Kalyan Jewell.India
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By Bharath Rajeswaran
May 13 (Reuters) - Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global Standard Index in its latest periodic review, announced earlier on Wednesday, with the changes set to take effect on May 29, 2026.
Federal Bank FED.NS, Multi Commodity Exchange of India MCEI.NS, National Aluminium NALU.NS and Indian Bank INBA.NS will enter the index, while Hyundai Motor India HYUN.NS, Jubilant Foodworks JUBI.NS, Kalyan Jewellers KALN.NS and Rail Vikas Nigam RAIV.NS will be excluded.
India's weight in the MSCI Global Standard Index remains broadly steady at 12.3%, compared with 12.4% after the February review, while the number of Indian constituents is unchanged at 165.
Adani Energy Solutions ADAI.NS, initially seen as a provisional addition, has been left out after being placed under the NSE's additional surveillance mechanism framework, a watchlist for unusual trading activity that makes the stock ineligible for inclusion.
MSCI indexes are key global benchmarks tracked by large passive funds, making index changes a significant driver of stock-specific flows.
Inclusions typically attract fresh passive capital, while deletions often trigger outflows as funds rebalance portfolios.
Nuvama Quantitative and Alternative Research expects passive inflows of $491 million into Federal Bank, $373 million into MCX, $308 million into National Aluminium and $209 million into Indian Bank.
On the other side, Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam are projected to see outflows of $281 million, $161 million, $137 million and $136 million, respectively.
Adani Power ADAN.NS, BPCL BPCL.NS, FSN E-Commerce FSNE.NS, Trent TREN.NS and Oracle Financial Services ORCL.NS are also expected to draw inflows due to higher weightages, while weights for HUL HLL.NS, Bajaj Finance BJFN.NS, TCS TCS.NS, ONGC ONGC.NS and Ultratech Cement ULTC.NS, among others, were trimmed.
While the Global Standard Index saw balanced additions and deletions, MSCI's small-cap index had heavier exclusions, reducing India's small-cap count to 459 from 474.
MSCI adds four Indian stocks, removes four from its Global Standard Index https://reut.rs/4u7NU9Z
Weightages of five Indian stocks raised in MSCI Global Standard Index https://reut.rs/3Pj88yc
Fourteen Indian stocks have been added to MSCI Small Cap Index https://reut.rs/3Pp9lUG
Major deletions of Indian stocks from MSCI Small Cap Index https://reut.rs/49MCFvl
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
May 13 (Reuters) - Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global Standard Index in its latest periodic review, announced earlier on Wednesday, with the changes set to take effect on May 29, 2026.
Federal Bank FED.NS, Multi Commodity Exchange of India MCEI.NS, National Aluminium NALU.NS and Indian Bank INBA.NS will enter the index, while Hyundai Motor India HYUN.NS, Jubilant Foodworks JUBI.NS, Kalyan Jewellers KALN.NS and Rail Vikas Nigam RAIV.NS will be excluded.
India's weight in the MSCI Global Standard Index remains broadly steady at 12.3%, compared with 12.4% after the February review, while the number of Indian constituents is unchanged at 165.
Adani Energy Solutions ADAI.NS, initially seen as a provisional addition, has been left out after being placed under the NSE's additional surveillance mechanism framework, a watchlist for unusual trading activity that makes the stock ineligible for inclusion.
MSCI indexes are key global benchmarks tracked by large passive funds, making index changes a significant driver of stock-specific flows.
Inclusions typically attract fresh passive capital, while deletions often trigger outflows as funds rebalance portfolios.
Nuvama Quantitative and Alternative Research expects passive inflows of $491 million into Federal Bank, $373 million into MCX, $308 million into National Aluminium and $209 million into Indian Bank.
On the other side, Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam are projected to see outflows of $281 million, $161 million, $137 million and $136 million, respectively.
Adani Power ADAN.NS, BPCL BPCL.NS, FSN E-Commerce FSNE.NS, Trent TREN.NS and Oracle Financial Services ORCL.NS are also expected to draw inflows due to higher weightages, while weights for HUL HLL.NS, Bajaj Finance BJFN.NS, TCS TCS.NS, ONGC ONGC.NS and Ultratech Cement ULTC.NS, among others, were trimmed.
While the Global Standard Index saw balanced additions and deletions, MSCI's small-cap index had heavier exclusions, reducing India's small-cap count to 459 from 474.
MSCI adds four Indian stocks, removes four from its Global Standard Index https://reut.rs/4u7NU9Z
Weightages of five Indian stocks raised in MSCI Global Standard Index https://reut.rs/3Pj88yc
Fourteen Indian stocks have been added to MSCI Small Cap Index https://reut.rs/3Pp9lUG
Major deletions of Indian stocks from MSCI Small Cap Index https://reut.rs/49MCFvl
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
Shares of jewellery retailers down between 6% and 8%
India a big purchaser of gold for weddings, nearly all imported India has lifted tariffs on gold imports before to protect rupee
By Rajendra Jadhav and Nimesh Vora
MUMBAI, May 11 (Reuters) - Shares of Indian jewellery retailers tumbled on Monday after Prime Minister Narendra Modi urged people to refrain from buying gold for a year to protect foreign exchange reserves, stoking fears that tariff hikes to curb imports of the metal may be in the offing.
The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on India's balance of payments and the rupee. India is the world's third-largest oil importer and consumer, meeting more than 90% of its crude oil needs and about half of its natural gas demand through imports.
Modi's remarks about gold on Sunday came in tandem with a range of other measures urged, including fuel conservation, increasing working from home and limits on travel and imports.
Gold is in high demand in India, particularly for weddings with gold jewellery seen as a crucial part of a bride's attire and a popular gift from family and friends. While it is the world's second-largest gold consumer, India relies on imports to meet nearly all of its demand.
Shares of jewellery makers such as Titan TITN.NS, Senco Gold SENC.NS and Kalyan Jewellers KALN.NS fell between 6% and 8% on Monday.
"There are concerns that the government might sharply increase import duty on gold for a year to discourage imports," said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. "Duties could be raised even higher than levels seen in recent years."
In 2012 and 2013, New Delhi hiked tariffs on gold imports to stabilise a rapidly depreciating rupee. Now, jewellers fear that duty cuts made in 2024 to 6% from 15% to curb smuggling could soon be reversed.
A government source said on Monday, however, that the India has no plans raise duties on gold and silver imports.
India's balance of payments is expected to deteriorate sharply this fiscal year to a deficit of about $66 billion to $70 billion, compared with an estimated $26 billion to $28 billion in 2025-26.
Pressure on the rupee has prompted the central bank to sell the dollar and limit the size of trading positions that banks can take. It has also clamped down on arbitrage trades.
(Reporting by Rajendra Jadhav and Nimesh Vora; Editing by Mayank Bhardwaj and Edwina Gibbs)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
Shares of jewellery retailers down between 6% and 8%
India a big purchaser of gold for weddings, nearly all imported India has lifted tariffs on gold imports before to protect rupee
By Rajendra Jadhav and Nimesh Vora
MUMBAI, May 11 (Reuters) - Shares of Indian jewellery retailers tumbled on Monday after Prime Minister Narendra Modi urged people to refrain from buying gold for a year to protect foreign exchange reserves, stoking fears that tariff hikes to curb imports of the metal may be in the offing.
The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on India's balance of payments and the rupee. India is the world's third-largest oil importer and consumer, meeting more than 90% of its crude oil needs and about half of its natural gas demand through imports.
Modi's remarks about gold on Sunday came in tandem with a range of other measures urged, including fuel conservation, increasing working from home and limits on travel and imports.
Gold is in high demand in India, particularly for weddings with gold jewellery seen as a crucial part of a bride's attire and a popular gift from family and friends. While it is the world's second-largest gold consumer, India relies on imports to meet nearly all of its demand.
Shares of jewellery makers such as Titan TITN.NS, Senco Gold SENC.NS and Kalyan Jewellers KALN.NS fell between 6% and 8% on Monday.
"There are concerns that the government might sharply increase import duty on gold for a year to discourage imports," said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. "Duties could be raised even higher than levels seen in recent years."
In 2012 and 2013, New Delhi hiked tariffs on gold imports to stabilise a rapidly depreciating rupee. Now, jewellers fear that duty cuts made in 2024 to 6% from 15% to curb smuggling could soon be reversed.
