Shares of Kalyan Jewellers surged over 3% on Friday following the release of its March quarter (Q4) earnings, showcasing a robust performance. The jewellery major reported a 36.5% year-on-year (YoY) jump in net profit, reaching ₹187.6 crore, up from ₹137.4 crore in the same period last year.
The stock climbed 3.2% to ₹527.70 on the BSE, compared to its previous close of ₹511.30. With this rise, the company’s market capitalisation increased to ₹53,691 crore. Trading activity was also notable, with 4.10 lakh shares changing hands, amounting to a turnover of ₹21.26 crore.
Kalyan Jewellers has demonstrated impressive long-term growth, with its shares gaining 31% over the past year and a massive 396% rise over the last two years. On the technical front, the Relative Strength Index (RSI) stands at 66.1, suggesting that the stock is neither overbought nor oversold. Its beta of 1.3 reflects high volatility over a one-year period.
In terms of financials, the company reported a 36.6% YoY increase in revenue, which stood at ₹6,181.5 crore, compared to ₹4,525 crore in the corresponding quarter last year. Additionally, EBITDA grew by 34.8%, reaching ₹399 crore from ₹296 crore. However, the EBITDA margin slightly declined by 10 basis points, settling at 6.5%, down from 6.6% a year ago.
As a reward to shareholders, Kalyan Jewellers proposed a final dividend of ₹1.50 per equity share for FY25, pending approval at the upcoming Annual General Meeting.
