Kalyan Jewellers Shines with 27% Q1 Revenue Surge, Preps for Festive Season

Kalyan Jewellers India reports a 27% Q1 revenue increase, plans new showrooms, and launches fresh collections for the festive season, starting with Onam.
Kalyan Jewellers Shines with 27% Q1 Revenue Surge, Preps for Festive Season

Kalyan Jewellers India shares are in focus after reporting a 27% revenue increase for Q1. The company remains optimistic about upcoming showroom launches and is preparing new collections and campaigns for the festive and wedding season, beginning with Onam at the quarter’s end.

Despite gold price volatility and a strong base quarter, Kalyan Jewellers showed robust performance across India and the Middle East. The company plans to launch over 130 new showrooms in FY25, with an additional 40 Kalyan showrooms, 30 Candere showrooms, and its first US showroom by Diwali.

In the June quarter, Kalyan Jewellers launched 24 new showrooms across its Kalyan and Candere formats, bringing the total to 277 showrooms. This includes 217 in India, 36 in the Middle East, and 24 Candere showrooms. The stock has surged 233% in the past year and 703% in the past two years.

For 2024, Kalyan Jewellers’ stock is up 36%, outperforming the BSE Sensex’s 11% rise. The company’s strong growth trajectory is evident, with significant expansion plans and a positive outlook for the future.

In the Middle East, Kalyan Jewellers recorded a 16% revenue growth in Q1, largely driven by same-store sales growth. The Middle East contributed 15% to the company’s consolidated revenue for the recently concluded quarter, highlighting its strong international performance.

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