Kalyan Jewellers shares jump 3% after Q4 net profit rises 36% YoY to Rs 188 crore

Synopsis

Kalyan Jewellers reported a robust Q4FY25, with consolidated gross surging 37% YoY to Rs 6,182 crore and nett net climbing 36% to Rs 188 crore, fueled by beardown home and planetary demand. For FY25, gross reached Rs 25,045 crore, a 35% increase, portion nett net roseate 20% to Rs 714 crore.

Kalyan Jewellers shares jumped 3% to an intraday precocious of Rs 526.50 connected the BSE connected Friday aft the institution posted a beardown acceptable of numbers for Q4FY25. Consolidated gross roseate 37% year-on-year to Rs 6,182 crore, compared to Rs 4,512 crore successful the aforesaid 4th past year.

Net nett jumped 36% YoY to Rs 188 crore, supported by robust request successful some home and planetary markets.

In its halfway India market, standalone gross grew 38% YoY to Rs 5,350 crore, portion nett net roseate 41% YoY to Rs 185 crore. The institution attributed the beardown maturation to a palmy Akshaya Tritiya merchantability and continued request astir wedding purchases.

Kalyan’s Middle East operations besides posted coagulated growth, with gross rising 26% YoY to Rs 784 crore, and nett net expanding 22% to Rs 12 crore.

The company’s online jewellery platform, Candere, however, continued to struggle, signaling a gross of Rs 28 crore but a nett nonaccomplishment of Rs 12 crore for Q4FY25.

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For the afloat fiscal twelvemonth FY25, Kalyan Jewellers reported a consolidated gross of Rs 25,045 crore, up 35% from Rs 18,516 crore successful FY24. Net nett for the twelvemonth stood astatine Rs 714 crore, a 20% summation from Rs 596 crore successful the erstwhile year.

Commenting connected the performance, Executive Director Ramesh Kalyanaraman said, "We had an fantabulous commencement to the existent fiscal twelvemonth contempt continuing volatility successful golden prices. The momentum from the erstwhile twelvemonth has continued, supported by beardown request during Akshaya Tritiya and the wedding season."

Headquartered successful Thrissur, Kerala, Kalyan Jewellers is 1 of India’s largest jewellery retailers, with a beingness crossed India, the Middle East, and the United States. The institution operates 388 showrooms globally, with a full retail country exceeding 9,75,000 sq ft.

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Kalyan Jewellers shares terms target

As per Trendlyne data, the mean people terms of the banal is Rs 656, which shows an upside of 28% from the existent marketplace prices. The statement proposal from 7 analysts for the banal is simply a 'Strong Buy'.

(Disclaimer: Recommendations, suggestions, views and opinions fixed by the experts are their own. These bash not correspond the views of Economic Times)

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