Page 3 - Jewellery Shares

Senco Gold Q3 results: Profit after tax increases 6% at Rs 109.32 crore

Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company's profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory filing on Tuesday. The company's revenue from operations grew by 23.3 per cent during the quarter under review at Rs 1,652.20 crore, compared to Rs 1,339.63 crore in the same period of the previous year. "Our consistent performance demonstrates our robust execution capability, operational prudence and financial rigour. We achieved the highest-ever third quarter revenue of Rs 1,652 crore recording quarter-on-quarter (QOQ) growth of 43 per cent and year-on-year (YoY) growth of 23 per cent... "The new showroom launches of 18 so far have also led to investment in working capital out of our internal accruals, IPO funds and incremental borrowing. We thus remain dedicated t

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

Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%

Senco Gold, too, hit a new high of Rs 840 as it zoomed 14 per cent on the back of over six-fold jump in its average trading volumes

Senco Gold hits new high; zooms 86% in 8 weeks on strong earnings hope

Gold prices moved southwards in Q2 based on muted gold demand globally and in lndia, which also helped in volume growth, Senco Gold said.

Stock of this smallcap jewellery company has zoomed nearly 100% in 3 weeks

Shares of SKY Gold hit a new high of Rs 590.20, and have rallied 97 per cent in three weeks from a level of Rs 299.15 on September 25, 2023.

Kalyan Jewellers trades near record high, up 11% on strong Q2 biz update

The company said it continues to witness robust momentum in both footfalls and revenue across all its markets in India and the Middle East.

Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks

Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.

Tata Group owned Titan Co to pay $560 million to raise stake in CaratLane

Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members

TMS Ep479: MDI, privatisation drive stalled, jewellery stocks, and more

What does multidimensional poverty report mean for India? Why has the government's privatisation drive stalled? Will stocks of gold jewellery retailers sustain their rally? What are sponge cities?

Titan hits new high, surges 3% on strong June quarter business update

The company's jewellery division witnessed a satisfactory performance and grew 21 per cent YoY in the April-June quarter

Ahead of IPO, Senco Gold collects over Rs 121 cr from anchor investors

Jewellery retail player Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors ahead of its initial share sale. The company has allocated 38.33 lakh shares to 21 funds at an average price of Rs 317 apiece, according to a circular uploaded on the BSE website. BNP Paribas Arbitrage, Societe Generale, Elara India Opportunities Fund, 3P India Equity Fund 1, Nippon India Mutual Fund (MF), WhiteOak Capital MF, Sundaram MF, Bandhan MF, Jupiter India Fund and Max Life Insurance Company are among the anchor investors. Senco Gold's Rs 405-crore Initial Public Offer (IPO) comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares worth Rs 135 crore by shareholder SAIF Partners India IV Ltd. At present, SAIF Partners has a 19.23 per cent stake in the jewellery retail chain. The issue, with a price band of Rs 301 to Rs 317 apiece, will open for public subscription on July 4 and conclude on July 6. Of the R

Kalyan Jewellers surges 12% after 6% equity change hands via block deals

About 6.41 million shares representing 6.2 per cent of total equity of the company changed hands on the NSE via block deals in pre-opening trade, the exchange data shows.

Titan Company hits record high; surges 6% in one week on stable outlook

Titan's revenue to continue to record a healthy YoY growth over the next 2-3 years, driven by accelerated formalisation of the jewellery retail industry.

Goldiam Int'l soars 16% after Ashish Kacholia buys stake in Dec quarter

As on December 31, 2022, Ashish Kacholia's stake in Goldiam International stood at 1.01%, against nil or below 1% at the end of September quarter, data shows.

Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3

The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand.

Stock price of this SME company has zoomed 311% against its issue price

Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.

Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days

The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.

Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts

So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.

Should you buy stocks of jewellery retailers this Dhanteras?

The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?

Should you buy stocks of jewellery retailers this Dhanteras?

The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?