A government source said on Monday, however, that the India has no plans raise duties on gold and silver imports.
India's balance of payments is expected to deteriorate sharply this fiscal year to a deficit of about $66 billion to $70 billion, compared with an estimated $26 billion to $28 billion in 2025-26.
Pressure on the rupee has prompted the central bank to sell the dollar and limit the size of trading positions that banks can take. It has also clamped down on arbitrage trades.
(Reporting by Rajendra Jadhav and Nimesh Vora; Editing by Mayank Bhardwaj and Edwina Gibbs)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
May 8 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL NET PROFIT 4.1 BILLION RUPEES
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 102.75 BILLION RUPEES
KALYAN JEWELLERS INDIA RECOMMENDS FINAL DIVIDEND OF 2.50 RUPEES PER SHARE
Source : https://nsearchives.nseindia.com/corporate/SBIN_07022026133016_FR_31122025.pdf
Further company coverage: KALN.NS
(([email protected];))
May 8 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL NET PROFIT 4.1 BILLION RUPEES
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 102.75 BILLION RUPEES
KALYAN JEWELLERS INDIA RECOMMENDS FINAL DIVIDEND OF 2.50 RUPEES PER SHARE
Source : https://nsearchives.nseindia.com/corporate/SBIN_07022026133016_FR_31122025.pdf
Further company coverage: KALN.NS
(([email protected];))
April 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
CONSOLIDATED REVENUE GROWTH OF ABOUT 64% Y/Y IN Q4
UPBEAT ABOUT ONGOING QUARTER
ONGOING GEOPOLITICAL SITUATION IN WEST ASIA CAUSED SUPPLY DISRUPTIONS FOR BUILDING MATERIALS IMPACTING SHOWROOM LAUNCHES IN MARCH
Source text: ID:nNSE9pW3wD
Further company coverage: KALN.NS
(([email protected];;))
April 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
CONSOLIDATED REVENUE GROWTH OF ABOUT 64% Y/Y IN Q4
UPBEAT ABOUT ONGOING QUARTER
ONGOING GEOPOLITICAL SITUATION IN WEST ASIA CAUSED SUPPLY DISRUPTIONS FOR BUILDING MATERIALS IMPACTING SHOWROOM LAUNCHES IN MARCH
Source text: ID:nNSE9pW3wD
Further company coverage: KALN.NS
(([email protected];;))
Feb 6 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 103.43 BILLION RUPEES
KALYAN JEWELLERS INDIA LTD DEC-QUARTER CONSOL NET PROFIT 4.16 BILLION RUPEES
Further company coverage: KALN.NS
(([email protected];))
Feb 6 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 103.43 BILLION RUPEES
KALYAN JEWELLERS INDIA LTD DEC-QUARTER CONSOL NET PROFIT 4.16 BILLION RUPEES
Further company coverage: KALN.NS
(([email protected];))
Jan 20 (Reuters) - Indian jewellery retailer Tribhovandas Bhimji Zaveri TBZL.NS reported a 170% surge in third-quarter profit on Tuesday, buoyed by strong festive demand and higher store footfalls during the peak wedding season.
The company's net profit rose to 806.3 million rupees ($8.86 million) in the October-December quarter from 298.8 million rupees a year earlier.
Quarterly revenue rose 14.4% to 10.61 billion rupees.
The December quarter typically accounts for about a third of gold sales in the world's second-largest gold consumer, as it not only comprises festival days that are considered auspicious for gold purchases but it also coincides with the start of the wedding season.
Climbing gold prices also meant customers turned to the bullion for investment.
Spot gold prices XAU= rose nearly 12% during the quarter, driven by geopolitical uncertainties, rate cuts and robust central bank buying.
The sector has benefited from higher disposable incomes, supported by fiscal measures such as the goods and service (GST) tax cuts and income tax relief, which have left consumers with more spending power on discretionary purchases such as gold.
Peers such as Titan TITN.NS, Kalyan Jewellers KALN.NS and Senco Gold SENC.NS have reported robust quarterly sales growth, underlining broad-based sector strength.
OCT-DEC STOCK PERFORMANCE COMPARISON FOR PEERS
-- All data from LSEG
($1 = 90.9640 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Jan 20 (Reuters) - Indian jewellery retailer Tribhovandas Bhimji Zaveri TBZL.NS reported a 170% surge in third-quarter profit on Tuesday, buoyed by strong festive demand and higher store footfalls during the peak wedding season.
The company's net profit rose to 806.3 million rupees ($8.86 million) in the October-December quarter from 298.8 million rupees a year earlier.
Quarterly revenue rose 14.4% to 10.61 billion rupees.
The December quarter typically accounts for about a third of gold sales in the world's second-largest gold consumer, as it not only comprises festival days that are considered auspicious for gold purchases but it also coincides with the start of the wedding season.
Climbing gold prices also meant customers turned to the bullion for investment.
Spot gold prices XAU= rose nearly 12% during the quarter, driven by geopolitical uncertainties, rate cuts and robust central bank buying.
The sector has benefited from higher disposable incomes, supported by fiscal measures such as the goods and service (GST) tax cuts and income tax relief, which have left consumers with more spending power on discretionary purchases such as gold.
Peers such as Titan TITN.NS, Kalyan Jewellers KALN.NS and Senco Gold SENC.NS have reported robust quarterly sales growth, underlining broad-based sector strength.
OCT-DEC STOCK PERFORMANCE COMPARISON FOR PEERS
-- All data from LSEG
($1 = 90.9640 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Recasts headline, adds paragraph 8-11
By Vivek Kumar M
Jan 7 (Reuters) - Shares of Indian jewellery retailers surged after companies reported strong sales growth for the December quarter, driven by robust festive-season demand even as gold prices soared.
Shares of Titan Company TITN.NS climbed 4.8% to hit record high of 4,307.80 rupees after the company reported a 40% jump in sales.
Kalyan Jewellers KALN.NS and Senco Gold SENC.NS also jumped 3.7% and 12.2 %, respectively, after their quarterly sales update.
Spot gold prices XAU= rose nearly 12% during the quarter, to close out a calendar year in which the precious metal clocked its steepest rise since 1979 , driven by geopolitical uncertainties, rate cuts and robust central bank buying.
"Higher prices did have an impact on volumes, but not on (overall) spending," said Dharmesh Kant, head of equity research at Cholamandalam Securities.
Kant added that jewellery companies also benefitted from higher cash in the hands of people as a result of fiscal policies like GST cuts and income tax relief, as well as low inflation.
Among other companies in the sector, PC Jewellers PCJE.NS and Thangamayil Jewellery THNG.NS gained 5.2% and 7.1%, respectively, while Tribhovandas Bhimji Zaveri TBZL.NS surged 10.5%.
Titan Company was the top percentage gainer on the benchmark Nifty 50 .NSEI index, while other stocks were among top gainers in the broader indexes.
CLSA said Titan's sales growth in the third quarter was robust in the context of an exceptional rise in gold prices.
Analysts said the company's gold exchange offer to counter higher prices aided sustained consumer engagement. Nomura, however, cautioned that this could weigh on its margins.
Kant said the sector remains on a strong footing as wedding season sales will likely support growth in the near term.
(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Sumana Nandy and Ronojoy Mazumdar)
(([email protected]; +91 9558725583;))
Recasts headline, adds paragraph 8-11
By Vivek Kumar M
Jan 7 (Reuters) - Shares of Indian jewellery retailers surged after companies reported strong sales growth for the December quarter, driven by robust festive-season demand even as gold prices soared.
Shares of Titan Company TITN.NS climbed 4.8% to hit record high of 4,307.80 rupees after the company reported a 40% jump in sales.
Kalyan Jewellers KALN.NS and Senco Gold SENC.NS also jumped 3.7% and 12.2 %, respectively, after their quarterly sales update.
Spot gold prices XAU= rose nearly 12% during the quarter, to close out a calendar year in which the precious metal clocked its steepest rise since 1979 , driven by geopolitical uncertainties, rate cuts and robust central bank buying.
"Higher prices did have an impact on volumes, but not on (overall) spending," said Dharmesh Kant, head of equity research at Cholamandalam Securities.
Kant added that jewellery companies also benefitted from higher cash in the hands of people as a result of fiscal policies like GST cuts and income tax relief, as well as low inflation.
