Apart from announcing the percentage growth in revenue for the quarter, the company said that it had opened 13 new showrooms across non-south markets in the quarter and further aims to launch 26 showrooms in the next 40 days.
As the festive season approaches, Kalyan Jewellers remains optimistic, with 33 new showrooms, spanning across the Kalyan and Candere formats, set to be unveiled before Diwali.
"The company will be seeking approval of the shareholders for the proposed QIP and PI by convening an extra ordinary general Meeting subject to applicable provisions/circulars issued by Ministry of Corporate Affairs from time to time," Bajaj Finance said in a BSE filing.
Consumer stocks, particularly in the retail and quick-service restaurant (QSR) sectors, are gaining attention due to upcoming events like the World Cup and festivals. Footfalls in malls have improved, creating a captive audience for retailers and QSRs. Sapphire Foods and Jubilant Foods are seen as positive investments in this space. Price cuts in the pizza segment, driven by competition and the Cricket World Cup, are not seen as negative, as they can lead to increased consumption.
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