Kalyan Jewellers Shines: Citi Maintains 'Buy' Rating with ₹650 Target
Kalyan Jewellers receives a 'Buy' rating from Citi with a ₹650 price target. The company plans to open 90 new stores by FY2026 and aims to repay ₹350 crore of debt. Q4 results show 36.50% YoY profit growth to ₹187.60 crore and 36.60% revenue growth to ₹6,181.50 crore. A final dividend of ₹1.50 per share for FY2025 has been announced.
09May 25
Kalyan Jewellers Unveils Ambitious Expansion Plans and Profit Margin Targets
Kalyan Jewellers announces plans to open 80 new Candere brand showrooms across India in the current financial year, using both FOCO and COCO models. The company aims to achieve profit before tax margins exceeding 5.00%, signaling a strong growth strategy in the Indian jewelry market.
09May 25
Kalyan Jewellers Aims for Debt Reduction and Aggressive Expansion in FY2024
Kalyan Jewellers plans to reduce its debt in India by ₹350-400 crore this financial year while simultaneously opening 170 new showrooms across its Kalyan Jewellers and Candere brands. This strategy aims to strengthen the company's financial position and expand its market presence in the Indian jewelry retail sector.
Kalyan Jewellers India posted strong Q4 FY25 results with a 36% increase in consolidated net profit to ₹188.00 crore and a 37% rise in operating revenue to ₹6,182.00 crore. The company's growth was driven by strong performance in both Indian and Middle East markets. For the full year FY25, consolidated revenue grew 35% to ₹25,045.00 crore, while net profit increased by 20% to ₹714.00 crore. A final dividend of ₹1.50 per share was announced, leading to a 3% gain in share price despite overall market tensions.
08May 25
Kalyan Jewellers Shines: FY25 Profit Rises 19.79%, Revenue Up 35%
Kalyan Jewellers has reported strong financial results for FY25. Consolidated revenue increased by 35% YoY to ₹25,045.00 crore, while Profit After Tax (PAT) grew by 19.79% to ₹714.00 crore. Q4 FY25 saw a 36% increase in net profit to ₹187.60 crore and a 37% rise in revenue to ₹6,181.50 crore. The company's Indian operations and Middle East segment showed robust growth, while its e-commerce platform Candere reported a net loss.
07May 25
Kalyan Jewellers Sets Q4 Results Date, Dividend Decision on the Horizon
Kalyan Jewellers will announce its Q4 and FY25 financial results on May 8, 2025. The board will consider recommending a final dividend. An earnings call is scheduled for 5:00 PM on the same day. The trading window for designated persons is closed until 48 hours after the results declaration.
07Apr 25
Kalyan Jewellers Reports 37% Revenue Growth in Q4 FY2025
Kalyan Jewellers India Limited announced a 37% year-over-year consolidated revenue growth for Q4 FY2025. India operations grew by 39%, while Middle East operations increased by 24%. The company expanded its presence with 25 new Kalyan showrooms in India and 14 new Candere showrooms. Same-store-sales-growth in India was approximately 21%. The company plans to open 170 new showrooms in FY 2026. Wedding-related purchases drove strong growth in India, while the Middle East contributed 12% to consolidated revenue. Candere, the digital platform, faced challenges with a 22% revenue decline.