Kalyan Jewellers India Ltd Share Price – NSE  / BSE

Diamond, Gems and Jewellery, Mid Cap

Kalyan Jewellers India Ltd rose 0.62% today to trade at Rs 767.8. The BSE Consumer Durables index is up 0.5% to quote at 66827.68. The index is up 10.14 % over last one month. Among the other constituents of the index, Dixon Technologies (India) Ltd increased 0.43% and Amber Enterprises India Ltd added 0.28% on the day. The BSE Consumer Durables index went up 37.52 % over last one year compared to the 17.09% surge in benchmark SENSEX.

Kalyan Jewellers India Ltd has added 9.02% over last one month compared to 10.14% gain in BSE Consumer Durables index and 3.56% rise in the SENSEX. On the BSE, 6877 shares were traded in the counter so far compared with average daily volumes of 2.92 lakh shares in the past one month. The stock hit a record high of Rs 786 on 23 Sep 2024. The stock hit a 52-week low of Rs 311.1 on 13 Dec 2023.

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Net profit of Kalyan Jewellers India declined 3.43% to Rs 130.61 crore in the quarter ended September 2024 as against Rs 135.25 crore during the previous quarter ended September 2023. Sales rose 37.40% to Rs 6065.48 crore in the quarter ended September 2024 as against Rs 4414.54 crore during the previous quarter ended September 2023.

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There was a one-time loss of Rs 69 crore due to reduction in customs duty in India during Q2 FY25, stated the firm.

Revenue from operations increased 37.4% YoY to Rs 6,065.48 crore in the quarter ended 30 September 2024.

Profit before tax (PBT) stood at Rs 177.95 crore in September 2024 quarter, up 0.11% YoY.

EBITDA stood at Rs 327.2 core in second quarter of FY25, registering a growth of 4% as compared with Rs 313.7 crore posted in corresponding quarter last year. EBITDA margin stood at 5.4% in Q2 FY25 as against 7.1% in Q2 FY24.

In terms of geography, total revenue from India jumped 39% YoY to Rs 5,226.8 crore during the quarter, driven majorly by healthy same store sales growth (SSSG) of 23% on YoY basis. During the quarter, 15 new showrooms added in India.

Revenue from Middle East region increased 27% YoY to Rs 800.4 crore in Q2 FY25. Same-store-sales-growth (SSSG) was 9% while No. of showrooms increased to 36 in during the quarter as against 34 showrooms in Q1 FY24.

The firm reported 10.47% increase in consolidated net profit to Rs 308.37 crore on 31.97% rise in revenue from operations to Rs 11,600.96 crore in H1 FY25 over.

Headquartered in Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East.

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Kalyan Jewellers India will hold a meeting of the Board of Directors of the Company on 13 November 2024.

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