Kalyan Jewellers Q4 Results: Profit Meets Estimates
The jewellery firm recommended a final dividend of Re 1.5 per share of a face value of Rs 10 each for the fiscal ended March 31.
Kalyan Jewellers Ltd.'s consolidated net profit jumped 36% in the quarter ended March, meeting analysts' estimates.
The jewellery firm posted a profit of Rs 188 crore in the fourth quarter of the last financial year, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a consensus estimate of Rs 185.8 crore.
Kalyan Jewellers Q4 FY25 Highlights (Consolidated, YoY)
Revenue up 36.6% to Rs 6,181 crore versus Rs 4,525 crore (Bloomberg estimate: Rs 6,167.7 crore).
Ebitda up 34.8% to Rs 399 crore versus Rs 296 crore.
Margin at 6.4% versus 6.5%.
Net profit up 36.2% to Rs 188 crore versus Rs 138 crore (Estimate: Rs 185.8 crore).
The firm recommended a final dividend of Re 1.5 per share of a face value of Rs 10 each for the fiscal ended March 31, subject to approval from shareholders.
The company also allotted 4,59,770 equity shares of face value Rs 10 each to eligible employees upon exercise of vested options under the Kalyan Jewellers Employee Stock Ownership Plan 2020.
Shares of Kalyan Jewellers closed 2.05% lower at Rs 512.40 apiece on the NSE, compared to a 0.58% decline in the benchmark Nifty. The share price has fallen 30.28% in the last 12 months and 33.13% on a year-to-date basis.
Eight out of the nine analysts tracking the company have a 'buy' rating on the stock and one recommends 'sell', according to Bloomberg. The stock's return potential was at 18.9%.
