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Kalyan Jewellers India is currently trading at Rs. 165.45, up by 11.55 points or 7.50% from its previous closing of Rs. 153.90 on the BSE.

The scrip opened at Rs. 157.25 and has touched a high and low of Rs. 166.50 and Rs. 157.25 respectively. So far 1281843 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.50 on 07-Jul-2023 and a 52 week low of Rs. 62.20 on 14-Jul-2022.

Last one week high and low of the scrip stood at Rs. 166.50 and Rs. 139.65 respectively. The current market cap of the company is Rs. 17042.23 crore.

The promoters holding in the company stood at 60.55%, while Institutions and Non-Institutions held 32.26% and 7.19% respectively.

Kalyan Jewellers India has witnessed around 31% consolidated revenue growth in April- June quarter (Q1FY24). The company has witnessed revenue growth of around 34% for India operations during the recently concluded quarter as compared to Q1FY23. Strong operating momentum has been consistent and sustained through the entire quarter, including during Akshaya Tritiya, underpinning the resilience of its category within the overall consumption basket and demonstrating strong execution in the market by its operating team on the ground. 

While momentum in same store revenue growth was broad-based across geographies, non-south markets recorded higher overall revenue growth largely due to the greater number of showrooms launched in that region over the last twelve months. Gross margin at the showroom level has improved as compared to the same period in the previous financial year and has remained broadly in line with the prior quarter. 

The company added 12 new ‘Kalyan’ showrooms across non-south markets during the recently concluded quarter and expects to launch around 20 new showrooms across non-south markets before Diwali, as part of its previously communicated plan of launching 52 new showrooms during the current year.

In the Middle East, the company continued to witness robust momentum in footfalls and revenue driven by strong economic activity in the region. Revenue growth for the recently concluded quarter was around 21%. Middle East contributed around 16% to its consolidated revenue for the recently concluded quarter. Its online jewellery platform, Candere, recorded a revenue de-growth of around 22% during the recently concluded quarter as compared to the same period during the last year.  

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.