Kalyan Jewellers India Ltd (KALYANKJIL)

Kalyan Jewellers India Sees Volume Surge Amid Import Duty Reduction - 24 Jul, 2024

Kalyan Jewellers India Ltd's stock volume surged by 4.13 times its two-week average daily volume, while its stock price increased by 4.47%. The rise was attributed to the significant reduction in import duties on precious metals, which could lead to lower domestic market prices.

Kalyan Jewellers India Gains Following Customs Duty Cut - 23 Jul, 2024

Shares of Kalyan Jewellers India surged as much as 12% during intraday trades on Tuesday, following the Indian government's decision to reduce the basic customs duty on gold and silver to 6%. The move is expected to benefit the gems and jewellery industry, including leading player Kalyan Jewellers.

Motilal Oswal Gives Buy Call on Kalyan Jewellers India Ltd - 15 Jul, 2024

Kalyan Jewellers India Ltd reported a consolidated total income of Rs 4563.73 crore for Q1 2024, down -12.96% from the previous quarter and up 34.37% YoY. The company's net profit after tax was Rs 137.49 crore in the latest quarter. Promoters held 60.59% stake in the company as of June 30, 2024, while FIIs owned 21.18%, DIIs 11.75%. Motilal Oswal has set a target price of Rs 570.

Kalyan Jewellers Reports Strong Q1 Results and Plans US Debut - 06 Jul, 2024

Kalyan Jewellers reported a 27% YoY increase in consolidated revenue for Q1 FY2024-25, with Indian operations seeing a remarkable 29% revenue growth. The company plans to launch over 130 new showrooms in FY2025, including the first US showroom set to open by Diwali.

Kalyan Jewellers Reports Strong Q1 Results and Expansion Plans - 05 Jul, 2024

Kalyan Jewellers reported a 27% YoY increase in Q1 FY25 revenue, driven by strong performance in India and the Middle East. The company plans to open over 130 new showrooms, including its first US showroom by Diwali.

Kalyan Jewellers India Ltd Stock Slips 3.85% in Trade - 01 Jul, 2024

Shares of Kalyan Jewellers India Ltd fell by 3.85% to Rs 483, declining 11.56% from its record high of Rs 546.15. Despite the fall, analysts remain positive on the stock due to its strong showroom network and unaffected sales figures despite gold price hikes. The counter has potential to hit an upside target of Rs 530 in the near term.

Warburg Pincus to Make Part Exit from Kalyan Jewellers Investment - 30 Jun, 2024

Private equity firm Warburg Pincus is planning to make a partial exit from its investment in Kalyan Jewellers India Ltd, which is set to file draft papers for its proposed Rs 2,500 crore IPO in March.

Kalyan Jewellers India Ltd Shares Surge 27% - 29 Jun, 2024

Kalyan Jewellers India Ltd's share price has surged by 27% in a month, with an annual gain of 241%. The company's impressive revenue growth and estimated future growth have justified the high P/S ratio. Analysts predict a growth rate of 28% per annum for the next three years.

Kalyan Jewellers Share Price Surges Over 15% to Touch 52-Week High - 28 Jun, 2024

Kalyan Jewellers India Ltd's share price surged over 15% on Friday, touching a 52-week high of ₹546.15 and crossing the ₹50,000 crore market cap for the first time. The company has seen a 385% increase in its share price over the past 13 months. Brokerage firm Motilal Oswal initiated coverage on Kalyan Jewellers last week, noting the company's robust network of over 217 locations nationwide and bullish outlook on the jewelry market.

Kalyan Jewellers Acquires Remaining Stake in Candere - 26 Jun, 2024

Kalyan Jewellers has acquired the remaining 15% stake in online jewellery platform, Candere, for Rs 42 crore. The acquisition is part of Kalyan's strategy to diversify its customer base and tap into the market for lifestyle jewellery.