Kalyan Jewelers is one of the leading jewelery retail companies in India. Headquartered in Thrissur, Kerala, the company has its stores not only in India but also in several West Asian countries. With over three decades of experience, the company has established itself as one of the pioneers in this domain. The company is known for exceptional quality, transparent practices, competitive pricing and innovative designs. Kalyan Jewelers presents a wide range of traditional and contemporary jewelery crafted from gold, diamond and precious stones to meet the varied preferences of its customers. The company operates 182 showrooms across India and the Middle East.
Kalyan Jewelers recently announced its strong financial performance for FY23. The company’s sales increased by a remarkable 30 percent. Which reached Rs 14,071.4 crore last year. The company’s Ebitda has also reached Rs 1,114 crore with an impressive growth of 37 per cent. If we talk about the net profit of the company, it has reached Rs 431.9 crore with an impressive growth of 93 percent as compared to the previous financial year.
Along with this, the company has also given strong returns to its shareholders. Kalyan Jewelers has given strong returns of 118% in the last one year. Since its listing date in April 2021, 68 percent returns have been received so far. If we talk about the last three years, then the sales of Kalyan Jewelers have grown at the rate of 12 percent while the profit has increased at the rate of 48 percent (CAGR). Kalyan Jewelers shares gained 11.77 per cent on Friday. The stock hit an intraday high of Rs 128.55. Apart from this, the volume of the stock has jumped more than 4.73 times. Investors should keep an eye on Kalyan Jewelers stock.
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