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Kalyan Jewellers India Limited - Quarterly Update: Q2 FY 2024

Kalyan Jewellers India Limited - Quarterly Update: Q2 FY 2024
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Kalyan Jewellers trades lower despite buy ratings from HSBC, Citi

CITI has a buy rating on the stock with a target price of Rs 230 per share. The brokerage firm said that gross margins for the company have remained stable on a year-on-year (YoY) basis at the showroom level.

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Kalyan Jewellers Reports 27 Increase In Revenue In Q2 - BW Businessworld

Kalyan Jewellers Reports 27 Increase In Revenue In Q2 - BW Businessworld
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kalyan jewellers share price: Kalyan Jewellers shares jump 7% on Q2 business update

"We saw revenue growth of 32% for our India operations during Q2 FY2024 as compared to Q2 FY2023, led by robust operating momentum on the ground with healthy same-store-sales growth across all the key markets in the country despite the Adhik Maas period falling in the quarter from the 3rd week of July until the 3rd week of August, a once in a 3-year phenomenon during which wedding jewellery demand tends to take a pause," the company said in an exchange filing.

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Kalyan Jewellers India shares surge 6% as Q2 sales jump 27% YoY

Kalyan Jewellers India: For India operations, it clocked a revenue growth of 32 per cent on account of robust operating momentum on the ground with healthy same-store-sales growth across key markets in the country.

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