Kalyan Jewellers

Why is Kalyan Jewellers India Ltd falling/rising?

As of 19-Jun, Kalyan Jewellers India Ltd's stock price is rising, currently at 383.50, with a notable weekly return of +11.27%. Despite recent gains and strong fundamentals, there are signs of declining investor participation and short-term underperformance relative to its sector.

As of 19-Jun, Kalyan Jewellers India Ltd's stock price is rising, currently at 383.50, reflecting a change of 0.35 (0.09%) upward. The stock has shown a notable performance over the past week, with a return of +11.27%, significantly outperforming the benchmark Sensex, which has only increased by +1.69% during the same period. Additionally, the stock has gained for three consecutive days, accumulating a total return of 1.31% in that timeframe.<BR><BR>Despite this recent upward trend, the stock has underperformed its sector by -0.54% today, and there are signs of falling investor participation, as evidenced by a 70.38% drop in delivery volume compared to the five-day average. However, the stock's higher performance relative to its short-term moving averages (5-day and 20-day) indicates a positive momentum, even though it remains below the longer-term moving averages (50-day, 100-day, and 200-day).<BR><BR>The company has demonstrated strong fundamentals, with a healthy long-term growth trajectory, as indicated by a 33.05% annual growth rate in net sales and a 39.43% increase in operating profit. Furthermore, Kalyan Jewellers has reported positive results for the last 12 consecutive quarters, which supports the stock's valuation. The company is trading at a discount compared to its peers, and its profits have risen by 93.2% over the past year, contributing to a favorable PEG ratio of 0.3.<BR><BR>Overall, the combination of recent gains, strong financial performance, and institutional support suggests that Kalyan Jewellers India Ltd is experiencing a rise in its stock price, despite some short-term challenges in investor participation.

Which are the latest news on Kalyan Jewellers?

What does Kalyan Jewellers do?

Kalyan Jewellers India Ltd is a mid-cap company in the Gems, Jewellery and Watches industry, established in 1993, with recent quarterly net sales of ₹10,275 Cr and net profit of ₹410 Cr as of March 2026. Key financial metrics include a P/E ratio of 25.00 and a market cap of ₹36,218 Cr.

Overview:<BR>Kalyan Jewellers India Ltd operates in the Gems, Jewellery and Watches industry and is categorized as a Mid Cap company.<BR><BR>History:<BR>Kalyan Jewellers was originally established as a sole proprietorship in 1993. It transitioned to a Partnership Firm in 2006, changing its name to 'Kalyan Jewellers TSK' in 2008. The firm was converted into a Private Limited Company on January 29, 2009. The most recent quarterly results report net sales and net profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 10,275 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 410 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 36,218 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 25.00 <BR>Industry P/E: 45 <BR>Dividend Yield: 0.42% <BR>Debt-Equity: 0.83 <BR>Return on Equity: 21.89% <BR>Price to Book: 5.81 <BR><BR>Contact Details:<BR>No Company Details Available <BR>Registrar Address: Not available.

How big is Kalyan Jewellers?

As of 10th June, Kalyan Jewellers India Ltd has a market capitalization of 36,218.00 Cr and reported net sales of 35,742.87 Cr and a net profit of 1,350.39 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Kalyan Jewellers India Ltd has a market capitalization of 36,218.00 Cr, categorizing it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 35,742.87 Cr, while the sum of Net Profit for the same period is 1,350.39 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 4,803.58 Cr, and Total Assets amount to 15,013.43 Cr.

Who are in the management team of Kalyan Jewellers?

The management team of Kalyan Jewellers includes T S Kalyanaraman (Managing Director), T K Seetharam and T K Ramesh (Whole-time Directors), along with several Non-Executive and Independent Directors, including Vinod Rai and Agnihotra Dakshina Murty Chavali. This team is responsible for guiding the company's strategic direction and operations.

The management team of Kalyan Jewellers includes the following individuals:<BR><BR>1. **T S Kalyanaraman** - Managing Director<BR>2. **T K Seetharam** - Whole-time Director<BR>3. **T K Ramesh** - Whole-time Director<BR>4. **Salil Nair** - Non-Executive & Non-Independent Director<BR>5. **Anish Kumar Saraf** - Nominee<BR>6. **Agnihotra Dakshina Murty Chavali** - Non-Executive & Independent Director<BR>7. **T S Anantharaman** - Non-Executive & Independent Director<BR>8. **Kishori Jayendra Udeshi** - Non-Executive & Independent Director<BR>9. **Anil Sadasivan Nair** - Non-Executive & Independent Director<BR>10. **Jishnu R G** - Company Secretary & Compliance Officer<BR>11. **Vinod Rai** - Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

Who are the peers of the Kalyan Jewellers?

