Kalyan Jewellers India Ltd

(KALYANKJIL)

Kalyan Jewellers Reports Strong Growth; Target Set at Rs 800 - 15 Nov, 2024

Kalyan Jewellers reported a 37% YoY revenue growth, driven by strong festive demand and new customer acquisition. The company expects continued growth with a target price of Rs 800, reflecting confidence in its market position and performance.

Kalyan Jewellers Q2 Results Show Mixed Performance - 14 Nov, 2024

Kalyan Jewellers reported a 3.37% decline in Q2 net profit to Rs 130.32 crore, despite a significant revenue increase of 37.4% to Rs 6065.48 crore. The stock initially rose but later erased gains following the earnings announcement. Analysts remain optimistic about future growth despite current profitability challenges.

Kalyan Jewellers Q2 Results Show Profit Decline - 13 Nov, 2024

Kalyan Jewellers reported a 3.7% decline in Q2 net profit to Rs 130 crore, missing estimates. Revenue grew 37% to Rs 6,065 crore, despite a one-time loss of Rs 69 crore due to customs duty reduction.

Kalyan Jewellers Upgraded, Stock Shows Positive Trend - 07 Nov, 2024

Kalyan Jewellers' stock rose following its upgrade to mid-cap by MSCI. Current price is Rs 710, with potential upside and key support levels identified.

Kalyan Jewellers Stock Rises on Customs Duty Cut - 02 Nov, 2024

Kalyan Jewellers India Ltd and other gold stocks gained momentum following Finance Minister Nirmala Sitharaman's announcement of a customs duty reduction on gold and silver to 6%.

Strong Dhanteras Footfall for Kalyan Jewellers - 30 Oct, 2024

Kalyan Jewellers experienced steady foot traffic during Dhanteras, with consumers favoring a mix of traditional shagun coins and modern lightweight jewelry, indicating strong demand despite high gold prices.

Kalyan Jewellers Reports Growth and Opens New Showroom - 23 Oct, 2024

Kalyan Jewellers announced a 39% revenue growth in Q2, attributed to strong sales and lower gold import duties. The company also launched a new showroom in Anantapur, inaugurated by actor Nagarjuna, which drew significant public interest.

Kalyan Jewellers Expands Showroom and Optimistic Sales - 22 Oct, 2024

Kalyan Jewellers launched a new showroom in Anantapur, with brand ambassador Nagarjuna highlighting trust and service. The company is optimistic about festival sales due to strong footfalls and is innovating with lighter gold jewellery.

Kalyan Jewellers Projects Strong Q3 Revenue and Profit - 18 Oct, 2024

Kalyan Jewellers anticipates a revenue of ₹6,663 crore and a net profit of ₹251.3 crore for Q3, surpassing previous forecasts. For the year, sales are expected to reach ₹24,769 crore with a profit of ₹866 crore.