Latest news with #KalyanJewellers'
Mint
5 days ago
- Business
- Mint
Kalyan Jewellers share price jumps 6% following relief rally on Dalal Street. More upside possible?
Kalyan Jewellers' share price rose nearly 6% on Thursday, snapping a two-day losing streak. The stock gained as much as 5.99% to an intraday high of ₹ 546.50 apiece on the BSE, supported by strong buying interest and positive sentiment in the broader Indian stock market. Trading activity was robust, with around 1 crore equity shares of Kalyan Jewellers India changing hands across stock exchanges — significantly higher than the one-month average volume of 60 lakh shares. Last week, Kalyan Jewellers reported a 49% year-on-year (YoY) rise in consolidated net profit for the first quarter of FY26 to ₹ 264 crore, compared with ₹ 178 crore in the same period last year. The company's revenue from operations in Q1FY26 grew 31% to ₹ 7,268 crore from ₹ 5,528 crore in the corresponding quarter of the previous fiscal. After the Q1 results, Kalyan Jewellers share price had slumped over 10% in a single session on August 8. Kalyan Jewellers share price witnessed a sharp negative reaction, forming a lower high on the charts — a clear sign of waning bullish momentum, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'The price structure now favors sellers, and any rally toward the ₹ 575 zone should be viewed as a fresh selling opportunity. A breakdown from current levels is likely to accelerate downside momentum, with ₹ 400 and lower emerging as probable targets in the near term,' Jain said. According to him, unless Kalyan Jewellers share price reclaims key resistance levels with strong volumes, the broader bias remains bearish. Kalyan Jewellers share price has fallen 8% in one month, but has rallied 11% in six months. The stock is down 30% on a year-to-date (YTD) basis, and has dropped 5% in one year. However, in the long run, Kalyan Jewellers share price has delivered stellar returns. The stock has jumped 60% in two years and has generated multibagger returns of 675% in three years. At 1:45 PM, Kalyan Kewellers share price was trading 4.64% higher at ₹ 539.50 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
12-08-2025
- Entertainment
- News18
Hundreds throng as Akshay Kumar inaugurates a showroom in Jammu
Jammu, Aug 12 (PTI) Akshay Kumar drew a huge crowd of enthusiastic fans who waited for hours in overcast conditions to catch a glimpse of the actor as he unveiled a new showroom here. Fans including men, women and children from the city and outside J&K gathered in anticipation of the actor's arrival to inaugurate Kalyan Jewellers' showroom at Dogra Chowk here. Kumar, whose upcoming film 'Jolly LLB 3" is scheduled to release on September 19, thanked the people of Jammu for their warm welcome. 'Jai Mata Di", the actor said as he reached the stage and announced that he had reached on time and there should be no complaint from anyone. 'I am delighted to be here today for the inauguration of Kalyan Jewellers' grand flagship showroom. It is a privilege to represent Kalyan Jewellers, a brand deeply rooted in the values of trust, transparency, and customer focus," he said. The actor reciprocated the chants of 'I love you" from the fans and also repeated 'Khand Meethe Log Dogre' – the phrase coming from the folk song 'O Mithi Dogre Di Boli Te Khand Mithe Log Dogre," meaning 'Sweet is the Dogri tongue sweet are the Dogras." One of the fans informed the actor that she had come all the way from Pune on hearing that he is visiting her birth place to meet him after making similar failed attempts in the past, Kumar said he is sorry for not meeting her in Pune. On request from one of the fans about his message to the army post operation Sindoor, he said 'You all know what our country is doing?". Commenting on the new showroom, Executive Director, Kalyan Jewellers, Ramesh Kalyanaraman, said, 'With the launch of our all-new Kalyan Jewellers' flagship showroom in Jammu, the aim is to create a holistic ecosystem and cater to the distinct needs of our customers, enhancing their shopping experience." PTI TAS TAS BK BK view comments First Published: August 12, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
08-08-2025
- Business
- Mint
Kalyan Jewellers share price crashes 9% despite a 49% jump in Q1 profit. Should you buy the stock?
