Page 5 - Kalyan Jewellers

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.

Kalyan Jewellers India Q2 PAT up 54.02% at Rs 105.92 cr, revenue up 20.22%

Kalyan Jewellers India on Thursday reported a 54.02 per cent growth in consolidated profit after tax (PAT) at Rs 105.92 crore during the quarter ended September 30. The jewellery retailer's PAT stood at Rs 68.77 crore during the corresponding period of the previous financial year, Kalyan Jewellers India said in a regulatory filing. Revenue from operations of the company grew by 20.22 per cent during the quarter under review to Rs 3,472.91 crore, compared to Rs 2,888.69 crore in the same period a year-ago. Meanwhile, in the Middle East, total revenue from operations of the company during the second quarter of FY23 was at Rs 601 crore, as against Rs 360 crore in the same period last year. Retail expansion of the brand continued in the July-September quarter, with the launch of five new showrooms all in the non-South markets in the country. This includes the launch of the first physical experience center of its e-commerce platform -- Candere, the company said. As of September 30, 2

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?

Analysts bullish on stocks of jewellery retailers for the long-term

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

Kalyan Jewellers sees 20% revenue growth in Sept qtr despite challenges

Jewellery retailer Kalyan Jewellers on Friday said it has registered a consolidated revenue growth of 20 per cent during the second quarter of FY23 despite various economic challenges triggered by the geopolitical situation. "We recorded consolidated revenue growth of approximately 20 per cent in Q2 FY23 as compared to the same period in the previous financial year, and approximately 50 per cent in H1 FY23, compared to the same period in the previous financial year," Kalyan Jewellers said in a statement. While the recently concluded quarter saw heightened levels of competitive intensity across various markets resulting in a lower gross margin than it was seen previously, the company continued to see robust operating momentum in its India business, driven by shift in demand towards branded retail chains, the company said. "As previously disclosed, we have developed a strategy and execution roadmap for our newly created franchise store initiative, and had opened our first franchised .

Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India

Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time

With the industry's formalisation and mandatory hallmarking by the Government, the company said that they are well-poised to capitalise on emerging opportunities and demands in the coming years.

Titan, Kalyan: Jewellery stocks to dazzle in festive season, say analysts

Analysts see more upside for jewellery stocks as festive demand kicks in post the correction of gold prices

Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

Kalyan Jewellers posts Q1 consolidated PAT at Rs 108 cr; revenue jumps 104%

Jewellery retailer Kalyan Jewellers India on Thursday reported a consolidated profit after tax (PAT) of Rs 107.77 crore for the quarter ended June

Kalyan Jewellers reports robust revenue growth of over 65% in June quarter

Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all our markets in India and the Middle East in the first quarter of this financial year.

Kalyan Jewellers to raise up to $ 200 mn, overseas bond gets S&P 'B' rating

Raised funds by Kalyan Jewellers will be used for refinancing borrowings, payment of transaction fees, and general corporate purposes.

Kalyan Jewellers appoints former CAG Vinod Rai as Chairman

Rai has been awarded the Padma Bhushan, India's third highest civilian award, in recognition of his services to the country

Kalyan Jewellers to accelerate expansion through franchise model in H1 FY23

Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion, according to a top company executive.