New Delhi, Aug. 4 -- Kalyan Jewellers India, one of the country's largest jewellery retailers, announced its financial results for the June quarter on Monday, August 4, after market hours.

The company reported a net profit of Rs.348 crore for the first quarter, marking a 32% year-on-year (YoY) increase from Rs.264 crore in the corresponding quarter last year. However, on a sequential basis, profit declined from Rs.409 crore reported in the March quarter.

Revenue from operations stood at Rs.10,589 crore during the reporting quarter, rising 46% YoY from Rs.7,268 crore. However, it was 3% lower on a quarter-on-quarter (QoQ) basis.

Revenue contribution from studded jewellery, which typically carries higher profit margins, declined during t...