Kalyan Jewellers' share price crashed over 9 per cent in the morning trade on the BSE on Friday, August 8, a day after the company reported its June quarter (Q1) results. The stock opened at ₹ 615.65 against its previous close of ₹ 590.75 and crashed 9.4 per cent to hit an intraday low of ₹ 534.95. Around 10:50 AM, the jewellery stock traded 6.90 per cent down at ₹ 550. Kalyan Jewellers' share price crashed despite the company reporting healthy year-on-year (YoY) growth in consolidated profit and revenue for Q1FY26. Kalyan Jewellers' consolidated profit after tax (PAT) for Q1FY26 was ₹ 264 crore, up 49 per cent against the profit of ₹ 178 crore in the same period in the previous financial year. PAT margin inches up to 3.6 per cent from 3.2 per cent YoY. The company's consolidated revenue of ₹ 7,268 crore was up 31 per cent year over year. In Q1FY25, it was ₹ 5,528 crore. EBITDA for Q1FY26 was ₹ 508 crore, up 38 per cent YoY against ₹ 368.4 crore in Q1FY25, while EBITDA margin increased to 7 per cent from 6.7 per cent YoY. Kalyan Jewellers' lifestyle jewellery platform, Candere, recorded a revenue of ₹ 66 crore and a net loss of ₹ 10 crore for Q1FY26. 'We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns,' said Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers. Kalyan Jewellers is one of the largest jewellery retailers in India with a presence in the Middle East and the US. Experts appear largely positive about the stock's long-term prospects due to the company's widespread market presence and healthy growth outlook. Brokerage firm Motilal Oswal Financial Services has a buy call on the stock with a target price of ₹ 700. "We model a 21 per cent, 17 per cent, and 21 per cent revenue, EBITDA, and PAT CAGR, respectively, over FY26-28E. We have largely maintained our EPS (earnings per share) estimates for FY26 and FY27. We reiterate our buy rating with a target price of ₹ 700, based on a 50 times June 2027 price-to-earnings ratio," said Motilal Oswal. Motilal highlighted that, with the successful scaling up of its new franchise businesses and continued success in non-Southern markets, Kalyan Jewellers has established itself as a leading brand in the industry. Motilal believes the company's non-South expansion has improved the studded jewellery mix. The asset-light expansion supports healthy cash flow generation for debt repayment and enhances profitability by reducing interest costs. Brokerage firm JM Financial, too, has maintained a buy call on the stock with a target price of ₹ 700. "We largely maintain our EPS estimates as the benefits of better margins get negated by higher interest costs required for the working capital requirement for the new pilot. Maintain a buy rating on the stock with an unchanged target price of ₹ 700, based on 45 times June'27 EPS," said JM Financial. JM Financial highlighted that Kalyan Jewellers is planning to launch new regional brands for every state, catering to regional demand and increasing the total addressable market by targeting the mass market. JM Financial underscored that the current Kalyan showrooms target more aspirational customers. The new regional brand will target only those customers who are not aspirational and want to continue with the regional taste. While the stock appears to be a long-term buy, some technical experts believe investors should consider taking profits on any bounce. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that Kalyan Jewellers stock is showing signs of weakness on the charts, with heavy volumes observed near the ₹ 620 mark. Kalyan Jewellers technical chart "The stock has faced multiple rejections at this level, reinforcing it as a strong resistance zone. Additionally, the RSI remains below 40, indicating sustained bearish momentum. Traders are advised to book profits on any upward bounce from current levels," said Patel. Read all market-related news here Read more stories by Nishant Kumar
Mint
08-08-2025
- Business
- Mint
Kalyan Jewellers share price crashes 9% despite a 49% jump in Q1 profit. Details here
Kalyan Jewellers' share price crashed over 9 per cent in the morning trade on the BSE on Friday, August 8, a day after the company reported its June quarter (Q1) results. The stock opened at ₹ 615.65 against its previous close of ₹ 590.75 and crashed 9.4 per cent to hit an intraday low of ₹ 534.95. Around 10:50 AM, the jewellery stock traded 6.90 per cent down at ₹ 550. Kalyan Jewellers' share price crashed despite the company reporting healthy year-on-year (YoY) growth in consolidated profit and revenue for Q1FY26. Kalyan Jewellers' consolidated profit after tax (PAT) for Q1FY26 was ₹ 264 crore, up 49 per cent against the profit of ₹ 178 crore in the same period in the previous financial year. The company's consolidated revenue of ₹ 7,268 crore was up 31 per cent year over year. In Q1FY25, it was ₹ 5,528 crore. EBITDA for Q1FY26 was ₹ 508 crore, up 38 per cent YoY against ₹ 368.4 crore in Q1FY25. Kalyan Jewellers' lifestyle jewellery platform, Candere, recorded a revenue of ₹ 66 crore and a net loss of ₹ 10 crore for Q1FY26. 'We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns,' said Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers. Kalyan Jewellers is one of the largest jewellery retailers in India with a presence in the Middle East and the US. (This is a developing story. Please check back for fresh updates.)
Time of India
13-05-2025
- Business
- Time of India
I-Sec maintains Add on Kalyan Jewellers, raises target price to Rs 550
ICICI Securities has maintained Add call on Kalyan Jewellers with a target price of Rs 550. The current market price of Kalyan Jewellers is Rs 534.9. Kalyan Jewellers, incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 55377.77 Crore) operating in Gems and Jewellery sector. Kalyan Jewellers' key products/revenue segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 6222.36 crore, down -14.97% from last quarter Total Income of Rs 7318.20 crore and up 36.34% from last year same quarter Total Income of Rs 4563.73 crore. The company has reported net profit after tax of Rs 187.60 crore in the latest quarter. The company?s top management includes Rai, Mr.T S Kalyanaraman, Mr.T K Ramesh, Mr.T K Seetharam, Nair, Kumar Saraf, Mr.A D M Chavali, Mr.T S Anantharaman, Jayendra Udeshi, Rai, Sadasivan Nair, Mr.T S Kalyanaraman, Mr.T K Ramesh, Mr.T K Seetharam, Nair, Kumar Saraf, Mr.A D M Chavali, Mr.T S Anantharaman, Jayendra Udeshi, Sadasivan Nair. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 103 crore shares outstanding. Live Events Investment Rationale ICICI Securities increases the EBITDA estimates by ~2% for FY27E, modelling revenue / EBITDA / PAT CAGRs of 28% / 32% / 49% over FY254-FY27E. The brokerage maintains ADD with a DCF-based revised target price of Rs 550 (vs Rs 520). At our target price, the stock will trade at a multiple of 35x FY27E EPS. Key risks include delay in showroom expansion and potentially higher competitive intensity in core south India markets. Promoter/FII Holdings Promoters held 62.85 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.89 per cent, DIIs 11.97 per cent.
