increased share in the overall revenue mix.

The franchise business recorded 8% YoY growth, while the e-commerce segment registered 20% YoY growth.

The company stated that the share of lower-margin gold bullion sales in retail revenue has normalized to around 22%, compared with a higher proportion in the previous quarter.

This, along with the rising contribution from higher-margin retail and studded jewellery sales, continues to improve the quali...