Kalyan Jewellers Share Price Extends Gains After Budget

Kalyan Jewellers India shares continued their post-budget rally for the third straight session on Monday. The stock is gaining momentum due to the Budget proposal to reduce customs duty on jewellery from 25% to 20%.

Impact of Budget Proposal on Jewelry Sector

The finance minister announced a lower customs tax on jewellery (Item Code 7113), reducing the duty from 25% to 20%. Additionally, the customs duty on platinum findings has been significantly reduced from 25% to just 5%. This policy change is expected to benefit jewellery companies like Kalyan Jewellers.

Kalyan Jewellers Q3 FY25 Results

Kalyan Jewellers reported a 21.23% increase in net profit, reaching ₹218.68 crore for Q3 FY25, compared to ₹180.37 crore in the same period last year. Total income surged 40% to ₹7,318.19 crore in the December quarter, up from ₹5,243.20 crore last year. However, expenses also rose to ₹7,024.63 crore, compared to ₹5,004.65 crore in the previous year.

Kalyan Jewellers is set to open 30 new showrooms under the Kalyan brand and 15 Candere showrooms in India during the current quarter.

About Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd. designs, manufactures, and sells a variety of gold and studded jewellery across different price ranges. As of FY20, it was one of India’s largest jewellery retailers by revenue. The company was founded by T.S. Kalyanaraman, who is also the Chairman, Managing Director, and Promoter.

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