Among other companies in the sector, PC Jewellers PCJE.NS and Thangamayil Jewellery THNG.NS gained 5.2% and 7.1%, respectively, while Tribhovandas Bhimji Zaveri TBZL.NS surged 10.5%.
Titan Company was the top percentage gainer on the benchmark Nifty 50 .NSEI index, while other stocks were among top gainers in the broader indexes.
CLSA said Titan's sales growth in the third quarter was robust in the context of an exceptional rise in gold prices.
Analysts said the company's gold exchange offer to counter higher prices aided sustained consumer engagement. Nomura, however, cautioned that this could weigh on its margins.
Kant said the sector remains on a strong footing as wedding season sales will likely support growth in the near term.
(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Sumana Nandy and Ronojoy Mazumdar)
(([email protected]; +91 9558725583;))
Aug 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL NET PROFIT 2.64 BILLION RUPEES
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 72.68 BILLION RUPEES
Source text: ID:nBSE9dymqG
Further company coverage: KALN.NS
(([email protected];))
Aug 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL NET PROFIT 2.64 BILLION RUPEES
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 72.68 BILLION RUPEES
Source text: ID:nBSE9dymqG
Further company coverage: KALN.NS
(([email protected];))
Adds IPO launch date in paragraph 4, details on issue of specified securities in paragraph 6
Aug 5 (Reuters) - India's Bluestone Jewellery and Lifestyle BLUT.NS has trimmed the size of its initial public offering, a prospectus showed on Tuesday.
The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier.
Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will now sell 13.9 million shares in the offering, lower than the 24 million shares proposed earlier.
Bluestone will launch the IPO on August 11 and close bids on August 13. Anchor investors will bid for the share sale on August 8.
The jeweller was seeking a valuation of at least 120 billion rupees ($1.37 billion) in the IPO, Reuters reported in December, citing sources. The overall IPO size was slated to be around 30 billion rupees, the sources had said.
The company may consider issuing specified securities, in consolidation with bookrunning lead managers, aggregating up to 2 billion rupees in pre-IPO placement, its draft prospectus from December said.
The company, which sells diamond, gold, platinum and studded jewellery, competes with Titan TITN.NS, Kalyan Jewellers KALN.NS and Tribhovandas Bhimji Zaveri TBZL.NS among listed firms in India.
Proceeds from the offering will be used to fund working capital requirements and general corporate purposes, the Bluestone prospectus showed.
Axis Capital, IIFL Capital and Kotak Mahindra Capital are its bookrunning lead managers.
($1 = 87.7790 Indian rupees)
(Reporting by Manvi Pant; Editing by Shailesh Kuber)
(([email protected]; +918447554364;))
Adds IPO launch date in paragraph 4, details on issue of specified securities in paragraph 6
Aug 5 (Reuters) - India's Bluestone Jewellery and Lifestyle BLUT.NS has trimmed the size of its initial public offering, a prospectus showed on Tuesday.
The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier.
Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will now sell 13.9 million shares in the offering, lower than the 24 million shares proposed earlier.
Bluestone will launch the IPO on August 11 and close bids on August 13. Anchor investors will bid for the share sale on August 8.
The jeweller was seeking a valuation of at least 120 billion rupees ($1.37 billion) in the IPO, Reuters reported in December, citing sources. The overall IPO size was slated to be around 30 billion rupees, the sources had said.
The company may consider issuing specified securities, in consolidation with bookrunning lead managers, aggregating up to 2 billion rupees in pre-IPO placement, its draft prospectus from December said.
The company, which sells diamond, gold, platinum and studded jewellery, competes with Titan TITN.NS, Kalyan Jewellers KALN.NS and Tribhovandas Bhimji Zaveri TBZL.NS among listed firms in India.
Proceeds from the offering will be used to fund working capital requirements and general corporate purposes, the Bluestone prospectus showed.
Axis Capital, IIFL Capital and Kotak Mahindra Capital are its bookrunning lead managers.
($1 = 87.7790 Indian rupees)
(Reporting by Manvi Pant; Editing by Shailesh Kuber)
(([email protected]; +918447554364;))
By Rajendra Jadhav
MUMBAI, July 31 (Reuters) - India's gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, overshadowing a slight boost in investment demand, the World Gold Council said on Thursday.
Gold demand in the world's second-biggest consumer of the precious metal could stand between 600 metric tons and 700 metric tons in 2025, the lowest since 2020, and down from last year's 802.8 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters.
Demand could reach 700 tons if prices stabilise, but a 10%–15% price rise driven by geopolitical factors may pull it down to the lower end of the range, he said.
Local gold prices MAUc1, which hit a record high of 101,078 rupees per 10 grams in June, have risen 28% so far in 2025, after a 21% gain in 2024.
India's gold consumption in the April-to-June quarter fell 10% from a year ago to 134.9 tons, as jewellery demand fell 17% while investment demand rose 7% in the quarter, the WGC said.
Demand in the September quarter is expected to be lower than last year's 248.3 tons, when New Delhi's move to reduce import duties boosted purchases, Jain said.
The precious metal has been outperforming other asset classes, drawing investors who favour both physical gold and gold exchange traded funds, he said.
"Gold ETFs in India are at a very important cusp for growth, and as India becomes more digitised, they are gaining popularity and prominence," he said.
Gold ETFs in India saw inflows surge ten-fold month-on-month to 20.81 billion rupees ($237.5 million) in June, hitting a five-month high, data from the Association of Mutual Funds in India showed earlier this month.
($1 = 87.6390 Indian rupees)
(Reporting by Rajendra Jadhav; Editing by Mrigank Dhaniwala)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav
MUMBAI, July 31 (Reuters) - India's gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, overshadowing a slight boost in investment demand, the World Gold Council said on Thursday.
Gold demand in the world's second-biggest consumer of the precious metal could stand between 600 metric tons and 700 metric tons in 2025, the lowest since 2020, and down from last year's 802.8 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters.
Demand could reach 700 tons if prices stabilise, but a 10%–15% price rise driven by geopolitical factors may pull it down to the lower end of the range, he said.
Local gold prices MAUc1, which hit a record high of 101,078 rupees per 10 grams in June, have risen 28% so far in 2025, after a 21% gain in 2024.
India's gold consumption in the April-to-June quarter fell 10% from a year ago to 134.9 tons, as jewellery demand fell 17% while investment demand rose 7% in the quarter, the WGC said.
Demand in the September quarter is expected to be lower than last year's 248.3 tons, when New Delhi's move to reduce import duties boosted purchases, Jain said.
The precious metal has been outperforming other asset classes, drawing investors who favour both physical gold and gold exchange traded funds, he said.
"Gold ETFs in India are at a very important cusp for growth, and as India becomes more digitised, they are gaining popularity and prominence," he said.
Gold ETFs in India saw inflows surge ten-fold month-on-month to 20.81 billion rupees ($237.5 million) in June, hitting a five-month high, data from the Association of Mutual Funds in India showed earlier this month.
($1 = 87.6390 Indian rupees)
(Reporting by Rajendra Jadhav; Editing by Mrigank Dhaniwala)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Praveen Paramasivam
May 14 (Reuters) - India's Kalyan Jewellers KALN.NS is targeting revenue growth of more than 25% this financial year as the gold and diamond retailer quickens store openings amid a rising preference for lower-carat jewellery, its executive director said on Tuesday.
Record high gold prices have not deterred the wealthy from investing in gold and buying ornaments in the second-largest gold buying country but the middle class is switching to lower-carat and lightweight jewellery.
Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview.
"The advantage of Kalyan today is we can grow across the country ... We have a lot of markets to go and explore," he said, forecasting that revenue would "easily" rise over 25% for the fiscal year that started on April 1.
The jeweller, which had 278 showrooms branded "Kalyan" and 73 stores under the more affordable "Candere" brand in India at March-end, plans to open shop at 160 new locations this fiscal year, with the additions split evenly between the two brands.
Its bigger rival Titan TITN.NS had more than a thousand jewellery stores in India at March-end, with roughly half of those under its flagship "Tanishq" brand.
In three years, Kalyan Jewellers aims its "Kalyan" branded stores to catch up with Titan's "Tanishq" count, the executive director said, but flagged that the rapid expansion would squeeze the group's core earnings margin.
