Page 4 - Kalyan Jewellers

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.

Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months

The management is upbeat about the upcoming new showroom launches and said they are gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country

Kalyan Jewellers logs 33% surge in profit for Q1 on seasonal demand

Kalyan Jewellers India reported on Wednesday a 33% surge in its first-quarter profit, underpinned by premium pricing and improved demand during the festive season

Kalyan Jewellers jumps 5% to hit record high on solid Q1 results

So far this calendar year, the stock of this Kerala-based company surged 49 per cent, as against an 8 per cent rise in the S&P BSE Sensex

Kalyan Jewellers to open 11 new showrooms this month across many states

Kalyan Jewellers India Ltd will open 11 new showrooms this month as part of the expansion plan. In a regulatory filing, the company announced its expansion plan for August across India with 11 new showrooms. "With this expansion, the jewellery brand will mark the milestone of its 200th showroom launch... in Jammu." Kalyan Jewellers is currently present across 22 states and union territories in India as well as 4 countries in the Middle East. It currently has 76 showrooms in South India, 48 showrooms in North and Central India, 23 in West India, 16 outlets in East India, and 33 in the Middle East. "The company is all set to expand its operations across key non-South markets, symbolising its commitment to broadening the footprint and plans to further solidify its presence at a Pan-India level," the company said. The upcoming showroom launches scheduled for August include Patna, Nawada, Sitamarhi, and Arrah in Bihar, Faridabad and Panipat in Haryana, Anand in Gujarat, Dehradun in ...

Firm buying to keep the rally going in gold jewellery stocks, say analysts

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

A nugget worth prospecting: Why Kalyan is being seen as a gold mine

Stock up over 60% in a month on strong sales, asset-light network expansion

Suzlon, BSE: 5 Nifty 500 stocks gained over 15% in July, expect more upside

Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.

Kalyan Jewellers extends rally on strong Q1 biz update; zooms 59% in 1 mth

In the past week, the stock has rallied 18 per cent after the company reported over 30 per cent consolidated revenue growth for the June quarter (Q1FY24)

Highdell Investment sells 6.2% stake in Kalyan Jewellers for Rs 725 cr

Highdell Investment, owned by US-based private equity major Warburg Pincus, on Friday divested a 6.2 per cent stake in Kalyan Jewellers India Ltd for Rs 725 crore through an open market transaction. Franklin Templeton Mutual Fund (MF), Sundaram MF, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, and Employees Provident Fund, among others, were the buyers of the shares of Kalyan Jewellers. Following the deal, shares of Kalyan Jewellers zoomed 17.16 per cent to close at Rs 133.80 per piece on the National Stock Exchange (NSE). According to the block deal data available with the NSE, Highdell Investment sold a total of 6,41,02,561 shares, amounting to a 6.2 per cent stake in the jeweller chain company. The shares were disposed of at an average price of Rs 113.10 apiece, taking the transaction size to Rs 724.99 crore, as per the data. Post the latest transaction, Highdell's shareholding has been reduced to 17.6 per cent from 23.82 per cent stake at the end of March. In Mar

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.

Kalyan Jewellers net profit dips 3.11% YoY in Jan-Mar to Rs 697.99 cr

Kalyan Jewellers India Ltd on Monday posted a 3.11 per cent drop in its consolidated net profit at Rs 697.99 crore during the fourth quarter of the 2022-23 fiscal, largely due to higher expenses. The company had clocked a net profit of Rs 720.40 crore in the quarter ended March 31, 2022, according to a regulatory filing. The company's total income rose to Rs 3,396.42 crore during the fourth quarter of the 2022-23 fiscal, from Rs 2,868.52 crore in the year-ago period, but expenses remained higher at Rs 3,268.47 crore, as against Rs 2,772.64 crore in the said period. In the filing, Kalyan Jewellers showed Rs 33.35 crore as exceptional item against sale of two aircraft owned by the company as part of the management's overall strategy to dispose of non-core assets. However, for the entire 2022-23 fiscal, the company said its consolidated profit almost doubled to Rs 431.93 crore, higher than Rs 224.03 crore in the previous financial year. Total income increased to Rs 14,109.33 crore in

Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr

Highdell Investment, which is owned by private equity major Warburg Pincus, on Tuesday divested 2.26 per cent stake in Kalyan Jewellers India Ltd for little over Rs 256 crore through an open market transaction. Following the deal, shares of Kalyan Jewellers plunged 9.06 per cent to settle at Rs 107.9 on the National Stock Exchange (NSE). According to bulk deal data available with the NSE, Highdell Investment sold a total of 2,33,25,686 shares of the jewellery chain company, amounting to 2.26 per cent stake in the company. The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data. However, the buyer of the shares could not be ascertained immediately. Highdell Investment owned 26.36 per cent stake in the company as of December quarter, latest shareholding data with the BSE showed. Kalyan Jewellers India Pvt Ltd is into manufacturing and sale of gems and jewellery. In December 2022, Kalyan Jewellers announced plans to

Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore

PE major's holding in the Thrissur-based gold retailer falls to 24.06% from 26.36%; Shares of Kalyan Jewellers dip 9.1% to end at Rs 107.9 on the NSE

Kalyan Jewellers tanks 11% on large block deal; over 39 mn shares exchanged

According to a media report, Warburg Pincus, one of the key investors in KJIL, was likely to offload a 2.5 per cent stake in the company through a block deal today

Kalyan Jewellers India Q3 consolidated PAT rises 10% to Rs 148.43 crore

Kalyan Jewellers India on Tuesday reported a 10.34 per cent growth in consolidated profit after tax (PAT) during the quarter ending December 31, 2022, at Rs 148.43 crore. The jewellery retailer's PAT stood at Rs 134.52 crore in the October-December quarter of the previous financial year, Kalyan Jewellers India said in a regulatory filing. The company recorded a 13.06 per cent growth in consolidated revenue during the quarter under review at Rs 3,884.09 crore against Rs 3,435.39 crore in the year-ago period. The India operations recorded EBITDA of Rs 276 crore for the quarter, compared to Rs 253 crore in the same period a year ago. The e-commerce division, Candere, recorded a revenue of Rs 44 crore for the quarter versus Rs 47 crore a year ago. Total revenue from operations in the Middle East grew by 24 per cent during the third quarter of FY23 was at Rs 641 crore against Rs 515 crore in the December quarter of the previous year. The Middle East region contributed around 16.5 per

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.

Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days

With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share

Kalyan Jewellers plans to add 52 showrooms in 2023, to expand footprint

Kalyan Jewellers India on Thursday said it is planning to expand its retail footprint by over 30 per cent in the next calendar year by adding 52 showrooms. The expansion will mainly focus on the non-South region, which currently contributes 35 per cent to the India business, the company said in a statement. The expansion will be majorly fuelled by franchisees. The company operates on FOCO (Franchise Owned Company Operated) model. It plans to scale up existing operations in all the metros and is also looking to extend its geographical footprint in tier II and III markets in the north, east and western regions. On the global front, Kalyan Jewellers said it is witnessing positive demand momentum and buoyant customer sentiments in the Middle Eastern business which contributes around 17 per cent to its consolidated revenue. The company is looking at initiating a pilot franchise model in the region, post which a robust expansion plan will be laid out for its international operations, it

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.