Shares of Kalyan Jewellers India were trading with a gain of 4.38% at Rs 530.80 in Wednesday's session, driven by high volume. The stock is a constituent of the Nifty Midcap 150 index.
The trading volume in Kalyan Jewellers India witnessed a surge during the day's session, indicating increased investor interest and activity in the counter.
Financial Performance
The following table summarizes the key consolidated financial figures for Kalyan Jewellers India.
| Financial Year | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS | BVPS | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| 2021 | 8,573.31 | -6.07 | -0.07 | 27.44 | -0.22 | 1.14 |
| 2022 | 10,817.93 | 224.03 | 2.18 | 30.46 | 7.14 | 1.07 |
| 2023 | 14,071.45 | 431.93 | 4.20 | 35.28 | 11.91 | 0.97 |
| 2024 | 18,548.29 | 596.29 | 5.80 | 40.66 | 14.25 | 0.79 |
| 2025 | 25,045.07 | 714.17 | 6.93 | 46.57 | 14.88 | 0.69 |
The company has demonstrated strong financial performance over the past five years. Revenue increased significantly from Rs 8,573.31 Crore in 2021 to Rs 25,045.07 Crore in 2025. Net profit has also shown substantial growth, from a loss of Rs 6.07 Crore in 2021 to a profit of Rs 714.17 Crore in 2025. The EPS has risen from -0.07 in 2021 to 6.93 in 2025, and the debt-to-equity ratio has decreased from 1.14 in 2021 to 0.69 in 2025.
Quarterly Financials
The table below presents the consolidated quarterly financial performance of Kalyan Jewellers India.
| Quarter | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS |
|---|---|---|---|
| Jun 2024 | 5,535.48 | 177.56 | 1.73 |
| Sep 2024 | 6,065.48 | 130.33 | 1.27 |
| Dec 2024 | 7,286.88 | 218.68 | 2.12 |
| Mar 2025 | 6,181.53 | 187.61 | 1.82 |
| Jun 2025 | 7,268.48 | 264.08 | 2.56 |
Kalyan Jewellers India has displayed consistent revenue and net profit growth over the recent quarters. Revenue increased from Rs 5,535.48 Crore in June 2024 to Rs 7,268.48 Crore in June 2025. Net profit also rose from Rs 177.56 Crore to Rs 264.08 Crore during the same period. Earnings per share (EPS) increased from Rs 1.73 in June 2024 to Rs 2.56 in June 2025.
Standalone Yearly Income Statement
The following table presents the standalone yearly income statement.
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales | 21,638 | 15,782 | 11,584 | 9,056 | 7,325 |
| Other Income | 148 | 76 | 42 | 42 | 52 |
| Total Income | 21,787 | 15,859 | 11,626 | 9,098 | 7,378 |
| Total Expenditure | 20,605 | 14,873 | 10,867 | 8,545 | 6,874 |
| EBIT | 1,181 | 985 | 759 | 553 | 503 |
| Interest | 249 | 241 | 234 | 263 | 316 |
| Tax | 243 | 190 | 135 | 75 | 49 |
| Net Profit | 688 | 554 | 389 | 214 | 138 |
The following table presents the standalone quarterly income statement.
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Sales | 6,142 | 5,350 | 6,392 | 5,226 | 4,687 |
| Other Income | 52 | 42 | 34 | 27 | 25 |
| Total Income | 6,194 | 5,392 | 6,427 | 5,254 | 4,712 |
| Total Expenditure | 5,777 | 5,074 | 6,077 | 5,024 | 4,428 |
| EBIT | 416 | 317 | 350 | 229 | 283 |
| Interest | 72 | 68 | 58 | 62 | 60 |
| Tax | 87 | 64 | 73 | 46 | 58 |
| Net Profit | 256 | 185 | 217 | 120 | 165 |
The following table presents the cash flow data.