For the year ending on March 31, Kalyan Jewellers reported a more than one-third rise in revenue to 250.5 billion rupees ($2.9 billion), helped by double-digit percentage same-store sales growth as it opened 136 stores in India.
Titan's mainstay jewellery business saw a 21% increase in total income to 465.7 billion rupees for the fiscal year.
($1 = 85.2875 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Mrigank Dhaniwala)
(([email protected]; +91 867-525-3569;))
By Praveen Paramasivam
May 14 (Reuters) - India's Kalyan Jewellers KALN.NS is targeting revenue growth of more than 25% this financial year as the gold and diamond retailer quickens store openings amid a rising preference for lower-carat jewellery, its executive director said on Tuesday.
Record high gold prices have not deterred the wealthy from investing in gold and buying ornaments in the second-largest gold buying country but the middle class is switching to lower-carat and lightweight jewellery.
Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview.
"The advantage of Kalyan today is we can grow across the country ... We have a lot of markets to go and explore," he said, forecasting that revenue would "easily" rise over 25% for the fiscal year that started on April 1.
The jeweller, which had 278 showrooms branded "Kalyan" and 73 stores under the more affordable "Candere" brand in India at March-end, plans to open shop at 160 new locations this fiscal year, with the additions split evenly between the two brands.
Its bigger rival Titan TITN.NS had more than a thousand jewellery stores in India at March-end, with roughly half of those under its flagship "Tanishq" brand.
In three years, Kalyan Jewellers aims its "Kalyan" branded stores to catch up with Titan's "Tanishq" count, the executive director said, but flagged that the rapid expansion would squeeze the group's core earnings margin.
For the year ending on March 31, Kalyan Jewellers reported a more than one-third rise in revenue to 250.5 billion rupees ($2.9 billion), helped by double-digit percentage same-store sales growth as it opened 136 stores in India.
Titan's mainstay jewellery business saw a 21% increase in total income to 465.7 billion rupees for the fiscal year.
($1 = 85.2875 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Mrigank Dhaniwala)
(([email protected]; +91 867-525-3569;))
May 8 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL NET PROFIT 1.88 BILLION RUPEES
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 61.82 BILLION RUPEES
KALYAN JEWELLERS INDIA LTD - DIVIDEND 1.5 RUPEES PER SHARE
Further company coverage: KALN.NS
(([email protected];;))
May 8 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL NET PROFIT 1.88 BILLION RUPEES
KALYAN JEWELLERS INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 61.82 BILLION RUPEES
KALYAN JEWELLERS INDIA LTD - DIVIDEND 1.5 RUPEES PER SHARE
Further company coverage: KALN.NS
(([email protected];;))
Feb 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
NO ADDITIONAL PLEDGE ON SHARES CREATED BY TK SEETHARAM
Source text: ID:nBSEc4PKfs
Further company coverage: KALN.NS
(([email protected];;))
Feb 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
NO ADDITIONAL PLEDGE ON SHARES CREATED BY TK SEETHARAM
Source text: ID:nBSEc4PKfs
Further company coverage: KALN.NS
(([email protected];;))
Feb 4 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
GETS PENALTY ORDER FOR 241.4 MILLION RUPEES FROM TAX DEPARTMENT
Source text: ID:nBSE6twPSq
Further company coverage: KALN.NS
(([email protected];;))
Feb 4 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
GETS PENALTY ORDER FOR 241.4 MILLION RUPEES FROM TAX DEPARTMENT
Source text: ID:nBSE6twPSq
Further company coverage: KALN.NS
(([email protected];;))
Jan 30 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
DEC-QUARTER CONSOL NET PROFIT 2.19 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 72.87 BILLION RUPEES
REAPPOINTS VINOD RAI AS CHAIRMAN
Source text: [ID:]
Further company coverage: KALN.NS
(([email protected];;))
Jan 30 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
DEC-QUARTER CONSOL NET PROFIT 2.19 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 72.87 BILLION RUPEES
REAPPOINTS VINOD RAI AS CHAIRMAN
Source text: [ID:]
Further company coverage: KALN.NS
(([email protected];;))
Jan 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA LTD - REPORTS 39% CONSOLIDATED REVENUE GROWTH IN Q3 FY2025
KALYAN JEWELLERS INDIA LTD - INDIA OPERATIONS REVENUE GROWS 41% Y/Y IN Q3 FY2025
KALYAN JEWELLERS INDIA LTD - REPORTS 24% Y/Y SAME-STORE SALES GROWTH IN Q3 FY2025
Source text: ID:nBSE6YzsmR
Further company coverage: KALN.NS
(([email protected];))
Jan 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA LTD - REPORTS 39% CONSOLIDATED REVENUE GROWTH IN Q3 FY2025
KALYAN JEWELLERS INDIA LTD - INDIA OPERATIONS REVENUE GROWS 41% Y/Y IN Q3 FY2025
KALYAN JEWELLERS INDIA LTD - REPORTS 24% Y/Y SAME-STORE SALES GROWTH IN Q3 FY2025
Source text: ID:nBSE6YzsmR
Further company coverage: KALN.NS
(([email protected];))
By Rajendra Jadhav and Rahul Paswan
MUMBAI, Dec 18 (Reuters) - Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said.
"I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of price increase in the past two years," said Mumbai-based Shubhangi More, choosing a necklace with a traditional design for her daughter's wedding.
Gold prices MAUc1 in the world's second biggest buyer of the precious metal have surged 22% so far this year, after rising 15% in 2023.
Most Indian buyers prefer traditional jewellery, but now they want it crafted in lightweight designs to fit their budgets, said Bachhraj Bamalwa, partner at jewellery retailer Nemichand Bamalwa & Sons.
"Recognising this preference, we are stocking more lightweight jewellery sets while scaling down our inventory of heavier designs," Bamalwa said.
Advances in manufacturing technology have enabled jewellery makers to craft traditional designs in lighter weights, said Sachin Jain, CEO of the World Gold Council's Indian operations.
Buyers are also switching to lower carat jewellery to reduce costs, jewellers said.
Guddi Devi, a teacher from Jamalpur in the northern state of Bihar, bought 18-carat jewellery for her daughter's wedding instead of 22-carat.
"I preferred the 18 carats of jewellery because it was cheaper compared to the 22 carats and is much stronger than it," she said.
Indians traditionally prefer jewellery made in 22-carat gold, which contains 91.7% pure gold, while 18-carat gold contains 75% pure gold and 25% other metals. The price of 18-carat gold is nearly a fifth lower than that of 22-carat gold.
"Lower prices and greater durability are making 18-carat jewellery increasingly popular. Its share in total sales has risen to over 15%, compared to just 5% to 7% two years ago," said Surendra Mehta, secretary at the India Bullion and Jewellers Association.
(Reporting by Rajendra Jadhav and Rahul Paswan. Editing by Mark Potter)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav and Rahul Paswan
MUMBAI, Dec 18 (Reuters) - Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said.
"I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of price increase in the past two years," said Mumbai-based Shubhangi More, choosing a necklace with a traditional design for her daughter's wedding.
Gold prices MAUc1 in the world's second biggest buyer of the precious metal have surged 22% so far this year, after rising 15% in 2023.
Most Indian buyers prefer traditional jewellery, but now they want it crafted in lightweight designs to fit their budgets, said Bachhraj Bamalwa, partner at jewellery retailer Nemichand Bamalwa & Sons.
"Recognising this preference, we are stocking more lightweight jewellery sets while scaling down our inventory of heavier designs," Bamalwa said.
Advances in manufacturing technology have enabled jewellery makers to craft traditional designs in lighter weights, said Sachin Jain, CEO of the World Gold Council's Indian operations.
Buyers are also switching to lower carat jewellery to reduce costs, jewellers said.
Guddi Devi, a teacher from Jamalpur in the northern state of Bihar, bought 18-carat jewellery for her daughter's wedding instead of 22-carat.
"I preferred the 18 carats of jewellery because it was cheaper compared to the 22 carats and is much stronger than it," she said.
Indians traditionally prefer jewellery made in 22-carat gold, which contains 91.7% pure gold, while 18-carat gold contains 75% pure gold and 25% other metals. The price of 18-carat gold is nearly a fifth lower than that of 22-carat gold.
"Lower prices and greater durability are making 18-carat jewellery increasingly popular. Its share in total sales has risen to over 15%, compared to just 5% to 7% two years ago," said Surendra Mehta, secretary at the India Bullion and Jewellers Association.
