Kalyan Jewellers India soars on reporting 27% consolidated revenue growth in Q1FY25

Kalyan Jewellers India is currently trading at Rs. 495.45, up by 5.10 points or 1.04% from its previous closing of Rs. 490.35 on the BSE.

The scrip opened at Rs. 495.50 and has touched a high and low of Rs. 504.95 and Rs. 485.20 respectively. So far 115414 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 546.15 on 28-Jun-2024 and a 52 week low of Rs. 147.20 on 06-Jul-2023.

Last one week high and low of the scrip stood at Rs. 506.70 and Rs. 483.00 respectively. The current market cap of the company is Rs. 51061.74 crore.

The promoters holding in the company stood at 60.63%, while Institutions and Non-Institutions held 32.11% and 7.26% respectively.

Kalyan Jewellers India has witnessed robust operating performance across all its markets in India and the Middle East despite extreme volatility in gold prices and a strong base quarter. Q1FY25 recorded consolidated revenue growth of around 27% when compared to the same period in the previous financial year.

The company has witnessed revenue growth of approximately 29% for its India operations during Q1FY25 as compared to Q1FY24, led by robust operating momentum on the ground with healthy same-store-sales-growth of approximately 12%.

The company has launched 13 Kalyan Franchisee-Owned-Company-Operated ‘FOCO’ showrooms in India during Q1FY25, with a strong pipeline of showrooms set to open in the coming quarters in line with its previously communicated guidance. 

In the Middle East, the company witnessed revenue growth of approximately 16% when compared to the same period in the previous financial year, driven largely by same-store-sales growth. Middle East contributed around 15% to its consolidated revenue for the recently concluded quarter.

Its digital-first jewellery platform, Candere, recorded a revenue growth of approximately 13% during Q1FY25 as compared to the same period during the last year. During the recently concluded quarter (Q1FY25), the company launched 24 showrooms across Kalyan and Candere formats taking the total number of showrooms as on June 30, 2024 to 277 (Kalyan India -- 217, Kalyan Middle East -- 36, Candere -- 24).

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.