Aug 26, 2021 08:56 PM IST
Post pandemic, there has been a shift towards the organised players such as Thangamayil Jewellery (TMJL). With implementation of mandatory hallmarking regulation in the jewellery space, the pricing gap between unorganised and organised segment will shrink further, resulting in an advantage for the organised segment in the long run. At CMP, the stock is trading at attractive P/E of ~11x FY23 projected earnings. TMJL also has strong return ratios in excess of 20%. We advise investors to add the stock in the portfolio, here’s why
- Aug 26, 2021 10:21 AM IST
TMJL has been enhancing its product portfolio, with a focus on high margin value-added jewellery items
- Jul 08, 2021 10:22 AM IST
Apart from the key jewellery business, watches and wearables are witnessing rapid recovery in customer walk-ins, which was not the case in FY21. We expect FY22 to be a much stronger year for Titan
- Jun 30, 2021 09:53 AM IST
With easing of restrictions and pent-up demand, we expect Thangamayil Jewellers to deliver growth in FY22 as well
- May 27, 2021 06:00 PM IST
Company's Executive Director Ramesh Kalyanaraman attributes the change to a massive shift of customers from the unorganised sector to the organised gold jewellery trade.
- Apr 12, 2021 07:10 PM IST
Kalyan Jewellers says customers prefer its standalone showrooms over small shops because of better safety protocols during the pandemic and the quality of its products. The company's executive director Ramesh Kalyanaraman says its 14 new stores being launched will break even from day-1 as major costs like advertising are borne by existing stores.
- Apr 08, 2021 12:58 PM IST
Revenue growth for the first two months of the quarter (January and February) was approximately 35 percent, while growth in March was significantly higher, skewed by the loss of sales we experienced in the base due to the COVID-19 pandemic’s impact on our retail operations in March 2020, it added.
- Mar 18, 2021 12:58 PM IST
Hem Securities has come out with its report on Kalyan Jewellers. The research firm has recommended to ''Subscribe'' the ipo in its research report as on March 16, 2021.
- Mar 16, 2021 12:35 PM IST
Each of these companies could list with healthy gains. But it’s a tricky call because strong listing gains do not mean a company is necessarily a good long-term pick. We look at what the experts recommend.
- Mar 10, 2021 10:21 PM IST
This would be the first listing by a pure-play jewellery player since PC Jewellers hit the markets in December 2012. As of June 30, 2020, Kalyan Jewellers had 107 showrooms located across 21 states and Union territories in India and also had an international presence with 30 showrooms located in the Middle East.
- Jul 31, 2020 10:13 PM IST
The company has started work on the IPO and is likely to file its DRHP with SEBI by August-end or early September
- Apr 25, 2020 03:43 PM IST
Experts see gold prices touching Rs 53,000-55000 per 10 gram by next Akshay Tritiya.
- Mar 26, 2020 04:24 PM IST
Even though there may be a temporary slow-down in revenues and profitability, at Kalyan Jewellers, we will continue to support all our staff financially and emotionally, TS Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers said.
- Jul 23, 2018 08:19 AM IST
All India Bank Officers' Confederation, an organisation claiming to have membership of around 3,20,000 officers, last week threatened to sue Kalyan Jewellers accusing it of "casting aspersion and hurting the sentiments of millions of personnel" through the advertisement.
- Jul 05, 2018 08:20 PM IST
Kalyan Jewellers at present has 122 company-owned stores, of which 90 are in India and 32 are in the Middle East, including Kuwait, Qatar, Oman and the UAE.
- Apr 04, 2017 04:05 PM IST
On the back of trust, transparency and innovation, the Thrissur-based Kalyan Jewellers has risen to national and international prominence
- Apr 03, 2017 01:39 PM IST
With the second round of investment, the American PE firm's total investment in Kalyan Jewellers has increased to Rs 1,700 crore. It had invested Rs 1,200 crore in 2014.
- Jan 05, 2017 01:52 PM IST
The company said it is also looking to augment its reach with investment in digital foray and relaunch of its purchase advance scheme, compliant with the prevailing regulations.
- Mar 17, 2016 08:10 PM IST
ï¿½Kerala-based Kalyan Jewellers today
announced its foray into Qatar later in the month.
- Mar 14, 2016 07:20 PM IST
Bollywood actress Sonam Kapoor
has replaced Aishwarya Rai Bachchan as the brand ambassador
for a leading jewellery company.
- Feb 11, 2016 09:14 AM IST
Kalyan Jewellers Chairman and MD T S Kalyanaraman said online jewellery sales is growing at more than 70 percent per annum, valued at more than Rs 1,200 crore.
- Oct 20, 2014 12:26 PM IST
The Indian jewellery manufacturer and retailer will use the capital for expansion purposes, said sources.