(Reporting by Rajendra Jadhav and Rahul Paswan. Editing by Mark Potter)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
Nov 13 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.31 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 60.65 BILLION RUPEES
Source text: ID:nBSE31QwNM
Further company coverage: KALN.NS
(([email protected];))
Nov 13 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.31 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 60.65 BILLION RUPEES
Source text: ID:nBSE31QwNM
Further company coverage: KALN.NS
(([email protected];))
Adds chart, no changes to text
By Bharath Rajeswaran
Nov 7 (Reuters) - MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China.
MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index.
The changes will take place after the markets close on Nov. 25, MSCI said.
The inclusion of the stocks will lift India's weightage in the index to a record 19.8% from 19.3% earlier, narrowing the gap with China, which has slipped to 26.8% from 27%, Nuvama Alternative and Quantitative Research estimated.
It will also likely attract $2.5 billion in passive inflows into India's equity markets, Nuvama said.
China has the highest weightage in the MSCI Global Standard index, while India has been in second place since the end of 2021.
Air conditioner maker Voltas VOLT.NS, realty developer Oberoi Realty OEBO.NS, stock exchange operator BSE BSEL.NS, Kalyan Jewellers KALN.NS, and drug maker Alkem Laboratories ALKE.NS are the latest additions to the index.
Indian markets saw inflows of about $3 billion into equities after the previous MSCI rebalancing in August when seven stocks were added.
"We remain extremely bullish on India, especially with active participation from mutual funds and high net worth individuals (HNIs)/retail investors, and anticipate many more inclusions in the emerging markets index," said Abhilash Pagaria, head of Nuvama research.
Seven existing stocks, including top private lender HDFC Bank HDBK.NS and Tata Power TTPW.NS, saw an increase in their weightage.
HDFC Bank is now the highest-weighted Indian stock in the MSCI indices at 7.08%, surpassing Reliance Industries' RELI.NS 6.08%.
No Indian companies have been removed from the MSCI Global Standard Index so far in November.
Additionally, around 13 firms, including Eureka Forbes EURK.NS, Indegene INEG.NS, and PC Jeweller PCJE.NS, were added to the MSCI Small Cap Index, bringing the total number of small-cap stocks to 525.
Potential inflows after MSCI's November rejig https://reut.rs/4fzgJ7B
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Abinaya Vijayaraghavan)
(([email protected]; +91 9769003463;))
Adds chart, no changes to text
By Bharath Rajeswaran
Nov 7 (Reuters) - MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China.
MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index.
The changes will take place after the markets close on Nov. 25, MSCI said.
The inclusion of the stocks will lift India's weightage in the index to a record 19.8% from 19.3% earlier, narrowing the gap with China, which has slipped to 26.8% from 27%, Nuvama Alternative and Quantitative Research estimated.
It will also likely attract $2.5 billion in passive inflows into India's equity markets, Nuvama said.
China has the highest weightage in the MSCI Global Standard index, while India has been in second place since the end of 2021.
Air conditioner maker Voltas VOLT.NS, realty developer Oberoi Realty OEBO.NS, stock exchange operator BSE BSEL.NS, Kalyan Jewellers KALN.NS, and drug maker Alkem Laboratories ALKE.NS are the latest additions to the index.
Indian markets saw inflows of about $3 billion into equities after the previous MSCI rebalancing in August when seven stocks were added.
"We remain extremely bullish on India, especially with active participation from mutual funds and high net worth individuals (HNIs)/retail investors, and anticipate many more inclusions in the emerging markets index," said Abhilash Pagaria, head of Nuvama research.
Seven existing stocks, including top private lender HDFC Bank HDBK.NS and Tata Power TTPW.NS, saw an increase in their weightage.
HDFC Bank is now the highest-weighted Indian stock in the MSCI indices at 7.08%, surpassing Reliance Industries' RELI.NS 6.08%.
No Indian companies have been removed from the MSCI Global Standard Index so far in November.
Additionally, around 13 firms, including Eureka Forbes EURK.NS, Indegene INEG.NS, and PC Jeweller PCJE.NS, were added to the MSCI Small Cap Index, bringing the total number of small-cap stocks to 525.
Potential inflows after MSCI's November rejig https://reut.rs/4fzgJ7B
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Abinaya Vijayaraghavan)
(([email protected]; +91 9769003463;))
Repeats story that ran on Tuesday, with no changes
By Rajendra Jadhav
MUMBAI, Oct 29 (Reuters) - Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters.
Robust demand in the world's second-biggest gold consumer could further support global prices XAU=, which hit record highs last week. Rising demand for imports of gold could also widen India's trade deficit and put pressure on the rupee INR=IN.
"People are still into gold big time, even with prices at record highs during Dhanteras. With gold giving better returns than the stock market, there's been solid demand for coins and bars," said Saurabh Gadgil, chairman of PNG Jewellers PNGD.NS.
Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India.
Local gold prices MAUc1 jumped to a record high of 78,919 rupees per 10 grams last week, marking an increase of more than 31% since last year's Diwali. India's NSE Nifty 50 share index has dropped about 7% from a record high hit on Sept. 27.
Investors are working to diversify their portfolios by adding to or increasing their allocations in gold and silver, Gadgil said.
"In value terms, turnover during this year's Dhanteras is expected to be significantly higher than last year due to higher prices. In volume terms, it may be slightly lower or around the same level as last year," Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA), said.
Indian dealers on Tuesday charged a premium XAU-IN-PREM of up to $1 an ounce over official domestic prices – inclusive of 6% import and 3% sales levies, up from the last week’s discount of $4.
Local silver futures MSVc1 hit a record high of 100,081 rupees per kilogram last week.
"Demand for silver coins and bars was strong today, as silver has delivered better returns than gold in recent months," said Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer.
(Reporting by Rajendra Jadhav; Editing by Susan Fenton)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
Repeats story that ran on Tuesday, with no changes
By Rajendra Jadhav
MUMBAI, Oct 29 (Reuters) - Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters.
Robust demand in the world's second-biggest gold consumer could further support global prices XAU=, which hit record highs last week. Rising demand for imports of gold could also widen India's trade deficit and put pressure on the rupee INR=IN.
"People are still into gold big time, even with prices at record highs during Dhanteras. With gold giving better returns than the stock market, there's been solid demand for coins and bars," said Saurabh Gadgil, chairman of PNG Jewellers PNGD.NS.
Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India.
Local gold prices MAUc1 jumped to a record high of 78,919 rupees per 10 grams last week, marking an increase of more than 31% since last year's Diwali. India's NSE Nifty 50 share index has dropped about 7% from a record high hit on Sept. 27.
Investors are working to diversify their portfolios by adding to or increasing their allocations in gold and silver, Gadgil said.
"In value terms, turnover during this year's Dhanteras is expected to be significantly higher than last year due to higher prices. In volume terms, it may be slightly lower or around the same level as last year," Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA), said.
Indian dealers on Tuesday charged a premium XAU-IN-PREM of up to $1 an ounce over official domestic prices – inclusive of 6% import and 3% sales levies, up from the last week’s discount of $4.
Local silver futures MSVc1 hit a record high of 100,081 rupees per kilogram last week.
"Demand for silver coins and bars was strong today, as silver has delivered better returns than gold in recent months," said Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer.
(Reporting by Rajendra Jadhav; Editing by Susan Fenton)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav
MUMBAI, Oct 29 (Reuters) - Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters.
Robust demand in the world's second-biggest gold consumer could further support global prices XAU=, which hit record highs last week. Rising demand for imports of gold could also widen India's trade deficit and put pressure on the rupee INR=IN.
"People are still into gold big time, even with prices at record highs during Dhanteras. With gold giving better returns than the stock market, there's been solid demand for coins and bars," said Saurabh Gadgil, chairman of PNG Jewellers PNGD.NS.
Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India.
Local gold prices MAUc1 jumped to a record high of 78,919 rupees per 10 grams last week, marking an increase of more than 31% since last year's Diwali. India's NSE Nifty 50 share index has dropped about 7% from a record high hit on Sept. 27.
Investors are working to diversify their portfolios by adding to or increasing their allocations in gold and silver, Gadgil said.
