Kalyan Jewellers shares jump 3% after Q4 net profit rises 36% YoY to Rs 188 crore

Kalyan Jewellers shares jumped 3% to an intraday high of Rs 526.50 on the BSE on Friday after the company posted a strong set of numbers for Q4FY25. Consolidated revenue rose 37% year-on-year to Rs 6,182 crore, compared to Rs 4,512 crore in the same quarter last year.

Net profit jumped 36% YoY to Rs 188 crore, supported by robust demand in both domestic and international markets.

In its core India market, standalone revenue grew 38% YoY to Rs 5,350 crore, while net profit rose 41% YoY to Rs 185 crore. The company attributed the strong growth to a successful Akshaya Tritiya sale and continued demand around wedding purchases.

Kalyan’s Middle East operations also posted solid growth, with revenue rising 26% YoY to Rs 784 crore, and net profit increasing 22% to Rs 12 crore.

The company’s online jewellery platform, Candere, however, continued to struggle, recording a revenue of Rs 28 crore but a net loss of Rs 12 crore for Q4FY25.

Also Read: Defence stocks in focus amid escalating India-Pakistan tensions
For the full financial year FY25, Kalyan Jewellers reported a consolidated revenue of Rs 25,045 crore, up 35% from Rs 18,516 crore in FY24. Net profit for the year stood at Rs 714 crore, a 20% increase from Rs 596 crore in the previous year.

Commenting on the performance, Executive Director Ramesh Kalyanaraman said, “We had an excellent start to the current financial year despite continuing volatility in gold prices. The momentum from the previous year has continued, supported by strong demand during Akshaya Tritiya and the wedding season.”

Headquartered in Thrissur, Kerala, Kalyan Jewellers is one of India’s largest jewellery retailers, with a presence across India, the Middle East, and the United States. The company operates 388 showrooms globally, with a total retail area exceeding 9,75,000 sq ft.

Also Read: GIFT Nifty signals gap-down start on escalating India-Pakistan tensions

Kalyan Jewellers shares price target

As per Trendlyne data, the average target price of the stock is Rs 656, which shows an upside of 28% from the current market prices. The consensus recommendation from 7 analysts for the stock is a ‘Strong Buy’.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)