Kalyan Jewellers India Limited has been in focus on Friday. On January 10, 2025, Kalyan Jewellers share price opened at ₹660.00, down from its previous close of ₹662.55. At 11:08 AM, the share price of Kalyan Jewellers was trading at ₹647.60, down by 2.26% on the NSE. The stock price touched its 52-week high recently on January 2, 2025, at ₹795.40.
Earlier this week, the company reported a successful Q3 FY 2025, achieving consolidated revenue growth of approximately 39% year-on-year. India operations led the charge, with a 41% increase in revenue compared to Q3 FY2024, driven by strong demand in both gold and studded categories, particularly during the festive and wedding seasons. This period also saw impressive same-store sales growth of around 24%.
In terms of expansion, the company launched 24 new Kalyan showrooms across India, contributing to its increasing market presence, with a strong pipeline of future openings. Internationally, the Middle East market performed well, delivering a 22% revenue growth year-on-year and contributing roughly 11% to the company’s consolidated revenue.
Additionally, the company marked a significant milestone by opening its first Company Owned Company Operated (COCO) showroom in the United States, expanding its footprint into a new market. This strategic move is expected to drive further growth and brand recognition in the international market.
Kalyan Jewellers India Ltd is involved in the designing, manufacturing and sale of a range of gold, studded and other jewellery products across different price points. It is one of the largest jewellery retailers in India based on revenue as of FY 2020.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 10, 2025, 1:05 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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