Consumer Durables
Valuation | |
|---|---|
| Market Cap | 37.99 kCr |
| Price/Earnings (Trailing) | 40.79 |
| Price/Sales (Trailing) | 1.32 |
| EV/EBITDA | 18.99 |
| Price/Free Cashflow | 64.24 |
| MarketCap/EBT | 30.46 |
| Enterprise Value | 38.22 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -7.2% |
| Price Change 1M | -24.3% |
| Price Change 6M | -36.9% |
| Price Change 1Y | -16% |
| 3Y Cumulative Return | 49.1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -176.55 Cr |
| Cash Flow from Operations (TTM) |
| Revenue (TTM) |
| 28.76 kCr |
| Rev. Growth (Yr) | 29.8% |
| Earnings (TTM) | 930.88 Cr |
| Earnings Growth (Yr) | 99.9% |
Profitability | |
|---|---|
| Operating Margin | 4% |
| EBT Margin | 4% |
| Return on Equity | 17.43% |
| Return on Assets | 5.45% |
| Free Cashflow Yield | 1.56% |
| 1.21 kCr |
| Cash Flow from Financing (TTM) | -840.24 Cr |
| Cash & Equivalents | 367.88 Cr |
| Free Cash Flow (TTM) | 781.93 Cr |
| Free Cash Flow/Share (TTM) | 7.58 |
Balance Sheet | |
|---|---|
| Total Assets | 17.09 kCr |
| Total Liabilities | 11.75 kCr |
| Shareholder Equity | 5.34 kCr |
| Current Assets | 13.08 kCr |
| Current Liabilities | 10.1 kCr |
| Net PPE | 1.4 kCr |
| Inventory | 11.33 kCr |
| Goodwill | 5.06 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.04 |
| Debt/Equity | 0.11 |
| Interest Coverage | 2.26 |
| Interest/Cashflow Ops | 4.2 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.5 |
| Dividend Yield | 0.41% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Past Returns: Outperforming stock! In past three years, the stock has provided 49.1% return compared to 11.4% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Growth: Awesome revenue growth! Revenue grew 34.1% over last year and 118.8% in last three years on TTM basis.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock is suffering a negative price momentum. Stock is down -24.3% in last 30 days.
Past Returns: Outperforming stock! In past three years, the stock has provided 49.1% return compared to 11.4% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Growth: Awesome revenue growth! Revenue grew 34.1% over last year and 118.8% in last three years on TTM basis.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock is suffering a negative price momentum. Stock is down -24.3% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.41% |
| Dividend/Share (TTM) | 1.5 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 9.02 |
Financial Health | |
|---|---|
| Current Ratio | 1.29 |
| Debt/Equity | 0.11 |
Technical Indicators | |
|---|---|
| RSI (14d) | 12.68 |
| RSI (5d) | 1.82 |
| RSI (21d) | 21.42 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
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.
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.
Management at Kalyan Jewellers India Limited provided a positive outlook during the Q2 & H1FY26 earnings call, highlighting robust performance and strong momentum into the next quarter. They reported a remarkable same-store sales growth (SSG) of over 30% in the 30 days leading up to Diwali, indicating strong consumer demand.
Key highlights include:
Debt Reduction: The company successfully reduced its non-GML debt by INR 130 crores, bringing the total down to INR 550 crores as of September 30, 2025. They are on track to meet their annual debt reduction target of INR 300 crores and are targeting a further reduction to INR 400 crores by March 31, 2026.
Financial Performance: For Q2, the consolidated revenue was INR 7,856 crores, marking a 30% increase from the previous year. The EBITDA was INR 497 crores, up from INR 319 crores, and profit after tax surged to INR 261 crores, a 100% increase year-over-year.
Store Expansion: Management confirmed plans to open 84 new stores in FY26, with 40 already completed"”32 in India and 6 in the Middle East and Candere.
Marginal Improvements: The pilot project aiming at backward integration is expected to maintain gross margins with a projected increase of 0.2% to 0.3% in future quarters.
Candere's Trajectory: Despite a loss of INR 9 crores for the quarter, management anticipates that Candere will reach profitability by the end of the financial year, aiming for a revenue target of approximately INR 500 crores.
Overall, the management expressed confidence in sustaining momentum into the second half of the fiscal year, largely due to strong festive sales performance and ongoing debt reduction efforts.
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 | 22.26% |
| Seetharam T K | 18.02% |
| T K Ramesh | 18.02% |
| Motilal Oswal Midcap Fund | 9.05% |
| Kjg Consulting Private Limited | 2.35% |
| Government Of Singapore | 1.75% |
| Franklin India Small Cap Fund | 1.34% |
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. | 3.53 LCr | 68.36 kCr | -0.30% | +19.50% | 85.35 | 5.16 | - | - |
| THANGAMAYL | Thangamayil Jewellery | 11.17 kCr | 7.06 kCr |
Comprehensive comparison against sector averages
KALYANKJIL metrics compared to Consumer
| Category | KALYANKJIL | Consumer |
|---|---|---|
| PE | 40.90 | 60.48 |
| PS | 1.32 | 0.73 |
| Growth | 34.1 % | 40.9 % |
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.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
KALYANKJIL vs Consumer (2022 - 2026)
Kalyan Jewellers has appreciated by 24.18% over the past year, reflecting strong long-term performance.