"In value terms, turnover during this year's Dhanteras is expected to be significantly higher than last year due to higher prices. In volume terms, it may be slightly lower or around the same level as last year," Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA), said.
Indian dealers on Tuesday charged a premium XAU-IN-PREM of up to $1 an ounce over official domestic prices – inclusive of 6% import and 3% sales levies, up from the last week’s discount of $4.
Local silver futures MSVc1 hit a record high of 100,081 rupees per kilogram last week.
"Demand for silver coins and bars was strong today, as silver has delivered better returns than gold in recent months," said Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer.
(Reporting by Rajendra Jadhav; Editing by Susan Fenton)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav
MUMBAI, Oct 29 (Reuters) - Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters.
Robust demand in the world's second-biggest gold consumer could further support global prices XAU=, which hit record highs last week. Rising demand for imports of gold could also widen India's trade deficit and put pressure on the rupee INR=IN.
"People are still into gold big time, even with prices at record highs during Dhanteras. With gold giving better returns than the stock market, there's been solid demand for coins and bars," said Saurabh Gadgil, chairman of PNG Jewellers PNGD.NS.
Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India.
Local gold prices MAUc1 jumped to a record high of 78,919 rupees per 10 grams last week, marking an increase of more than 31% since last year's Diwali. India's NSE Nifty 50 share index has dropped about 7% from a record high hit on Sept. 27.
Investors are working to diversify their portfolios by adding to or increasing their allocations in gold and silver, Gadgil said.
"In value terms, turnover during this year's Dhanteras is expected to be significantly higher than last year due to higher prices. In volume terms, it may be slightly lower or around the same level as last year," Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA), said.
Indian dealers on Tuesday charged a premium XAU-IN-PREM of up to $1 an ounce over official domestic prices – inclusive of 6% import and 3% sales levies, up from the last week’s discount of $4.
Local silver futures MSVc1 hit a record high of 100,081 rupees per kilogram last week.
"Demand for silver coins and bars was strong today, as silver has delivered better returns than gold in recent months," said Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer.
(Reporting by Rajendra Jadhav; Editing by Susan Fenton)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
Oct 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
Q2 CONSOL REVENUE GROWTH ABOUT 37%
Source text for Eikon: ID:nBSE1wMMY8
Further company coverage: KALN.NS
(([email protected];))
Oct 7 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
Q2 CONSOL REVENUE GROWTH ABOUT 37%
Source text for Eikon: ID:nBSE1wMMY8
Further company coverage: KALN.NS
(([email protected];))
Oct 4 (Reuters) - Indian jeweller and watchmaker Titan Company TITN.NS reported on Friday that it estimates a 25% increase in second-quarter revenue, as a reduction in customs duty on gold imports helped improve domestic demand for some of its jewellery products.
India slashed import duties on gold in July to 6% from 15%, a move that was viewed as aiding retail demand.
The jewellery segment, which includes brands like Tanishq and Mia, is expected to grow 26%. It contributed about 89% to the Tata-owned company's consolidated total income as of June-end.
The watches and wearables segment, which sells products from brands like Fastrack, Police and Coach, expects a 20% increase in revenue, the company added.
Jewellery rival Kalyan Jewellers KALN.NS is yet to publish its quarterly update.
(Reporting by Ashna Teresa Britto; Editing by Vijay Kishore)
(([email protected];))
Oct 4 (Reuters) - Indian jeweller and watchmaker Titan Company TITN.NS reported on Friday that it estimates a 25% increase in second-quarter revenue, as a reduction in customs duty on gold imports helped improve domestic demand for some of its jewellery products.
India slashed import duties on gold in July to 6% from 15%, a move that was viewed as aiding retail demand.
The jewellery segment, which includes brands like Tanishq and Mia, is expected to grow 26%. It contributed about 89% to the Tata-owned company's consolidated total income as of June-end.
The watches and wearables segment, which sells products from brands like Fastrack, Police and Coach, expects a 20% increase in revenue, the company added.
Jewellery rival Kalyan Jewellers KALN.NS is yet to publish its quarterly update.
(Reporting by Ashna Teresa Britto; Editing by Vijay Kishore)
(([email protected];))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 25 (Reuters Breakingviews) - Blackstone BX.N is grabbing at some of the sparkle from India’s booming equities market. Steve Schwarzman's investment firm plans to list a certifier of diamonds at a valuation seven times what it paid last year to buy the company from China's Fosun International 0656.HK and Belgium's Lorie family. Listing the business in the world's second-largest market for the rock makes sense, and will bag the U.S. buyout firm a sparkling return.
International Gemmological Institute certifies one-third of the world’s diamonds, studded jewellery and coloured stones, according to its prospectus. Most of its clients are based in the cutting and polishing hubs of Mumbai and neighbouring Gujarat state, and nearly all of its top line originates in the country.
Crucially, IGI will use almost a third of some $470 million IPO proceeds to buy its units in the Netherlands and Belgium, where IGI was founded in 1975, from Blackstone. After the rejig, the private equity giant will remain the controlling shareholder and the company will become an Indian-led entity. That helps IGI list in the South Asian country and target a valuation of $4 billion, as Moneycontrol reported last month, citing an unnamed source.
That headline figure looks polished, rather than punchy. It equates to 68 times EBITDA for 2023. None of IGI’s peers - the nonprofit Gemological Institute of America and Belgium’s HRD Antwerp among them - have publicly traded shares. Indian bling sellers Titan TITN.NS , backed by the Tata Group, and Kalyan Jewellers KALN.NS, are adorned with multiples of 64 and 54 times EBITDA.
IGI is growing fast and is more profitable than both those Indian companies. Its top line grew 30% in 2023, outpacing Titan and just shy of Kalyan's 32% growth in the year to the end of March. The diamond company's 37% net profit margin for 2023 is five times that of Titan and more than 10 times Kalyan's.
Unlike certifiers, jewellers have a more diversified range of products that could see them through periods of poor demand for studded pieces and price downturns. And while India is experiencing a surge in its love for diamonds, displacing China as the top buyer of the natural variety, Indians have cared little so far for the lab-grown variety of the gem, which accounts for 60% of IGI’s revenue.
Nonetheless, with rosy projections laid out in IGI's prospectus for a double-digit rise in jewellery consumption over the next five years, Blackstone's polishing up of its diamond bet appears well-timed.
Follow @ShritamaBose on X
CONTEXT NEWS
Blackstone is eyeing a valuation of around $4 billion for jewellery certifier International Gemmological Institute in a Mumbai initial public offering, news website Moneycontrol reported on Aug. 27, citing an unnamed source.
The offer will comprise new shares worth up to 12.5 billion rupees ($149 million) and existing shares worth up to 27.5 billion rupees ($328 million), per the draft prospectus.
Graphic: India's share of jewellery sales is rising https://reut.rs/4gqWsSQ
(Editing by Una Galani and Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 25 (Reuters Breakingviews) - Blackstone BX.N is grabbing at some of the sparkle from India’s booming equities market. Steve Schwarzman's investment firm plans to list a certifier of diamonds at a valuation seven times what it paid last year to buy the company from China's Fosun International 0656.HK and Belgium's Lorie family. Listing the business in the world's second-largest market for the rock makes sense, and will bag the U.S. buyout firm a sparkling return.
International Gemmological Institute certifies one-third of the world’s diamonds, studded jewellery and coloured stones, according to its prospectus. Most of its clients are based in the cutting and polishing hubs of Mumbai and neighbouring Gujarat state, and nearly all of its top line originates in the country.
Crucially, IGI will use almost a third of some $470 million IPO proceeds to buy its units in the Netherlands and Belgium, where IGI was founded in 1975, from Blackstone. After the rejig, the private equity giant will remain the controlling shareholder and the company will become an Indian-led entity. That helps IGI list in the South Asian country and target a valuation of $4 billion, as Moneycontrol reported last month, citing an unnamed source.
That headline figure looks polished, rather than punchy. It equates to 68 times EBITDA for 2023. None of IGI’s peers - the nonprofit Gemological Institute of America and Belgium’s HRD Antwerp among them - have publicly traded shares. Indian bling sellers Titan TITN.NS , backed by the Tata Group, and Kalyan Jewellers KALN.NS, are adorned with multiples of 64 and 54 times EBITDA.
