| Quarterly Financials | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 2,181 | 796 | 1,811 | 2,944 | 3,069 | 1,642 | 2,894 | 3,453 | 2,869 | 3,341 | 3,481 | 3,891 | 3,396 | 4,387 | 4,428 | 5,243 | 4,564 | 5,558 | 6,092 | 7,318 | 6,222 | 7,315 | 7,907 |
| Expenses | 1,961 | 722 | 1,780 | 2,648 | 2,829 | 1,568 | 2,661 | 3,136 | 2,639 | 3,068 | 3,207 | 3,557 | 3,158 | 4,053 | 4,101 | 4,853 | 4,229 | 5,160 | 5,738 | 6,848 | 5,782 | 6,761 | 7,359 |
| EBITDA | 220 | 74 | 31 | 295 | 240 | 74 | 233 | 316 | 230 | 272 | 275 | 334 | 238 | 335 | 327 | 390 | 335 | 398 | 353 | 470 | 440 | 554 | 548 |
| Operating Profit % | 8 % | 8 % | 1 % | 10 % | 7 % | 4 % | 8 % | 9 % | 8 % | 8 % | 8 % | 8 % | 7 % | 7 % | 7 % | 7 % | 7 % | 7 % | 5 % | 6 % | 6 % | 7 % | 6 % |
| Depreciation | 60 | 60 | 56 | 55 | 55 | 58 | 57 | 59 | 58 | 59 | 60 | 62 | 63 | 64 | 67 | 70 | 74 | 76 | 85 | 89 | 93 | 98 | 103 |
| Interest | 93 | 91 | 99 | 99 | 87 | 81 | 84 | 82 | 76 | 71 | 74 | 77 | 80 | 82 | 82 | 82 | 78 | 85 | 90 | 88 | 96 | 104 | 95 |
| Profit Before Tax | 67 | -77 | -123 | 142 | 99 | -65 | 92 | 176 | 96 | 142 | 140 | 195 | 95 | 189 | 178 | 239 | 184 | 238 | 178 | 294 | 251 | 353 | 350 |
| Tax | 19 | 9 | 13 | 26 | 25 | -14 | 23 | 41 | 24 | 34 | 35 | 46 | 25 | 45 | 43 | 58 | 46 | 60 | 48 | 75 | 63 | 89 | 90 |
| Net Profit | 48 | -86 | -136 | 116 | 74 | -51 | 69 | 135 | 72 | 108 | 106 | 148 | 70 | 144 | 135 | 180 | 138 | 178 | 130 | 219 | 188 | 264 | 261 |
| EPS in ₹ | 0.57 | -1.01 | -1.62 | 1.20 | 0.87 | -0.50 | 0.67 | 1.31 | 0.70 | 1.05 | 1.03 | 1.44 | 0.68 | 1.40 | 1.31 | 1.75 | 1.34 | 1.73 | 1.27 | 2.12 | 1.82 | 2.56 | 2.52 |
Kalyan Jewellers
Kalyan Jewellers
504.10
+4.50
(0.90%)
Key Fundamentals
Market Cap
52,050.98 Cr
EPS
6.93
PE Ratio
55.39
Dividend Yield
0.30 %
Industry
Consumer Goods 52 Week High
795.40
52 Week Low
399.40
PB Ratio
9.66
Debt to Equity
1.05
Sector
Jewellery & Watches Analyst Rating and Forecast
- By Refinitiv from9 analysts
Actual
Company News
View All News
Kalyan Jewellers India Limited has issued a postal ballot notice seeking shareholder approval to amend its Employee Stock Option Plan 2020 (ESOP 2020). The company proposes to increase the aggregate number of employee stock options from 30 lakh to 60 lakh, exercisable into an equal number of equity shares with face value of Rs. 10 each. The e-voting period runs from November 15, 2025 to December 14, 2025, with results to be declared by December 16, 2025. The cut-off date for eligible voting members is November 8, 2025. The amendment requires special resolution approval and aims to provide opportunities for more employees to participate in the company's growth. Each option converts to one equity share upon exercise, with a maximum of 12 lakh options per employee. The exercise period spans 5 years from vesting date, with vesting occurring between 1-3 years from grant date.
Kalyan Jewellers India reported consolidated net profit of 2.61 billion rupees in Q2, compared to 1.31 billion rupees in the same quarter last year. Revenue increased to 78.56 billion rupees from 60.58 billion rupees year-on-year. EBITDA rose to 4.97 billion rupees versus 3.2 billion rupees, while EBITDA margin improved to 6.33% from 5.27% in the previous year's corresponding quarter.