Kalyan Jewellers' peers include Titan Company, Thangamayil Jew., PC Jeweller, Bluestone Jewel, Sky Gold & Diamonds, P N Gadgil Jewellers, Ethos, Senco Gold, Goldiam International, and Timex Group. Kalyan Jewellers has good management risk and growth but a below-average capital structure, with a 1-year return of -37.69%, the lowest among its peers.

Peers: The peers of Kalyan Jewellers are Titan Company, Thangamayil Jew., PC Jeweller, Bluestone Jewel, Sky Gold & Diamonds, P N Gadgil Jewellers, Ethos, Senco Gold, Goldiam International, and Timex Group.<BR><BR>Quality Snapshot: Excellent management risk is observed at Titan Company and P N Gadgil Jewellers, while Good management risk is found at Kalyan Jewellers, Thangamayil Jew., Sky Gold & Diamonds, and Senco Gold. Average management risk is noted at Ethos and Goldiam International, while Below Average management risk is present at PC Jeweller and Bluestone Jewel. Excellent growth is seen at Titan Company, Kalyan Jewellers, Thangamayil Jew., Bluestone Jewel, Sky Gold & Diamonds, P N Gadgil Jewellers, Ethos, and Senco Gold, while Average growth is found at Goldiam International and Below Average growth is noted at PC Jeweller. Kalyan Jewellers has a Below Average capital structure, while Good capital structure is observed at Titan Company and P N Gadgil Jewellers, Average at Thangamayil Jew., and Below Average at PC Jeweller, Bluestone Jewel, Sky Gold & Diamonds, and Senco Gold.<BR><BR>Return Snapshot: Thangamayil Jew. has the highest 1-year return at 179.21%, while Kalyan Jewellers has the lowest at -37.69%. Kalyan Jewellers' return is significantly lower than all peers. Additionally, the six-month return is negative for Kalyan Jewellers, PC Jeweller, Ethos, and P N Gadgil Jewellers.

Are Kalyan Jewellers India Ltd latest results good or bad?

Kalyan Jewellers India Ltd's latest results show strong revenue growth of 66.22% year-on-year, reaching ₹10,274.94 crores, but profitability concerns arise with a slight decline in net profit and decreasing operating margins. While the growth is impressive, rising costs and margin pressures suggest caution for potential investors.

Kalyan Jewellers India Ltd's latest results present a mixed picture. On one hand, the company achieved impressive revenue growth of 66.22% year-on-year, reaching ₹10,274.94 crores in Q4 FY26. This growth reflects the effectiveness of its aggressive expansion strategy and market share gains in the jewellery sector.<BR><BR>However, there are notable concerns regarding profitability. The net profit for the quarter was ₹409.50 crores, which, while up 118.27% year-on-year, showed a slight decline of 1.63% compared to the previous quarter. Additionally, the operating margin decreased to 7.16%, down from 7.26% in Q3 FY26, indicating some pressure on profitability despite strong revenue growth.<BR><BR>Rising interest costs are also a significant concern, having increased by 24.56% sequentially, which adds to the financial strain. The company's return on equity (ROE) remains strong at 17.43%, but the overall financial performance suggests a need for careful monitoring of profitability quality and operational efficiency.<BR><BR>In summary, while Kalyan Jewellers demonstrates strong revenue growth and solid market positioning, the pressures on margins and rising costs warrant caution for potential investors. The results can be seen as good in terms of growth but raise questions about sustainability and profitability moving forward.

Should I buy, sell or hold Kalyan Jewellers India Ltd?

Is Kalyan Jewellers technically bullish or bearish?

As of December 3, 2025, Kalyan Jewellers is in a bearish trend with moderate strength, indicated by daily moving averages and weekly Bollinger Bands, despite a mildly bullish weekly MACD.

As of 3 December 2025, the technical trend for Kalyan Jewellers has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages indicating bearishness, along with the weekly Bollinger Bands also showing a bearish signal. The MACD on a weekly basis is mildly bullish, but this is offset by the monthly MACD being mildly bearish. The KST and OBV on a weekly basis are both mildly bearish, further supporting the bearish outlook. Overall, the combination of these indicators suggests a negative technical environment for Kalyan Jewellers.

How has been the historical performance of Kalyan Jewellers?

Kalyan Jewellers has shown significant growth in net sales, increasing from ₹10,100.92 crore in March 2020 to ₹25,045.07 crore in March 2025, with profitability improving from a loss of ₹6.07 crore to a profit of ₹714.17 crore during the same period. The company's total assets and liabilities have also expanded, reflecting its strong operational performance.

