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Kalyan Jewellers: Will it add glitter to your portfolio?

Even though Kalyan Jewellers is present in 21 states, it is still largely a regional player as it derives about 60 per cent revenues from South India

March 16, 2021 / 07:38 PM IST
Kalyan Jewellers: Will it add glitter to your portfolio?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

 Kalyan Jewellers Ltd (KJL), with a network of 137 stores, is one of the leading jewellery companies in India. KJL is dominant in South India, and the region accounts for 60 per cent of its overall revenues, and 27 per cent revenues come from non-South Indian states. KJL also has a presence in the Middle East (13 per cent of revenues), with 30 stores. (image) Objects of the issue: KJL aims to raise Rs 1,175 crore, out of which Rs...

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