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.
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 Fundamentals
| Fundamental | Value |
|---|---|
| Market Capitalization | INR 36,314.50 Cr |
| Revenue | INR 12,000 Cr (FY 2023) |
| EBITDA | INR 1,500 Cr (FY 2023) |
| EPS | N/A |
| 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
Positives:
- 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.
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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.
