Kalyan Jewellers Share Price Target for 2024, 2025, 2026, 2027, 2028

Kalyan Jewellers is a large Indian jewellery chain founded in 1993 by T.S. Kalyanaraman. It has over 100 showrooms across India, the Middle East, and the United States. Kalyan Jewellers is known for its wide variety of gold, diamond, and platinum jewellery, as well as its traditional and contemporary designs.

The company has been a pioneer in the use of technology in the jewellery industry, and was one of the first to launch an online store. Kalyan Jewellers has also been a major sponsor of sporting events, such as the Indian Premier League and the Kabaddi World Cup.

In 2021, Kalyan Jewellers became a publicly traded company on the Bombay Stock Exchange. The company’s stock price has more than doubled since its IPO, and it is now one of the most valuable jewellery companies in India.

Kalyan Jewellers has been praised for its commitment to quality and customer service. The company has won numerous awards, including the “Best Jewellery Brand” award at the Images Fashion Awards.

Here are some of the things that make Kalyan Jewellers stand out:

  • Wide variety of jewellery: Kalyan Jewellers offers a wide variety of gold, diamond, and platinum jewellery, in both traditional and contemporary designs.
  • Commitment to quality: Kalyan Jewellers is known for its high-quality jewellery, which is made using the latest technology and craftsmanship.
  • Excellent customer service: Kalyan Jewellers has a reputation for excellent customer service, and its staff is always happy to help customers find the perfect piece of jewellery.
  • Use of technology: Kalyan Jewellers was one of the first jewellery companies to launch an online store, and it has also been a major sponsor of sporting events.

Kalyan Jewellers Overview

Aspect Details
Industry Jewellery Retail
Founded 1993
Founder T. S. Kalyanaraman
Headquarters Thrissur, Kerala, India
Number of Showrooms 154+ (as of December 2023)
Presence All over India, Middle East, and select locations in the US
Products Gold, Diamond, Gemstone, Kundan, and other jewellery
Brands Kalyan Jewellers, Anokhi, Nakshatra, Apoorva, Ameya, Audora, Vedha, Anmol
Key strengths Wide range of designs, focus on regional preferences, quality assurance, transparent pricing, customer education
Milestones Publicly listed on NSE & BSE in 2021, 100+ years of family legacy in business
Website https://www.kalyanjewellers.net/

Kalyan Jewellers Products

Category Collection Description
Gold Jewellery Mudhra Traditional designs with a modern twist, perfect for everyday wear.
Nivara Exquisite bridal jewellery collections for the special day.
Sankalp Contemporary and elegant gold jewellery for the modern woman.
Nimah Delicate and intricate gold jewellery perfect for gifting.
Ziah Bold and stylish gold jewellery for the fashion-forward.
Diamond Jewellery Glo Stunning diamond jewellery for special occasions.
Adora Delicate and understated diamond jewellery for everyday elegance.
Vedha Traditional diamond jewellery with a modern touch.
Anmol Exquisite diamond jewellery for the discerning customer.
Gemstone Jewellery Anokhi Vibrant and colorful gemstone jewellery inspired by Indian heritage.
Nakshatra Gemstone jewellery based on astrological patterns.
Other Jewellery Kundan Traditional Indian bridal jewellery with intricate gold and gemstone work.
Temple Jewellery Auspicious jewellery inspired by South Indian temple designs.

Kalyan Jewellers Awards and Recognition

Year Award Category Presented by
2023 Best Social Media Campaign Award Retail Jeweller India Awards Retail Jeweller India
2021 Publicly listed on NSE & BSE Stock Exchanges Indian Government
2018 Hurun Industry Achievement Award Jewellery Category Barclays Hurun Most Respected Entrepreneur Award Ceremony
2018 Lifestyle Brand Of The Year Award Economic Times India-UAE Strategic Conclave
2017 Most Admired Jewellery Brand Kerala Brand Equity
2017 Best Regional Chain of Jewellery Showrooms (South) Retail Jeweller India Awards
2015 Asia’s Most Promising Brand Award Jewellery Retail Frost & Sullivan
2013 Business Leader of the Year – South India CNBC – TV18
2011 Fastest Growing Mid-Sized Enterprises Jewellery Retail Deloitte Technology Fast 50 India
2009 Outstanding Marketing Award Jewellery Retail Indian Gem & Jewellery Association

Kalyan Jewellers Share Price Target-

Kalyan Jewellers Fundamentals

Fundamental Value
Market Capitalization INR 36,314.50 Cr
Revenue INR 12,000 Cr (FY 2023)
EBITDA INR 1,500 Cr (FY 2023)
P/E Ratio 70.00
P/B Ratio 9.24
Dividend Yield N/A
Debt/Equity Ratio 3.25
Book Value INR 33.93
Face Value INR 10
ROE 11.25 %
Debt 2,415.19 Cr.

Kalyan Jewellers Revenue and Net Profit

Period Revenue (Cr) Net Profit (Cr) Year-over-Year (YoY) Growth (%)
Q2 FY24 (Sep 2023) 4,414.53 134.87 27.11
Q1 FY24 (Jun 2023) 4,375.74 144.47 31.30
FY23 (Mar 2023) 10,818 224 26.00
FY22 (Mar 2022) 8,582 178

Kalyan Jewellers Shareholding Patterns

Category Shareholding (%)
Promoter Group 60.55
Public 39.46
Non-Promoter Non-Public 0.00
Shares Underlying DRs 0.00
Shares Held By Employee Trust 0.00

Kalyan Jewellers Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Average Target (INR)
2024 335.5
2025 414
2026 432.5
2027 489
2028 543

Kalyan Jewellers Share Price Target for 2024

Kalyan Jewellers Share Price Target for 2024 is 335.5.

