Mumbai, July 4 -- The growth was supported by a favourable festive calendar, robust same-store sales growth and continued expansion of its retail network.

Retail revenue increased around 48% year-on-year and 51% quarter-on-quarter, while same-store sales growth (SSSG) stood at 38% year-on-year and 34% quarter-on-quarter. The company's trailing twelve-month (TTM) sales reached around Rs 9,660 crore.

The jewellery retailer said demand was supported by festivals including Akshaya Tritiya, Poila Baisakh, Baishaki and Bihu, along with the onset of the summer wedding season. The quarter's performance remained resilient despite Adhik Maas and the increase in customs duty on gold from 6% to 15%.

Diamond jewellery sales by value grew about 40% ...