Consumer Durables
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 70.4% return compared to 11.2% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Growth: Awesome revenue growth! Revenue grew 36.1% over last year and 114.6% in last three years on TTM basis.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Valuation | |
|---|---|
| Market Cap | 51.11 kCr |
| Price/Earnings (Trailing) | 63.75 |
| Price/Sales (Trailing) | 1.9 |
| EV/EBITDA | 28.12 |
| Price/Free Cashflow | 64.24 |
| MarketCap/EBT | 47.54 |
| Enterprise Value | 51.11 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 26.95 kCr |
| Rev. Growth (Yr) | 31.6% |
| Earnings (TTM) | 800.7 Cr |
| Earnings Growth (Yr) | 48.7% |
Profitability | |
|---|---|
| Operating Margin | 4% |
| EBT Margin | 4% |
| Return on Equity | 16.67% |
| Return on Assets | 5.29% |
| Free Cashflow Yield | 1.56% |
Growth & Returns | |
|---|---|
| Price Change 1W | 1.1% |
| Price Change 1M | 3.4% |
| Price Change 6M | -1.2% |
| Price Change 1Y | -28.8% |
| 3Y Cumulative Return | 70.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -176.55 Cr |
| Cash Flow from Operations (TTM) | 1.21 kCr |
| Cash Flow from Financing (TTM) | -840.24 Cr |
| Cash & Equivalents | 370.33 Cr |
| Free Cash Flow (TTM) | 781.93 Cr |
| Free Cash Flow/Share (TTM) | 7.58 |
Balance Sheet | |
|---|---|
| Total Assets | 15.13 kCr |
| Total Liabilities | 10.32 kCr |
| Shareholder Equity | 4.8 kCr |
| Current Assets | 11.4 kCr |
| Current Liabilities | 8.81 kCr |
| Net PPE | 1.31 kCr |
| Inventory | 9.68 kCr |
| Goodwill | 5.06 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.06 |
| Debt/Equity | 0.2 |
| Interest Coverage | 1.85 |
| Interest/Cashflow Ops | 4.2 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.5 |
| Dividend Yield | 0.30% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Updated May 5, 2025
Today, Kalyan Jewellers' stock has returned -0.27%, indicating a slight decline.
The stock has fluctuated between a low of ₹511.6 and a high of ₹522.65 today.
Technical analysis indicates a pivot at ₹516.12 with nearby resistance and support levels.
Kalyan Jewellers has appreciated by 24.18% over the past year, reflecting strong long-term performance.
The stock has shown a positive trend with a 12.82% increase in the past month and 17.35% in three months.
Kalyan Jewellers is well-positioned in the Indian jewellery market, catering to diverse customer needs.
Analyst / Investor Meet • 14 Oct 2025 Earnings Call - Q2 FY26 |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 08 Oct 2025 Certificate under SEBI (Depositories and Participants) Regulations, 2018 |
General • 06 Oct 2025 Quarterly Update -Q2 |
Analyst / Investor Meet • 14 Sept 2025 Analyst Meet |
Allotment of ESOP / ESPS • 26 Aug 2025 ESOP ALLOTMENT |
General • 18 Aug 2025 Change in Name of the Wholly Owned Subsidiary of the company |
Newspaper Publication • 15 Aug 2025 Newspaper Publication |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Kalyan Jewellers India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
In the Q1 FY '26 earnings conference call, management expressed a positive outlook for Kalyan Jewellers. The company reported a consolidated revenue growth of approximately 31% year-over-year, reaching INR 7,268 crores, alongside a profit after tax (PAT) increase of around 49%, amounting to INR 264 crores. The standalone business saw similar growth metrics, with a 31% revenue rise and a 55% increase in PAT.
Key forward-looking points include:
Real Estate Monetization: Management intends to monetize real estate collaterals worth INR 200 crores currently held with banks, pausing further debt reduction until the documentation process is completed.
Expanding Distribution: The company plans to introduce a third retail format focused on regional brands, launching the first brand before the end of 2025. This follows a successful addition of over 70 Candere showrooms in the past 18 months, with projections to add another 80 this fiscal year.
Operating Margin Enhancement: The introduction of a pilot project focused on leaner credit periods for vendors aims to drive cost efficiencies and improve margins. Average payable days are expected to decrease from 30-33 to around 10-12 days.
Festive Season Preparedness: Management appears upbeat about the upcoming festive season, anticipating increased demand despite recent volatility in gold prices. The company has fresh collections and campaigns planned for this period.
E-commerce Growth: The Candere brand is projected to break even in PAT by the end of the fiscal year, having already seen significant increases in footfall and conversion rates since its brand campaign.
Overall, management emphasizes ongoing expansion efforts in both traditional retail and e-commerce, alongside a strategic focus on enhancing operational efficiencies and maximizing shareholder value.
Last updated:
Q1 FY "˜26 Earnings Call - Key Questions and Answers
1. Question: Can you elaborate on the new pilot regarding the procurement plan with a leaner credit from vendors? How much of this quarter's gross margin improvement can be attributed to this?
Answer: Yes, we experienced margin improvements due to the pilot project; however, quantifying the exact impact is tough. The increase came from both this pilot and higher revenue from platinum and silver, which yield better margins. The pilot is crucial, and we're looking to fully implement these practices at Kalyan.