IGI is growing fast and is more profitable than both those Indian companies. Its top line grew 30% in 2023, outpacing Titan and just shy of Kalyan's 32% growth in the year to the end of March. The diamond company's 37% net profit margin for 2023 is five times that of Titan and more than 10 times Kalyan's.
Unlike certifiers, jewellers have a more diversified range of products that could see them through periods of poor demand for studded pieces and price downturns. And while India is experiencing a surge in its love for diamonds, displacing China as the top buyer of the natural variety, Indians have cared little so far for the lab-grown variety of the gem, which accounts for 60% of IGI’s revenue.
Nonetheless, with rosy projections laid out in IGI's prospectus for a double-digit rise in jewellery consumption over the next five years, Blackstone's polishing up of its diamond bet appears well-timed.
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CONTEXT NEWS
Blackstone is eyeing a valuation of around $4 billion for jewellery certifier International Gemmological Institute in a Mumbai initial public offering, news website Moneycontrol reported on Aug. 27, citing an unnamed source.
The offer will comprise new shares worth up to 12.5 billion rupees ($149 million) and existing shares worth up to 27.5 billion rupees ($328 million), per the draft prospectus.
Graphic: India's share of jewellery sales is rising https://reut.rs/4gqWsSQ
(Editing by Una Galani and Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
Aug 23 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
HIGHDELL INVESTMENT CUTS STAKE IN KALYAN JEWELLERS INDIA TO 2.36% FROM 9.17% - EXCHANGE FILING
Source text for Eikon: [ID:]
Further company coverage: KALN.NS
(([email protected];))
Aug 23 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
HIGHDELL INVESTMENT CUTS STAKE IN KALYAN JEWELLERS INDIA TO 2.36% FROM 9.17% - EXCHANGE FILING
Source text for Eikon: [ID:]
Further company coverage: KALN.NS
(([email protected];))
Fixes syntax in second paragraph of Aug. 21 story
BENGALURU, Aug 21 (Reuters) - A Warburg Pincus affiliate will sell 2.36% of its stake in Kalyan Jewellers KALN.NS for 13 billion rupees ($155 million) to another large stakeholder at a 2% discount to Wednesday's closing price, the Indian company said.
The deal will see Highdell, the Warburg affiliate, sell over 24 million shares at 535 rupees each to Trikkur Sitarama Iyer Kalyanaraman, who currently holds 60.59% in the jeweller.
The U.S. private equity, through Highdell, held a 9.2% stake in Kalyan Jewellers as of the quarter ending June, as per BSE data.
Warburg, which first invested in Kalyan in 2014, held a 24.6% stake after the jeweller's listing in March 2021.
Kalyan's shares, which have risen nearly 54% so far this year, closed 0.5% higher on Wednesday.
($1 = 83.8880 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected];))
Fixes syntax in second paragraph of Aug. 21 story
BENGALURU, Aug 21 (Reuters) - A Warburg Pincus affiliate will sell 2.36% of its stake in Kalyan Jewellers KALN.NS for 13 billion rupees ($155 million) to another large stakeholder at a 2% discount to Wednesday's closing price, the Indian company said.
The deal will see Highdell, the Warburg affiliate, sell over 24 million shares at 535 rupees each to Trikkur Sitarama Iyer Kalyanaraman, who currently holds 60.59% in the jeweller.
The U.S. private equity, through Highdell, held a 9.2% stake in Kalyan Jewellers as of the quarter ending June, as per BSE data.
Warburg, which first invested in Kalyan in 2014, held a 24.6% stake after the jeweller's listing in March 2021.
Kalyan's shares, which have risen nearly 54% so far this year, closed 0.5% higher on Wednesday.
($1 = 83.8880 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected];))
Aug 1 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL NET PROFIT 1.78 BILLION RUPEES
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 55.35 BILLION RUPEES
Source text for Eikon: ID:nBSEcdPj5m
Further company coverage: KALN.NS
(([email protected];))
Aug 1 (Reuters) - Kalyan Jewellers India Ltd KALN.NS:
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL NET PROFIT 1.78 BILLION RUPEES
KALYAN JEWELLERS INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 55.35 BILLION RUPEES
Source text for Eikon: ID:nBSEcdPj5m
Further company coverage: KALN.NS
(([email protected];))
By Rajendra Jadhav
MUMBAI, July 30 (Reuters) - India's gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday.
Higher purchases in the world's second-biggest gold consumer could support global benchmark prices XAU=, which are trading near record highs.
The recent 9 percentage point reduction in import duty on gold, implemented before the main festival season beginning in September, is expected to revive gold demand, further supported by good monsoon rains, said Sachin Jain, CEO of WGC's Indian operations.
India last week slashed import duties on gold to 6% from 15%, a move industry officials said could lift retail demand and help cut smuggling.
The duty cut brought down domestic prices of gold MAUc1 last week to 67,500 rupees ($806.20) per 10 grams, their lowest in four months, from a record high of 74,777 rupees earlier this month.
Good monsoon showers boost food grain production and improve farmers' income. Two-thirds of India's gold demand usually comes from rural areas, where jewellery is a traditional store of wealth.
"Strong gross domestic product forecasts and rural sector recovery are all likely to support demand in the second half of the year," WGC's Jain said.
India's gold consumption in the April-June quarter fell 5% to 149.7 metric tons, as a 17% fall in jewellery demand offset a 46% rise in the investment demand during the quarter, the WGC said.
Demand for gold from India could stand between 700 metric tons and 750 metric tons in 2024, the lowest in four years, it said.
The Reserve Bank of India continued its gold buying spree in the June quarter, adding 19 tons, which brought its total purchases for the first half of the year to 37 tons, more than double the total purchased in all of 2023, the WGC said.
($1 = 83.7260 Indian rupees)
(Reporting by Rajendra Jadhav; Editing by Mrigank Dhaniwala)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
By Rajendra Jadhav
MUMBAI, July 30 (Reuters) - India's gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday.
Higher purchases in the world's second-biggest gold consumer could support global benchmark prices XAU=, which are trading near record highs.
The recent 9 percentage point reduction in import duty on gold, implemented before the main festival season beginning in September, is expected to revive gold demand, further supported by good monsoon rains, said Sachin Jain, CEO of WGC's Indian operations.
India last week slashed import duties on gold to 6% from 15%, a move industry officials said could lift retail demand and help cut smuggling.
The duty cut brought down domestic prices of gold MAUc1 last week to 67,500 rupees ($806.20) per 10 grams, their lowest in four months, from a record high of 74,777 rupees earlier this month.
Good monsoon showers boost food grain production and improve farmers' income. Two-thirds of India's gold demand usually comes from rural areas, where jewellery is a traditional store of wealth.
"Strong gross domestic product forecasts and rural sector recovery are all likely to support demand in the second half of the year," WGC's Jain said.
India's gold consumption in the April-June quarter fell 5% to 149.7 metric tons, as a 17% fall in jewellery demand offset a 46% rise in the investment demand during the quarter, the WGC said.
Demand for gold from India could stand between 700 metric tons and 750 metric tons in 2024, the lowest in four years, it said.
The Reserve Bank of India continued its gold buying spree in the June quarter, adding 19 tons, which brought its total purchases for the first half of the year to 37 tons, more than double the total purchased in all of 2023, the WGC said.
($1 = 83.7260 Indian rupees)
(Reporting by Rajendra Jadhav; Editing by Mrigank Dhaniwala)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
Adds trade official, premium update, share price, detail, from paragraph 3
By Rajendra Jadhav
MUMBAI, July 23 (Reuters) - India slashed import duties on gold and silver on Tuesday in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
Higher demand for gold from India could boost global prices, which hit a record high this year, although that could widen India's trade deficit and put pressure on its ailing rupee.
"It's a massive step in (the) right direction, as it will reduce the incentives for smuggling of gold. It will create a level playing field for honest industry stakeholders," said Sachin Jain, CEO of World Gold Council's Indian operations.
The government said it will charge 5% basic customs duty and 1% in Agriculture Infrastructure & Development Cess (AIDC) on gold and silver imports, lowering import duties to 6% from 15%.
"To enhance domestic value addition in gold and precious metal jewellery, I propose to reduce customs duties of gold and silver to 6%," India's Finance Minister Nirmala Sitharaman said in a budget speech.
Local gold prices MAUc1 fell 6% to 68,500 rupees per 10 grams, their to their lowest level in more than three months after the announcement. Indian prices hit a record high of 74,777 rupees earlier this month, which squeezed demand.