Answer:<BR>The historical performance of Kalyan Jewellers shows significant growth in net sales and profitability over the years, culminating in the fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Kalyan Jewellers has demonstrated a strong upward trend in net sales, increasing from 10,100.92 crore in March 2020 to 25,045.07 crore in March 2025. This growth is accompanied by a rise in total operating income, which mirrors the sales increase, reaching 25,045.07 crore in March 2025. The raw material costs also rose significantly, from 8,469.29 crore in March 2020 to 22,257.33 crore in March 2025, reflecting the higher sales volume. Operating profit, excluding other income, has improved from 594.31 crore in March 2021 to 1,517.18 crore in March 2025, while profit before tax has surged from 39.36 crore in March 2021 to 959.60 crore in March 2025. Profit after tax followed suit, increasing from a loss of 6.07 crore in March 2021 to a profit of 714.17 crore in March 2025. The company's total assets have also expanded, reaching 15,013.43 crore in March 2025, up from 8,210.58 crore in March 2020. Total liabilities increased to 15,013.43 crore in March 2025, reflecting the company's growth strategy. Cash flow from operating activities has shown a positive trend, amounting to 1,209.00 crore in March 2025, although cash flow from financing activities remains negative at -840.00 crore. Overall, Kalyan Jewellers has exhibited robust growth in revenue and profitability, alongside an increase in assets and liabilities, indicating a strong operational performance.

Is Kalyan Jewellers overvalued or undervalued?

As of November 10, 2025, Kalyan Jewellers is considered undervalued with a PE ratio of 56.58 and favorable comparisons to peers, despite recent underperformance, indicating potential for recovery and growth.

As of 10 November 2025, Kalyan Jewellers has moved from an expensive to an attractive valuation grade. The company appears to be undervalued given its current metrics, particularly with a PE ratio of 56.58, an EV to EBITDA of 45.81, and a Price to Book Value of 0.99. These figures suggest that the stock is trading at a lower valuation compared to some peers in the industry.<BR><BR>In comparison to its peers, Kalyan Jewellers has a lower PE ratio than Titan Company, which stands at 81.74, and a more favorable EV to EBITDA ratio compared to Thangamayil Jewellers at 53.60. Additionally, the PEG ratio of 1.17 indicates reasonable growth expectations relative to its price. While the stock has underperformed the Sensex year-to-date, with a return of -33.46% compared to the Sensex's 6.91%, its strong performance over three years at 396.01% suggests potential for recovery and growth.

Who are the top shareholders of the Kalyan Jewellers?

The top shareholders of Kalyan Jewellers include promoter Kalyanaraman T S with 22.29%, mutual funds holding 10.49%, foreign institutional investors at 16.89%, and individual investors collectively owning 7.21%. The largest public shareholder is the Motilal Oswal Midcap Fund with 7.09%.

The top shareholders of Kalyan Jewellers include a mix of promoters, institutional investors, and individual shareholders. The majority of the shares are held by promoters, with Kalyanaraman T S being the promoter with the highest holding at 22.29%. Additionally, mutual funds hold 10.49% of the company through 23 schemes, while foreign institutional investors (FIIs) account for 16.89% with 489 FIIs involved. The highest public shareholder is the Motilal Oswal Midcap Fund, which holds 7.09%. Individual investors collectively own 7.21% of the company.

When is the next results date for Kalyan Jewellers?

No Upcoming Board Meetings

Has Kalyan Jewellers declared dividend?

Yes, Kalyan Jewellers has declared a 12% dividend, amounting to ₹1.2 per share, with an ex-date of August 9, 2024. The company has shown significant total returns over various periods, particularly strong in the long term despite recent fluctuations.

Kalyan Jewellers India Ltd has declared a 12% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 12%<BR>- Amount per share: 1.2<BR>- Ex-date: 09 Aug 2024<BR><BR>Dividend Yield: 0.22%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, Kalyan Jewellers experienced a price return of -22.56%, with no dividend return, resulting in a total return of -22.56%.<BR><BR>Over the past year, the company saw a price return of 41.74% and a dividend return of 0.29%, leading to a total return of 42.03%.<BR><BR>In the last 2 years, Kalyan Jewellers achieved a remarkable price return of 410.18% alongside a dividend return of 1.28%, culminating in a total return of 411.46%.<BR><BR>For the 3-year period, the company reported a price return of 834.13% and a dividend return of 2.93%, resulting in a total return of 837.06%.<BR><BR>In the last 4 years, Kalyan Jewellers had a price return of 600.74% and a dividend return of 2.15%, yielding a total return of 602.89%.<BR><BR>Over the past 5 years, the company experienced no price return and no dividend return, resulting in a total return of 0.0%.<BR><BR>Overall, Kalyan Jewellers has declared a dividend while also showing significant total returns over various periods, particularly in the longer terms, indicating strong performance despite some fluctuations in the short term.