2. Question: How do you plan to implement this leaner credit arrangement across Kalyan Jewellers?
Answer: The pilot project will first fully integrate into our new regional brand before expanding to Kalyan Jewellers. We need time for broader implementation at Kalyan, aiming for meaningful gross margin increases once we stabilize this regional brand.
3. Question: What is the strategy for the new regional brands? Will they be under Kalyan Jewellers or have distinct identities?
Answer: The new brand will be entirely regional, with multiple names for different states. Our strategy focuses on creating local brands with targeted campaigns for each state. We plan to launch the first regional brand before the end of this calendar year.
4. Question: Can you provide insights on the expected PBT growth for this fiscal year?
Answer: We foresee PBT trending towards the upper side of 5% for India. The demand looks robust, despite a high base from last year, and we are optimistic about sustaining growth.
5. Question: What is your advertising spend expectation for this year?
Answer: We expect our advertising spend to stay around 1.5% of revenues, slightly lower than last year's 1.8%, due to leveraging growth.
6. Question: How should we view the ongoing transition from unorganized to organized players in the market?
Answer: We strongly believe that the market will shift more towards organized retailers, potentially reaching a 100% organized share in the next five years due to the ongoing migration from unorganized to organized segments.
These responses capture the critical questions and comprehensive answers provided during Kalyan Jewellers' Q1 FY '26 earnings conference call, summarizing key insights regarding company strategy and performance.
Understand Kalyan Jewellers India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Kalyanaraman T S | 0.2226% |
| Seetharam T K | 0.1802% |
| T K Ramesh | 0.1802% |
| Motilal Oswal Midcap Fund | 0.0917% |
| Kjg Consulting Private Limited | 0.0235% |
| Government Of Singapore | 0.0179% |
| Franklin India Small Cap Fund | 0.0131% |
| Nomura India Investment Fund Mother Fund | 0.0129% |
| Karthik Ramani | 0.012% |
| Radhika Thrikur Kalyanaraman | 0.0071% |
| T B Seetharamji | 0.0002% |
| Geethalakshmi T S | 0.0002% |
| Trikkoor Seetharama Iyer Balaraman | 0.0002% |
| Dhanya Manoj | 0.0002% |
| Hariharan Divya | 0.0002% |
| T A Sreeram | 0.0002% |
| Pooja Krishnan | 0.0002% |
| T A Sethuraman | 0.0002% |
| Sreevidya Arun | 0.0001% |
| Thrikkur Seetharama Iyer Anantharaman | 0.0001% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Kalyan Jewellers India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| TITAN | Titan Co. | 3.3 LCr | 64.18 kCr | +8.70% | +11.50% | 88.75 | 5.14 | - | - |
| PCJEWELLER | PC JEWELLER | 8.12 kCr | 2.74 kCr | -12.00% | -21.70% | 10.82 | 2.96 | - | - |
| TMB | Tamilnad Mercantile Bank | 7.13 kCr | 6.24 kCr | +5.10% | +5.20% | 6.1 | 1.14 | - | - |
| THANGAMAYL | Thangamayil Jewellery | 6.34 kCr | 5.25 kCr | -0.70% | -7.90% | 56.51 | 1.21 | - | - |
| RAJESHEXPO | Rajesh Exports | 5.31 kCr | 4.94 LCr | -5.60% | -27.60% | 72.7 | 0.01 | - | - |
| SENCO | Senco Gold | 5.24 kCr | 6.87 kCr | -9.70% | -48.90% | 26.57 | 0.76 | - | - |
| TBZ | Tribhovandas Bhimji Zaveri | 1.22 kCr | 2.65 kCr | -1.60% | -32.90% | 16.53 | 0.46 | - | - |
Comprehensive comparison against sector averages
KALYANKJIL metrics compared to Consumer
| Category | KALYANKJIL | Consumer |
|---|---|---|
| PE | 63.85 | 70.77 |
| PS | 1.9 | 0.7 |
| Growth | 36.1 % | 57.9 % |
Kalyan Jewellers India is a prominent company in the Gems, Jewellery, and Watches sector, primarily engaged in the manufacture and retail of a diverse array of jewelry products.
With a stock ticker of KALYANKJIL, the company boasts a significant market capitalization of Rs. 53,449.2 Crores. Kalyan Jewellers India Limited's product offerings include gold, diamond, silver, platinum, and gemstone jewelry. Their extensive collection features various styles such as wedding, regional, aspirational, and studded jewelry.
The company provides a wide range of items, including:
Kalyan Jewellers markets its products under several brand names, including MUDHRA, NIMAH, ANOKHI, RANG, TEJASVI, ZIAH, LAYA, GLO, CANDERE, VEDHA, APOORVA, HERA, and MUHURAT.
The company operates showrooms throughout India and the Middle East, and it also runs My Kalyan Grassroots stores. Additionally, Kalyan Jewellers offers online shopping through its platform, candere.com. Founded in 1908 and headquartered in Thrissur, India, the company has demonstrated strong financial performance, with a trailing 12-month revenue of Rs. 23,531 Crores.
Kalyan Jewellers is committed to providing returns to its investors, distributing dividends with a yield of 0.25% per year. Over the last 12 months, it issued a Rs. 1.2 dividend per share. However, the company has diluted shareholder holdings by 0.1% in the past three years. Notably, it has experienced substantial revenue growth of 112.8% in the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
KALYANKJIL vs Consumer (2022 - 2025)