Cessation • 16 Jan 2026 Cessation |
General • 14 Jan 2026 Press Release - Appointment of Directors |
General • 14 Jan 2026 Change in Composition of Board and Committee |
Change in Management • 14 Jan 2026 Appointment of Mr. CR Rajagopal & Ms. Radhika Ramani as Additional Directors (Non-Executive & Independent) of the Company |
Analyst / Investor Meet • 14 Jan 2026 Earnings Call - Q3 FY26 |
General • 07 Jan 2026 Quarterly Update Q3 FY 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question: "Many of your peers have called out fairly precise numbers for the festive season sales. So could you throw some light on how Kalyan has performed?" Answer: "For the 30 days leading up to Diwali, our same-store sales growth exceeded 30%. We focus on this metric as overall revenue can be misleading due to new showroom openings. Our performance has been strong."
Question: "After Diwali, you tend to see a drop-off in sales. How is this year panning out?" Answer: "This year, we are continuing to see strong sales post-Diwali, with weekend traffic remaining high. The momentum has been consistent with pre-Diwali trends."
Question: "What's your full-year guidance for new store openings?" Answer: "As of now, we've opened 40 stores in India, with a target of 84 for the full year. We plan to continue expanding aggressively."
Question: "Can you provide insight into margin trends for the full year?" Answer: "Historically, Q3 margins tend to be better due to factors like own store sales and product mix. We expect PBT margins to improve in H2 due to reduced debt and interest savings."
Question: "Can you quantify the gross margin advantage from the pilot this quarter?" Answer: "The pilot contributed about 0.2% to 0.3% to our gross margin this quarter. Other metals provided minimal gains."
Question: "When can we expect profitability from Candere?" Answer: "We're optimistic about Candere; we aim for PAT neutrality this financial year, with a revenue target of around INR500 crores."
Question: "What's the status of your debt reduction plan?" Answer: "We reduced INR130 crores of non-GML debt this quarter, aiming for INR400 crores by March 31, FY '26. We remain on track for achieving our annual targets."
Question: "What is the progress on the regional brand pilot?" Answer: "The regional brand pilot is on track for a Q4 launch with planned investments of INR300-350 crores for five showrooms."
Question: "How do you're employee attrition rates correlate to My Kalyan?" Answer: "High attrition in My Kalyan is common due to its nature as a door-to-door service sector. Core Kalyan Jewellers staff attrition remains low."
Question: "What about your store's overall performance and utilization rates?"
Answer: "Most stores perform well. We have about 5-10% underperforming stores, while the rest meet our expectations. We're constantly evaluating performance."
Answer: "SSG growth isn't directly tied to gold prices; it depends more on consumer budgets and occasions. We maintain strong double-digit SSG even with price fluctuations."
Answer: "While we pass some benefits to customers during price hikes, our making charges remain stable. Industry-wide practices ensure competitive consistency."
| Nomura India Investment Fund Mother Fund | 1.29% |
| Karthik Ramani | 1.2% |
| Radhika Thrikur Kalyanaraman | 0.71% |
| Trikkoor Seetharama Iyer Balaraman | 0.02% |
| T B Seetharamji | 0.02% |
| Geethalakshmi T S | 0.02% |
| Dhanya Manoj | 0.02% |
| Hariharan Divya | 0.02% |
| T A Sreeram | 0.02% |
| Pooja Krishnan | 0.02% |
| T A Sethuraman | 0.02% |
| Sreevidya Arun | 0.01% |
| R Sidharth | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| +12.00% |
| +113.40% |
| 46.42 |
| 1.58 |
| - |
| - |
| TMB | Tamilnad Mercantile Bank | 9.05 kCr | 6.3 kCr | +12.30% | +33.40% | 6.1 | 1.44 | - | - |
| PCJEWELLER | PC JEWELLER | 7.69 kCr | 3.3 kCr | +18.90% | -19.80% | 10.81 | 2.33 | - | - |
| RAJESHEXPO | Rajesh Exports | 5.31 kCr | 4.71 LCr | -18.00% | -11.40% | 34.66 | 0.01 | - | - |