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Operating Activities | 973 | 985 | 714 | 108 | 515 |
| Investing Activities | -293 | -116 | -361 | 143 | -309 |
| Financing Activities | -513 | -832 | -375 | -473 | -22 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 167 | 36 | -23 | -221 | 183 |
The following table presents the balance sheet data.
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Share Capital | 1,031 | 1,030 | 1,030 | 1,030 | 1,030 |
| Reserves & Surplus | 3,745 | 3,136 | 2,636 | 2,233 | 1,995 |
| Current Liabilities | 6,640 | 5,790 | 4,870 | 3,917 | 4,238 |
| Other Liabilities | 1,291 | 970 | 660 | 575 | 648 |
| Total Liabilities | 12,709 | 10,928 | 9,197 | 7,755 | 7,912 |
| Fixed Assets | 1,920 | 1,664 | 1,311 | 1,403 | 1,483 |
| Current Assets | 8,789 | 7,859 | 6,694 | 5,305 | 5,481 |
| Other Assets | 1,999 | 1,405 | 1,192 | 1,047 | 946 |
| Total Assets | 12,709 | 10,928 | 9,197 | 7,755 | 7,912 |
| Contingent Liabilities | 1,716 | 1,766 | 1,411 | 1,330 | 1,383 |
The following table presents the financial ratios data.
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 6.68 | 5.38 | 3.78 | 2.08 | 1.63 |
| Diluted Eps (Rs.) | 6.68 | 5.38 | 3.78 | 2.08 | 1.44 |
| Book Value /Share (Rs.) | 46.32 | 40.45 | 35.60 | 31.68 | 29.37 |
| Dividend/Share (Rs.) | 1.50 | 1.20 | 0.50 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 6.59 | 7.55 | 8.42 | 8.10 | 9.24 |
| Operating Margin (%) | 5.46 | 6.24 | 6.84 | 6.11 | 6.87 |
| Net Profit Margin (%) | 3.18 | 3.51 | 3.36 | 2.36 | 1.88 |
| Return on Networth (%) | 14.41 | 13.29 | 10.63 | 6.56 | 4.56 |
| ROCE (%) | 19.47 | 19.18 | 18.31 | 14.41 | 13.70 |
| Return On Assets (%) | 5.41 | 5.06 | 4.23 | 2.76 | 1.74 |
| Current Ratio (X) | 1.32 | 1.36 | 1.37 | 1.35 | 1.29 |
| Quick Ratio (X) | 0.18 | 0.19 | 0.20 | 0.14 | 0.26 |
| Debt to Equity (x) | 0.40 | 0.52 | 0.66 | 0.73 | 0.79 |
| Interest Coverage (X) | 5.72 | 4.93 | 4.16 | 2.78 | 2.14 |
| Asset Turnover Ratio (%) | 1.83 | 1.57 | 1.37 | 1.16 | 1.00 |
| Inventory Turnover Ratio (X) | 3.02 | 2.33 | 2.07 | 1.78 | 1.65 |
| 3 Yr CAGR Sales (%) | 54.58 | 46.78 | 21.51 | 10.27 | -5.79 |
| 3 Yr CAGR Net Profit (%) | 79.32 | 100.21 | 57.90 | 118.33 | 0.23 |
| P/E (x) | 69.95 | 79.52 | 27.87 | 28.25 | 41.78 |
| P/B (x) | 10.09 | 10.58 | 2.96 | 1.85 | 2.32 |
| EV/EBITDA (x) | 34.62 | 38.24 | 12.96 | 10.86 | 12.55 |
| P/S (x) | 2.23 | 2.79 | 0.94 | 0.67 | 0.96 |
Kalyan Jewellers India announced a final dividend of Rs 1.50 per share (15%) on May 8, 2025, with the ex-date set as September 4, 2025. Earlier dividends include Rs 1.20 per share (12%) announced on May 10, 2024, and Rs 0.50 per share (5%) announced on May 15, 2023.
Trading at Rs 530.80, Kalyan Jewellers India has shown significant momentum with high volume and a substantial intraday gain of 4.38% as of 2:46 pm.
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