Kalyan Jewellers Projects 18-20% Revenue Growth in FY26 with Aggressive Store Expansion Plan
Nov 07, 2025
Nov 07, 2025Kalyan Jewellers has projected revenue growth of 18-20% for FY26, supported by store expansion across India and the Middle East. The company plans to add 30 new stores annually, including franchise outlets. The jewellery retailer expects margin stability through gold exchange programs and premiumization strategies. The company is focusing on omni-channel integration and working capital optimization to support long-term value creation.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,902.40 | #1 3,46,449.67 | 84.56 | 60,942.00 | 18.07 | #1 3,337 | 59.09 | 68.11 | |
504.10 | #2 52,050.98 | #8 55.39 | #3 25,189.70 | #3 35.27 | #2 714 | #5 99.92 | 52.48 | |
3,161.20 | 9,825.65 | 53.78 | 4,916.30 | 28.29 | 119 | #1 434.29 | 68.56 | |
638.95 | 8,671.08 | 29.24 | 7,728.60 | 26.30 | 218 | 127.22 | 45.59 | |
2,849.70 | 7,625.14 | 80.45 | 1,275.90 | 24.77 | 96 | 11.74 | 52.22 | |
191.15 | 5,643.89 | 42.20 | #1 4,23,099.00 | 50.61 | 95 | 128.29 | 62.96 | |
350.75 | 5,431.85 | 29.46 | 3,581.00 | #1 104.72 | 133 | 82.56 | 53.82 | |
320.10 | 5,240.62 | #1 21.20 | 6,382.60 | 20.80 | 159 | 303.31 | 41.41 | |
389.10 | 4,393.63 | 30.97 | 800.60 | 29.82 | 117 | 42.08 | 59.75 | |
244.60 | 4,080.62 | 22.91 | 3,407.60 | 11.08 | 153 | 70.86 | 44.63 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
35.27 %
Net Income Growth
19.77 %
Cash Flow Change
-8.50 %
ROE
4.42 %
ROCE
-1.65 %
EBITDA Margin (Avg.)
-11.29 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 8,551 | 8,060 | 8,219 | 8,865 | 8,945 | 10,713 | 12,818 | 15,126 |
| Fixed Assets | 1,879 | 2,152 | 2,167 | 1,899 | 1,921 | 1,903 | 2,299 | 2,846 |
| Current Assets | 6,471 | 5,713 | 5,898 | 6,710 | 6,841 | 8,516 | 9,949 | 11,399 |
| Capital Work in Progress | 18 | 22 | 24 | 53 | 2 | 21 | 49 | 8 |
| Investments | 1 | 3 | 0 | 0 | 1 | 4 | 4 | 5 |
| Other Assets | 6,654 | 5,884 | 6,027 | 6,913 | 7,021 | 8,785 | 10,465 | 12,267 |
| Total Liabilities | 8,551 | 8,060 | 8,219 | 8,865 | 8,945 | 10,713 | 12,818 | 15,126 |
| Current Liabilities | 5,762 | 5,197 | 5,278 | 5,372 | 5,182 | 6,369 | 7,583 | 8,811 |
| Non Current Liabilities | 822 | 862 | 783 | 667 | 625 | 710 | 1,047 | 1,512 |
| Total Equity | 1,968 | 2,001 | 2,158 | 2,827 | 3,138 | 3,635 | 4,188 | 4,804 |
| Reserve & Surplus | 1,012 | 1,046 | 1,203 | 1,796 | 2,107 | 2,605 | 3,159 | 3,772 |
| Share Capital | 958 | 958 | 958 | 1,030 | 1,030 | 1,030 | 1,030 | 1,031 |
Cash Flow
| Cash Flow | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -22 | -28 | 11 | 204 | -216 | -8 | 37 | 193 |
| Investing Activities | -615 | -124 | 34 | -217 | 64 | -384 | -137 | -177 |
| Operating Activities | 1,043 | 389 | 320 | 629 | 245 | 1,013 | 1,322 | 1,209 |
| Financing Activities | -450 | -293 | -343 | -208 | -524 | -638 | -1,148 | -840 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 60.53 % | 60.53 % | 60.54 % | 60.54 % | 60.54 % | 60.54 % | 60.54 % | 60.54 % | 60.55 % | 60.55 % | 60.55 % | 60.55 % | 60.63 % | 60.59 % | 62.90 % | 62.85 % | 62.85 % | 62.82 % | 62.78 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 26.36 % | 23.82 % | 17.59 % | 17.59 % | 17.59 % | 21.11 % | 21.19 % | 15.75 % | 16.37 % | 16.89 % | 16.83 % | 14.12 % |
| DIIs | 1.49 % | 1.43 % | 1.70 % | 1.88 % | 1.56 % | 1.78 % | 2.40 % | 2.89 % | 2.63 % | 4.52 % | 4.86 % | 4.50 % | 11.00 % | 11.76 % | 13.74 % | 13.58 % | 11.97 % | 13.33 % | 14.56 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 5.17 % | 6.33 % | 7.04 % | 6.54 % | 6.98 % | 6.62 % | 5.57 % | 5.53 % | 5.04 % | 5.11 % | 6.11 % | 5.94 % | 5.48 % | 5.41 % | 6.47 % | 6.08 % | 7.21 % | 6.21 % | 7.11 % |
| Others | 32.81 % | 31.71 % | 30.72 % | 31.04 % | 30.93 % | 31.06 % | 31.50 % | 4.68 % | 7.96 % | 12.22 % | 10.88 % | 11.42 % | 1.78 % | 1.05 % | 1.15 % | 1.12 % | 1.09 % | 0.81 % | 1.43 % |
| No of Share Holders | 7 | 2,89,671 | 2,87,585 | 2,67,623 | 2,71,583 | 2,61,952 | 2,16,073 | 2,11,215 | 2,24,401 | 2,53,152 | 3,55,696 | 3,71,648 | 3,70,812 | 4,03,405 | 5,53,774 | 5,70,984 | 7,86,781 | 6,87,905 | 7,15,743 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.5 | 1.2 | 1.5 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.26 | 0.3 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 06 Aug 2023 |  Dividend | ₹ 0.50 /share | 04 Aug 2023 | 108.65 | 170.60 |
| 12 Aug 2023 |  Annual General Meeting | NA | 12 Aug 2023 | 148.45 | 202.40 |
