Kalyan Jewellers India rises after strong quarterly update

Kalyan Jewellers India

07/01/2025 04:13

** Shares of Kalyan Jewellers India  KALN.NS  rise as much
as 4.9% to 781.15 rupees
    ** The jewellery maker and retailer says it recorded
consolidated revenue growth of about 39% Y/Y in Q3FY25
    ** Adds that its India operations witnessed revenue growth
of about 41% Y/Y in Q3, driven by very strong festive and
wedding demand across both gold and studded categories
    ** More than 2.9 mln shares change hands, 0.5x of 30-day avg
    ** Avg rating of eight analysts equivalent of "buy", median
PT is 755 rupees - LSEG data
    ** Stock rose 4.9% in Dec qtr, its seventh straight
quarterly gain



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))