Following the release of a solid set of Q4FY25 financial results, Kalyan Jewellers' shares surged three percent to an intraday high on the BSE this week.

Compared to Rs 4,512 crore in the same quarter previous year, consolidated sales increased 37 percent year over year to Rs 6,182 crore.

In its primary Indian market, net profit increased 41 percent year over year to Rs 185 crore, while standalone revenue increased 38 percent year over year to Rs 5,350 crore.

A successful Akshaya Tritiya sale and ongoing demand for wedding purchases were cited by the corporation as the reasons for the robust rise.

With revenue up 26 percent year over year to Rs 784 crore and net profit up 22 percent to Rs 12 crore, Kalyan's Middle East operations also demonstrated strong development.

However, Candere, the company's online jewelry platform, continued to struggle, reporting a net loss of Rs 12 crore for Q4FY25 despite revenue of Rs 28 crore.

Kalyan Jewellers recorded consolidated revenue of Rs 25,045 crore for the full fiscal year FY25, a 35 percent increase over FY24's Rs 18,516 crore. The net profit for the year was Rs 714 crore, up 20 percent from Rs 596 crore the year before.

 

One of the biggest jewelry merchants in India, Kalyan Jewellers has its headquarters in Thrissur, Kerala, and operates in the US, the Middle East, and India. With 388 showrooms operating worldwide, the company's total retail space exceeds 9,75,000 square feet.

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The stock's average target price, according to Trendlyne data, is Rs 656, representing a 28 percent increase over the current market values. The stock has an average recommendation of 'Strong Buy' from seven analysts.