In the ever-fluctuating world of stocks and shares, Kalyan Jewellers India Ltd has proven itself as a gem, offering glittering returns to its shareholders. Over the past year, this jewelry brand’s stock has surged, more than doubling the investment for its shareholders.
Currently, the stock is listed at INR 258.15 on the Bombay Stock Exchange (BSE) and INR 257.25 on the National Stock Exchange (NSE). Data from BSE shows an impressive hike of over 147% in just the last six months. On April 6, 2023, the stock was valued at INR 104.3. Fast forward six months, and it has rocketed to INR 258.15, a staggering rise of 147.5%. Over the year, starting from October 7, 2022, when the stock was at INR 101.7, the stock has given a return of almost 154%. This has effectively more than doubled the investors’ money.
The company’s recent business updates have also been promising. Kalyan Jewellers recently reported a 27% year-on-year growth in its consolidated revenue. For the period between April-September 2023, the revenue growth stood at 29%. During the last quarter, the company recorded a 32% revenue growth in its India operations alone. Demonstrating its aggressive expansion strategy, Kalyan Jewellers opened 13 new showrooms in non-South markets during July-September 2023, with plans to inaugurate another 26 in the next 40 days. By Diwali, their goal is to increase the count of new showrooms to 51 for the fiscal year 2023-24.
Kalyan Jewellers boasts a legacy that traces back to one of India’s oldest business families. Founded in 1908, the company ventured into jewelry retailing in 1993. As per the brand’s website, today, Kalyan Jewellers has more than 150 showrooms across India and the Middle East, with 120 of those located within India.
Kalyan Jewellers, with its rich history and aggressive growth strategies, seems set on a path of shining success, turning investments into valuable treasures for its shareholders.
