Kalyan Jewellers India Shows Strong Financial Performance in Q1 FY25

Kalyan Jewellers India, a leading jewellery company in the Indian market, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from 7 to 16 in the last three months.

One of the key factors contributing to this positive performance is the company’s strong operating cash flow, which has been consistently growing over the past three years and reached a record high of Rs 985.56 crore annually. This indicates that Kalyan Jewellers has been able to generate higher cash revenues from its business operations.

The company’s profit after tax (PAT) for the half-yearly period has also shown a growth of 32.24% year on year, reaching Rs 315.37 crore. This trend is expected to continue in the near future, indicating a positive outlook for the company.

In terms of net sales, Kalyan Jewellers has achieved its highest figure of Rs 5,535.48 crore in the last five quarters, with a positive trend in the near term. Similarly, the company’s operating profit (PBDIT) has also reached its highest at Rs 376.03 crore in the last five quarters, showing a positive trend in the near term.

Moreover, the company’s profit before tax less other income (PBT) has grown at a rate of 20.4% over the average PBT of the previous four quarters, reaching Rs 215.33 crore in the current quarter. This indicates a positive trend in the near term for the company’s PBT.

Kalyan Jewellers has also been consistently distributing higher dividends to its shareholders, with the highest dividend per share (DPS) of Rs 1.20 in the last five years. The company’s dividend payout ratio (DPR) has also been consistently high at 22.31% in the last five years, indicating that the company is distributing a higher proportion of its profits as dividends.

Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Kalyan Jewellers’ stock. With its strong financial performance and positive trends, Kalyan Jewellers is poised for continued growth in the jewellery industry.