| 10 Aug 2024 | Dividend | ₹ 1.20 /share | 09 Aug 2024 | 397.45 | 538.60 |
| 17 Aug 2024 | Annual General Meeting | NA | 17 Aug 2024 | 530.40 | 572.55 |
| 13 Nov 2024 |  Quarterly Result Announcement | NA | 13 Nov 2024 | 751.10 | 704.30 |
| 30 Jan 2025 | Quarterly Result Announcement | NA | 30 Jan 2025 | 572.65 | 449.40 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 494.10 | 522.65 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 578.85 | 589.00 |
| 05 Sept 2025 | Dividend | ₹ 1.50 /share | 04 Sept 2025 | 522.65 | 501.70 |
| 12 Sept 2025 | Annual General Meeting | NA | 12 Sept 2025 | 527.65 | 505.70 |
| 07 Nov 2025 | Quarterly Result Announcement | NA | 07 Nov 2025 | 481.90 | 512.50 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation12 hours ago
12 hours agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication6 days ago
6 days agoPostal Ballot Notice7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationNov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 07, 2025
Nov 07, 2025Board Meeting Outcome for Outcome Of Board Meeting_Q2 ResultsNov 07, 2025
Nov 07, 2025Q2 ResultsNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 14, 2025
Oct 14, 2025Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI Listing Obligations And Disclosure Requirements Regulations 2015Oct 09, 2025
Oct 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Quarterly Update - Q2Oct 06, 2025
Oct 06, 2025Closure of Trading WindowSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 14, 2025
Sep 14, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 12, 2025
Sep 12, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 26, 2025
Aug 26, 2025Announcement Under Regulation 30 Of SEBI LODRAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025General UpdateAug 15, 2025
Aug 15, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 14, 2025
Aug 14, 202517Th AGM NoticeAug 14, 2025
Aug 14, 2025Reg. 34 (1) Annual Report.Aug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Record DateAug 11, 2025
Aug 11, 2025Intimation Of 17Th AGMAug 11, 2025
Aug 11, 2025Response LetterAug 11, 2025
Aug 11, 2025Clarification sought from Kalyan Jewellers India LtdAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 07, 2025
Aug 07, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 07, 2025
Aug 07, 2025Financial ResultsAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 14, 2025
Jul 14, 2025Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI Listing Obligations And Disclosure Requirements Regulations 2015Jul 10, 2025
Jul 10, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 07, 2025
Jul 07, 2025Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Credit RatingJun 25, 2025
Jun 25, 2025Closure of Trading WindowJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 13, 2025
Jun 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 01, 2025
Jun 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2025
May 22, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 16, 2025
May 16, 2025Mutual Fund Holdings
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HDFC Arbitrage Fund Wholesale Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
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UTI Arbitrage Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 49.16
ATR(14)
Volatile 12.66
STOCH(9,6)
Oversold 18.32
STOCH RSI(14)
Oversold 10.47
MACD(12,26)
Bearish -2.10
ADX(14)
Weak Trend 19.03
UO(9)
Bearish 47.85
ROC(12)
Downtrend But Slowing Down -1.98
WillR(14)
Neutral -68.08
About Kalyan Jewellers
Kalyan Jewellers India Limited is a large jewelry company founded in 1993 by T. S. Kalyanaraman. The company designs, manufactures, and sells a wide range of gold, studded, and other jewelry products across various price points. It operates 149 showrooms in India and 33 in the Middle East, totaling 182 showrooms as of March 31, 2023. The company offers multiple brands including Mudhra, Nimah, Anokhi, Rang, Tejasvi, Ziah, Laya, Glo, Candere, Vedha, Apoorva, and Hera. Their product range includes chains, necklaces, bangles, rings, earrings, and various other jewelry items made from gold, diamond, silver, platinum, gemstones, white gold, and rose gold. Kalyan Jewellers has one domestic and eight overseas subsidiaries.
Listing Date
26 Mar, 2021(4 Years,
-6 days)
Chairperson NameVinod Rai
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