Kalyan Jewellers Share Price Target for 2025

Kalyan Jewellers Share Price Target for 2025 is 414.

Kalyan Jewellers Share Price Target for 2026

Kalyan Jewellers Share Price Target for 2026 is 432.5.

Kalyan Jewellers Share Price Target for 2027

Kalyan Jewellers Share Price Target for 2027 is 489.

Kalyan Jewellers Share Price Target for 2028

Kalyan Jewellers Share Price Target for 2028 is 543.

Kalyan Jewellers Share Split History

Kalyan Jewellers has not undergone any stock splits since its public listing on the NSE and BSE in 2021 and its previous existence as a private company.

Future Outlook of Kalyan Jewellers


  • Favourable market: The Indian jewellery market is expected to grow significantly due to rising incomes, urbanization, and changing consumer preferences. This presents a clear opportunity for Kalyan Jewellers, a leading player in the industry.
  • Strong brand presence: Kalyan Jewellers has built a strong brand image through celebrity endorsements, diverse collections, and focus on quality and transparency. This loyal customer base will be crucial for future growth.
  • Expansion plans: The company’s ambitious plans to open new showrooms, particularly in non-South regions, can expand its reach and tap into new customer segments.
  • Focus on innovation: Kalyan Jewellers invests in design innovation and digital initiatives, keeping pace with changing consumer preferences and market trends.

Read more:

Risks Associated With Investing in Kalyan Jewellers

Category Risk Description Impact
Financial and Operational Risks Fluctuations in Gold Price: Gold is the primary raw material for Kalyan Jewellers, and its price volatility can significantly impact profitability. Lower profit margins, reduced revenue, higher inventory costs.
Intense Competition: The Indian jewellery market is crowded with established players and online retailers. Market share loss, lower sales, price pressure.
Dependent on Consumer Spending: Jewellery is considered a discretionary item, and consumer spending can be affected by economic downturns or inflation. Lower demand, reduced sales, inventory buildup.
Debt Levels: Kalyan Jewellers carries a relatively high debt-to-equity ratio, increasing financial risk. Increased interest expenses, reduced financial flexibility, vulnerability to rising interest rates.
Operational Inefficiencies: The company’s expansion plans and diverse product offerings may lead to operational complexities and inefficiencies. Higher costs, delayed deliveries, quality control issues.
Strategic and Industry Risks: Changing Consumer Preferences: Consumer tastes and trends in jewellery can evolve rapidly, potentially rendering existing inventory obsolete. Reduced sales, need for frequent product innovation, higher marketing costs.
Government Regulations: Government policies like import restrictions or taxes on gold can negatively impact the jewellery industry. Higher operating costs, reduced profitability, uncertainty in business environment.
Sustainability Concerns: Ethical sourcing of gold and diamonds is increasingly important for consumers. Failure to address these concerns can damage brand reputation and lead to boycotts. Loss of customer trust, negative publicity, brand value erosion.
Management and Governance Risks: Limited Track Record as a Public Company: Kalyan Jewellers has a short history as a publicly-listed company, leading to limited data and information for investors. Uncertainty about future performance, higher risk perception.
Concentration of Ownership: Promoters hold a significant majority stake, limiting minority shareholder influence and potentially raising governance concerns. Potential for decisions prioritizing promoter interests over minority shareholders.

Kalyan Jewellers Competitors

Category Competitor Description Strengths Weaknesses
National Chains: Tanishq (Titan Company Ltd.) Major national chain with strong brand presence and diverse offerings. Established brand, wide network, strong marketing. Higher price points, less regional customization.
PC Jeweller Ltd. Popular chain known for competitive pricing and celebrity endorsements. Affordable prices, aggressive marketing, regional presence. Lower brand perception, potential quality concerns.
Senco Gold Ltd. Established player with a focus on traditional designs and eastern markets. Strong regional presence, loyal customer base, heritage brand. Limited geographical reach, less modern designs.
Regional Players: Joyalukkas Strong presence in South India, known for innovative designs and value for money. Regional dominance, design innovation, attractive pricing. Limited presence outside South India, less focus on traditional designs.
GRT Jewellers Leading player in South India, known for large showrooms and high-end collections. Luxury image, strong regional presence, wide product range. Higher price points, less focus on value, limited online presence.
Online Retailers: BlueStone Online jeweller offering contemporary designs and competitive prices. Convenient online shopping, innovative designs, affordable options. Limited physical presence, branding challenges, dependence on technology.
Melorra Online platform for personalized jewellery with custom designs and flexible pricing. Customization options, trendy designs, unique offerings. Brand awareness, profitability concerns, trust in online jewellery purchase.

Kalyan Jewellers Share Price FAQs

Q: Is it a good time to invest in Kalyan Jewellers?

A: Whether or not it’s a good time to invest in Kalyan Jewellers depends on your individual financial goals and risk tolerance. It’s crucial to conduct your own research, consider your financial situation, and consult financial professionals before making any investment decisions.

Q: Where can I find more information about Kalyan Jewellers’ share price?

A: You can find the latest share price information on the websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Additionally, financial news websites and financial portals like Moneycontrol and Bloomberg can provide news articles, analyst reports, and historical data on Kalyan Jewellers’ share price.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top