Kalyan Jewellers hits new 52-week high on reporting 20% consolidated revenue growth in Q2 FY23
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Kalyan Jewellers India is currently trading at Rs. 103.50, up by 3.95 points or 3.97% from its previous closing of Rs. 99.55 on the BSE.
The scrip opened at Rs. 101.30 and has touched a high and low of Rs. 104.60 and Rs. 99.60 respectively. So far 1238297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.60 on 07-Oct-2022 and a 52 week low of Rs. 55.20 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 104.60 and Rs. 93.65 respectively. The current market cap of the company is Rs. 10676.50 crore.
The promoters holding in the company stood at 60.54%, while Institutions and Non-Institutions held 4.73% and 34.73% respectively.
Kalyan Jewellers has reported approximately 20% consolidated revenue growth in Q2 FY2023 as compared to the same period in the previous financial year, and approximately 50% in H1 FY2023 as compared to the same period in the previous financial year. Consolidated revenue during the recently concluded quarter grew at a CAGR of approximately 18% over the last 3 years (i.e. as compared to Q2 FY2020; pre-COVID).
India standalone operations recorded revenue growth of approximately 14% during the recently concluded quarter as compared to the same period in the previous year, despite a strong base (Q2 of the previous financial year benefitted from pent-up demand caused by COVID-driven lockdowns in various parts of India during Q1 FY2022). Revenue growth in H1 FY2023 was approximately 48% as compared to the same period in the previous financial year.
Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.
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