| SENCO | Senco Gold | 5.16 kCr | 6.91 kCr | -0.90% | -25.00% | 22.11 | 0.75 | - | - |
| TBZ | Tribhovandas Bhimji Zaveri | 1.1 kCr | 2.91 kCr | -0.50% | -5.80% | 7.6 | 0.38 | - | - |
| 8.5% |
| 7,557 |
| 6,962 |
| 5,972 |
| 7,025 |
| 5,914 |
| 5,320 |
| Profit Before exceptional items and Tax | -0.9% | 350 | 353 | 251 | 294 | 178 | 237 |
| Total profit before tax | -0.9% | 350 | 353 | 251 | 294 | 178 | 237 |
| Current tax | 15.6% | 112 | 97 | 72 | 86 | 52 | 90 |
| Deferred tax | -165.5% | -22.68 | -7.92 | -8.95 | -11.43 | -4.71 | -29.57 |
| Total tax | 1.1% | 90 | 89 | 63 | 75 | 48 | 60 |
| Total profit (loss) for period | -1.1% | 261 | 264 | 188 | 219 | 130 | 178 |
| Other comp. income net of taxes | 578.4% | 195 | -39.55 | 41 | 1.29 | 5.86 | -1.86 |
| Total Comprehensive Income | 102.7% | 455 | 225 | 229 | 220 | 136 | 176 |
| Earnings Per Share, Basic | -2.6% | 2.52 | 2.56 | 1.82 | 2.12 | 1.27 | 1.73 |
| Earnings Per Share, Diluted | -2.6% | 2.52 | 2.56 | 1.82 | 2.12 | 1.27 | 1.72 |
| 316 |
| Depreciation and Amortization | 19.5% | 246 | 206 | 183 | 181 | 174 |
| Other expenses | 27.7% | 839 | 657 | 506 | 398 | 330 |
| Total Expenses | 38% | 20,855 | 15,115 | 11,068 | 8,809 | 7,191 |
| Profit Before exceptional items and Tax | 25.3% | 932 | 744 | 558 | 290 | 187 |
| Exceptional items before tax | - | 0 | 0 | -33.25 | 0 | 0 |
| Total profit before tax | 25.3% | 932 | 744 | 525 | 290 | 187 |
| Current tax | 49.7% | 290 | 194 | 153 | 81 | 76 |
| Deferred tax | -945.8% | -46.48 | -3.54 | -17.41 | -5.61 | -26.65 |
| Total tax | 28.6% | 244 | 190 | 135 | 76 | 49 |
| Total profit (loss) for period | 24.4% | 689 | 554 | 390 | 214 | 138 |
| Other comp. income net of taxes | 261.5% | 24 | -13.24 | 13 | 23 | -21.69 |
| Total Comprehensive Income | 31.9% | 713 | 541 | 403 | 237 | 117 |
| Earnings Per Share, Basic | 29.7% | 6.68 | 5.38 | 3.784 | 2.08 | 1.63 |
| Earnings Per Share, Diluted | 29.7% | 6.68 | 5.38 | 3.784 | 2.08 | 1.44 |
| 0% |
| 61 |
| 61 |
| 61 |
| 61 |
| 61 |
| 61 |
| Non-current investments | 0% | 851 | 851 | 843 | 773 | 768 | 768 |
| Loans, non-current | 46.9% | 496 | 338 | 151 | 131 | 148 | 167 |
| Total non-current financial assets | 10.6% | 1,983 | 1,793 | 1,464 | 1,883 | 1,187 | 1,086 |
| Total non-current assets | 8.5% | 4,253 | 3,920 | 3,392 | 3,069 | 2,782 | 2,503 |
| Total assets | 12.2% | 14,256 | 12,709 | 11,583 | 10,928 | 9,865 | 9,198 |
| Total non-current financial liabilities | 7.1% | 1,331 | 1,243 | 1,047 | 937 | 789 | 632 |
| Provisions, non-current | 18.9% | 45 | 38 | 39 | 34 | 29 | 29 |
| Total non-current liabilities | 7.4% | 1,388 | 1,292 | 1,086 | 971 | 818 | 660 |
| Borrowings, current | -37.6% | 550 | 881 | 746 | 889 | 1,167 | 1,324 |
| Total current financial liabilities | 10.6% | 4,379 | 3,960 | 3,531 | 3,852 | 3,559 | 3,489 |
| Provisions, current | 29.4% | 45 | 35 | 20 | 18 | 12 | 12 |
| Current tax liabilities | 82.2% | 83 | 46 | 0 | 0 | 17 | 21 |
| Total current liabilities | 14.3% | 7,592 | 6,640 | 6,152 | 5,790 | 5,196 | 4,871 |
| Total liabilities | 13.2% | 8,981 | 7,932 | 7,238 | 6,761 | 6,013 | 5,531 |
| Equity share capital | 0.2% | 1,033 | 1,031 | 1,031 | 1,030 | 1,030 | 1,030 |
| Total equity | 10.4% | 5,276 | 4,777 | 4,346 | 4,167 | 3,852 | 3,667 |
| Total equity and liabilities | 12.2% | 14,256 | 12,709 | 11,583 | 10,928 | 9,865 | 9,198 |
| Interest received |
| -27.9% |
| Other inflows (outflows) of cash | 553.5% |
| Net Cashflows From Investing Activities | -150.6% |
| Proceeds from issuing shares | - |
| Repayments of borrowings | -96.3% |
| Payments of lease liabilities | 33.7% |
| Dividends paid | 146% |
| Interest paid | -15.8% |
| Net Cashflows from Financing Activities | 38.3% |
| Net change in cash and cash eq. | 374.3% |
| Cash equivalents beginning of period | - |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 05 Jan 2026 Certificate under SEBI (Depositories and Participants) Regulations, 2018 |