Overseas gold prices XAU= erased losses and rose 0.4%.
Indian jewellery demand was hit by record-high gold prices, but the duty cut will bring down prices and boost consumption, said Saurabh Gadgil, chairman of PNG Jewellers.
Gold was trading at a premium in India for the first time in eleven weeks on Tuesday, with dealers charging a premium of up to $20 an ounce over official domestic prices, inclusive of 15% import and 3% sales levies, versus last week's discount of $65.
Shares of jewellery makers such as Titan Company TITN.NS, Tribhovandas Bhimji Zaveri TBZL.NS, Senco Gold SENC.NS and Kalyan Jewellers jumped by up to 10%.
Finance Minister Sitharaman also announced an import duty exemption for 25 critical minerals, including lithium. India has been exploring ways to secure supplies of lithium, a critical raw material used to make electric vehicle batteries.
(Reporting by Rajendra Jadhav; Additional reporting by Neha Arora; Editing by Himani Sarkar, Clarence Fernandez and Alexander Smith)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
Adds trade official, premium update, share price, detail, from paragraph 3
By Rajendra Jadhav
MUMBAI, July 23 (Reuters) - India slashed import duties on gold and silver on Tuesday in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
Higher demand for gold from India could boost global prices, which hit a record high this year, although that could widen India's trade deficit and put pressure on its ailing rupee.
"It's a massive step in (the) right direction, as it will reduce the incentives for smuggling of gold. It will create a level playing field for honest industry stakeholders," said Sachin Jain, CEO of World Gold Council's Indian operations.
The government said it will charge 5% basic customs duty and 1% in Agriculture Infrastructure & Development Cess (AIDC) on gold and silver imports, lowering import duties to 6% from 15%.
"To enhance domestic value addition in gold and precious metal jewellery, I propose to reduce customs duties of gold and silver to 6%," India's Finance Minister Nirmala Sitharaman said in a budget speech.
Local gold prices MAUc1 fell 6% to 68,500 rupees per 10 grams, their to their lowest level in more than three months after the announcement. Indian prices hit a record high of 74,777 rupees earlier this month, which squeezed demand.
Overseas gold prices XAU= erased losses and rose 0.4%.
Indian jewellery demand was hit by record-high gold prices, but the duty cut will bring down prices and boost consumption, said Saurabh Gadgil, chairman of PNG Jewellers.
Gold was trading at a premium in India for the first time in eleven weeks on Tuesday, with dealers charging a premium of up to $20 an ounce over official domestic prices, inclusive of 15% import and 3% sales levies, versus last week's discount of $65.
Shares of jewellery makers such as Titan Company TITN.NS, Tribhovandas Bhimji Zaveri TBZL.NS, Senco Gold SENC.NS and Kalyan Jewellers jumped by up to 10%.
Finance Minister Sitharaman also announced an import duty exemption for 25 critical minerals, including lithium. India has been exploring ways to secure supplies of lithium, a critical raw material used to make electric vehicle batteries.
(Reporting by Rajendra Jadhav; Additional reporting by Neha Arora; Editing by Himani Sarkar, Clarence Fernandez and Alexander Smith)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
Indian jeweller Tribhovandas Bhimji Zaveri TBZL.NS reported a 7.5% rise in its fourth-quarter profit on Monday, driven by steady demand.
The company said its consolidated net profit rose to 126.1 million rupees ($1.5 million) for the quarter ended March 31, up from 117.3 million rupees a year ago.
The jewellery retail chain's bottom-line received a boost this quarter due to steady demand, driven by an extended Indian wedding season in January.
Gold demand in India, the world's second-largest gold consumer, rose 8% year-on-year in the January-March quarter despite gold prices rising to record highs of 67,850 rupees per 10 grams in the March quarter.
The Mumbai-based TBZ's total revenue from operations rose 9% to 5.07 billion rupees, while total expenses rose 9.2% to 4.93 billion rupees.
The company said it adopted advanced inventory management systems and process automation, among other processes, to streamline operations and reduce costs, adding that it plans to open franchise stores in new cities in the fiscal year 2025.
Larger rival Titan Company TITN.NS reported a quarterly profit miss earlier this month due to higher discounts and gold prices, while Kalyan Jewellers India KALN.NS reported a 96% jump in its fourth-quarter profit.
TBZ's shares ended about 0.8% higher ahead of the results. So far this year, the stock has fallen by 12.8%.
($1 = 83.1020 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Indian jeweller Tribhovandas Bhimji Zaveri TBZL.NS reported a 7.5% rise in its fourth-quarter profit on Monday, driven by steady demand.
The company said its consolidated net profit rose to 126.1 million rupees ($1.5 million) for the quarter ended March 31, up from 117.3 million rupees a year ago.
The jewellery retail chain's bottom-line received a boost this quarter due to steady demand, driven by an extended Indian wedding season in January.
Gold demand in India, the world's second-largest gold consumer, rose 8% year-on-year in the January-March quarter despite gold prices rising to record highs of 67,850 rupees per 10 grams in the March quarter.
The Mumbai-based TBZ's total revenue from operations rose 9% to 5.07 billion rupees, while total expenses rose 9.2% to 4.93 billion rupees.
The company said it adopted advanced inventory management systems and process automation, among other processes, to streamline operations and reduce costs, adding that it plans to open franchise stores in new cities in the fiscal year 2025.
Larger rival Titan Company TITN.NS reported a quarterly profit miss earlier this month due to higher discounts and gold prices, while Kalyan Jewellers India KALN.NS reported a 96% jump in its fourth-quarter profit.
TBZ's shares ended about 0.8% higher ahead of the results. So far this year, the stock has fallen by 12.8%.
($1 = 83.1020 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
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Popular questions
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What does Kalyan Jewell.India do?
Kalyan Jewellers India Limited is a leading jewellery company in India, with a presence across the country. They offer a wide range of gold and studded jewellery products catering to diverse customer preferences and special occasions.
Who are the competitors of Kalyan Jewell.India?
Kalyan Jewell.India major competitors are Senco Gold, Titan Company, Thangamayil Jeweller, PC Jeweller, Sky Gold & Diamonds, Goldiam Internatl.. Market Cap of Kalyan Jewell.India is ₹39,435 Crs. While the median market cap of its peers are ₹9,347 Crs.
Is Kalyan Jewell.India financially stable compared to its competitors?
Kalyan Jewell.India seems to be less financially stable compared to its competitors. Altman Z score of Kalyan Jewell.India is 4.24 and is ranked 6 out of its 7 competitors.
Does Kalyan Jewell.India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kalyan Jewell.India latest dividend payout ratio is 21.64% and 3yr average dividend payout ratio is 18.08%
How has Kalyan Jewell.India allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Kalyan Jewell.India balance sheet?
Balance sheet of Kalyan Jewell.India is strong. But short term working capital might become an issue for this company.
Is the profitablity of Kalyan Jewell.India improving?
Yes, profit is increasing. The profit of Kalyan Jewell.India is ₹1,350 Crs for TTM, ₹715 Crs for Mar 2025 and ₹597 Crs for Mar 2024.
Is the debt of Kalyan Jewell.India increasing or decreasing?
The net debt of Kalyan Jewell.India is decreasing. Latest net debt of Kalyan Jewell.India is -₹337.26 Crs as of Mar-26. This is less than Mar-25 when it was ₹1,369 Crs.
Is Kalyan Jewell.India stock expensive?
Kalyan Jewell.India is not expensive. Latest PE of Kalyan Jewell.India is 29.2, while 3 year average PE is 54.88. Also latest EV/EBITDA of Kalyan Jewell.India is 15.69 while 3yr average is 25.05.
Has the share price of Kalyan Jewell.India grown faster than its competition?
Kalyan Jewell.India has given lower returns compared to its competitors. Kalyan Jewell.India has grown at ~-11.75% over the last 2yrs while peers have grown at a median rate of 53.0%
Is the promoter bullish about Kalyan Jewell.India?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 62.87% and last quarter promoter holding is 62.76%.
Are mutual funds buying/selling Kalyan Jewell.India?
The mutual fund holding of Kalyan Jewell.India is decreasing. The current mutual fund holding in Kalyan Jewell.India is 13.63% while previous quarter holding is 14.54%.