After Kalyan Jewellers India Ltd. released its third quarter report, which revealed year-over-year consolidated sales increase of almost 39% in the December quarter, the company’s share price jumped by almost 5%. Shortly thereafter, though, the stock fell. “Our India operations witnessed revenue growth of approximately 41% during Q3 FY2025, as compared to Q3 FY2024, led by very strong festive and wedding demand across both gold and studded categories,” according to an exchange filing by the business. The company achieved a 24% increase in same-store sales, it added.
In the most recent quarter, the jeweler opened 24 Kalyan showrooms in India, and there is a robust pipeline of showrooms scheduled to open this quarter as well. When compared to the same period in the previous fiscal year, Kalyan Jewellers’ revenue increased by almost 22% in the Middle East.
Kalyan Jewellers Q3 Results
The Q3 FY24 results for Kalyan Jewellers India were released on January 31, 2024. The profit rose 21.46% year over year, and the topline grew 34.47%. Revenue increased 18.32% and profit increased 33.54% over the previous quarter. In terms of both quarter-over-quarter and year-over-year, the selling, general, and administrative expenses gained 4.77% and 31.94%, respectively.
Operating income climbed 13.27% year over year and 21.63% quarter over quarter. The Q3 FY24 EPS of ₹1.75 is a 21.53% year-over-year growth. The past week’s return for Kalyan Jewellers India was -0.55%, the last six months’ return was 108.14%, and the year-to-date return was -1.1%.
Kalyan Jewellers Share Price
The share price increased by 4.92% to Rs 781.15 per. As of 10:25 a.m., it erased gains to trade 0.7% lower at Rs 739.10 apiece. In contrast, the NSE Nifty 50 had an increase of 0.48%. Over the past 12 months, it has increased by 111.55%. The day’s total trading volume was 1.29 times higher than the 30-day average. The index of relative strength was 50.51.
According to statistics from Bloomberg, eight of the nine analysts who follow the firm have a “buy” rating, while one recommends a “sell.” A 1% increase is implied by the average 12-month analysts’ consensus price estimate.
