Motilal Oswal has advised investors to buy shares of Kalyan Jewellers India Ltd., with a target price of Rs 570. The current market price is Rs 501.75.
Kalyan Jewellers India Ltd., founded in 2009, is a small-cap company with a market capitalization of Rs 51,571.89 crore. It operates in the Gems and Jewellery sector.
Products and Revenue
Kalyan Jewellers’ key products and revenue segments include diamonds, gems, jewellery, and other operating revenue for the year ending March 31, 2023.
Financial Performance
For the quarter ending March 31, 2024, the company reported a consolidated total income of Rs 4,563.73 crore, a decrease of 12.96% from the previous quarter’s total income of Rs 5,243.21 crore. However, this is a 34.37% increase from the same quarter last year, which had a total income of Rs 3,396.43 crore. The company reported a net profit after tax of Rs 137.49 crore in the latest quarter.
Ownership Structure
As of June 30, 2024, promoters hold 60.59% of the company, while Foreign Institutional Investors (FIIs) own 21.18% and Domestic Institutional Investors (DIIs) hold 11.75%.
Motilal Oswal’s recommendation reflects confidence in Kalyan Jewellers’ financial performance and growth prospects in the Gems and Jewellery sector.
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