Business Standard

Kalyan Jewellers India Ltd News

Kalyan Jewellers revenue growth surges 27% in Q1 FY25, plans expansion

Kalyan Jewellers on Friday reported a 27 per cent year-on-year increase in consolidated revenue for the first quarter of the financial year 2024-25, driven by strong performance in both Indian and Middle Eastern markets. The company had reported a consolidated net revenue of Rs 4,376 crore in the first quarter (April-June) of the 2023-24 fiscal year. India operations saw a 29 per cent revenue growth during the first quarter of this fiscal, compared to the corresponding quarter of the previous fiscal year, with a 12 per cent same-store-sales growth, the company said in a regulatory filing. The revenue from Middle East operations was up 16 per cent, contributing 15 per cent to the consolidated revenue. The company said 13 new franchisee-owned-company-operated (FOCO) showrooms were opened during the April-June period this year in India, while the digital platform Candere recorded a 13 per cent revenue growth. The company said it plans to convert its Candere business into a wholly-own

Kalyan Jewellers revenue growth surges 27% in Q1 FY25, plans expansion
Updated On : 05 Jul 2024 | 11:55 AM IST

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here

Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here
Updated On : 19 Jun 2024 | 1:11 PM IST

Kalyan Jewellers to invest Rs 42 crore to complete Candere buyout

Kalyan Jewellers said on Monday it will acquire the remaining 15 per cent stake in its e-commerce subsidiary Enovate Lifestyles, which operates under the brand Candere, for Rs 42 crore. The deal, to be completed in three tranches, will make Candere a wholly owned unit as Kalyan Jewellers shifts focus from pure e-commerce to an omnichannel strategy, the company said in a regulatory filing. Kalyan Jewellers first acquired a majority stake in Candere in 2017 to enter the online jewellery market. The latest transaction involves buying 57,320 equity shares from existing shareholder Rupesh Jain. "We're excited to explore an emerging market segment within the jewellery industry, focusing on lightweight, fashion-forward designs," Managing Director T S Kalyanaraman said. Candere, which reported an annual revenue of Rs 130.3 crore in the 2023-24 fiscal, launched 11 physical showrooms last year and plans to quadruple its offline presence this fiscal.

Kalyan Jewellers to invest Rs 42 crore to complete Candere buyout
Updated On : 03 Jun 2024 | 9:57 PM IST

Kalyan Jewellers Q4 results: PAT rises 97%, operational revenue up 34%

Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer's PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the company grew 34 per cent during the quarter under review at Rs 4,534.93 crore as against Rs 3,381.80 crore in the corresponding quarter of the previous year. The board of directors of the company has recommended a final dividend of Rs 1.2 per equity share for the financial year ended March 31, 2024, subject to the approval of shareholders. This represents a payout in excess of Rs 120 crore, more than 20 per cent of the net profit generated during FY24, the company added. "We completed an excellent financial year and have started the new year on a strong note despite continuing volatility in gold prices. We are witnessing encouraging momentum in consumer demand, especially around

Kalyan Jewellers Q4 results: PAT rises 97%, operational revenue up 34%
Updated On : 10 May 2024 | 6:36 PM IST

Should you buy gold-related stocks on Akshaya Tritiya? Check key levels

Titan, Kalyan Jewellers, PC Jeweller among others trade with a negative bias; these support levels can help you plan your trading strategy here.

Should you buy gold-related stocks on Akshaya Tritiya? Check key levels
Updated On : 10 May 2024 | 9:02 AM IST

Titan, Kalyan Jewellers' Q4 business updates point to bright prospects

Titan added 29 new stores (Tanishq 11 new stores and Mia 18) with 27 in India and one each in Dubai and Chicago, plus 44 new W&W stores

Titan, Kalyan Jewellers' Q4 business updates point to bright prospects
Updated On : 08 Apr 2024 | 8:38 PM IST

Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand

Kalyan Jewellers on Friday reported 34 per cent increase in consolidated revenue for the quarter ended March and a 31 per cent growth in the entire 2023-24 fiscal driven by better demand despite rise in gold prices. The company did not provide the actual revenue figures reported for the fourth quarter and entire FY24. Kochi-based Kalyan Jewellers, which has 253 showrooms across India and the Middle East, had posted a revenue of nearly Rs 3,400 crore during the fourth quarter of the last fiscal, and Rs 14,109.33 crore revenue for the entire 2022-23. "The recently concluded quarter has been a very encouraging one, having witnessed continued robust momentum in both footfalls and revenue across all our markets in India and the Middle East despite a sharp rise in gold price during the second half of the quarter," the company said in a regulatory filing. Kalyan Jewellers said it saw a revenue growth of approximately 38 per cent for India operations during fourth quarter of FY24 as compar

Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand
Updated On : 05 Apr 2024 | 6:41 PM IST

This jewellery stock has zoomed over 300% in last 10 months on firm outlook

In the past 10 months, the market value of Kalyan Jewellers has jumped over four-fold or 305 per cent from a level of Rs 105.65 amid strong financial performance

This jewellery stock has zoomed over 300% in last 10 months on firm outlook
Updated On : 28 Mar 2024 | 12:28 PM IST

Gold hits new high; Jewellery related shares dip up to 5% on demand worries

Gold futures scaled a new high of $2,150 per ounce in international markets on hopes of Fed rate cut; but domestic demand a concern for jewellers back home.

Gold hits new high; Jewellery related shares dip up to 5% on demand worries
Updated On : 06 Mar 2024 | 12:55 PM IST

Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore

Private equity major Warburg Pincus on Thursday divested an 8.4 per cent stake in Kalyan Jewellers India for Rs 2,937 crore through open market transactions. The US-based Warburg Pincus through its arm Highdell Investment Ltd sold shares of Kalyan Jewellers India on the National Stock Exchange (NSE) and the BSE. Kalyan Jewellers India is into manufacture and sale of gems and jewellery. As per bulk and block deal data available on the exchanges, Highdell Investment disposed of 1.80 crore shares on the BSE. Similarly, Highdell Investment also offloaded more than 6.87 crore shares in three tranches on the NSE. Around 8.67 crore shares sold represent an 8.42 per cent stake in Kalyan Jewellers India. The shares were sold at an average price of Rs 344.42 apiece on the BSE, while the shares were disposed of within the price range of Rs 334-339.59 apiece on the NSE, taking the combined deal size to Rs 2,936.96 crore. After the latest transaction, Highdell Investment's shareholding in Ka

Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore
Updated On : 08 Feb 2024 | 10:06 PM IST

Kalyan Jewellers Q3 results: Consolidated PAT rises 21.5% to Rs 180.37 cr

Kalyan Jewellers reported a 21.51 per cent growth in consolidated Profit After Tax (PAT) at Rs 180.37 crore for the December quarter. The company's PAT stood at Rs 148.43 crore during the year-ago period, the company said in a regulatory filing. Revenue from operations of the Thrissur-headquartered company grew 34.47 per cent during the third quarter of the ongoing fiscal to Rs 5,223.07 crore as against Rs 3,884.09 crore in the year-ago period. The jewellery retailer further stated the company's total revenue from its Middle East operations during the quarter under review was Rs 683 crore against Rs 641 crore a year ago, registering a growth of over 6 per cent. "Consolidated revenue growth for the first nine months of the current fiscal is around 31 per cent and revenue growth in India is 36 per cent driven by robust network expansion along with healthy same-store-sales-growth," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said. "The ongoing quarter has also start

Kalyan Jewellers Q3 results: Consolidated PAT rises 21.5% to Rs 180.37 cr
Updated On : 31 Jan 2024 | 3:57 PM IST