KALYAN JEWELLERS IND LTD

Kalyan Jewellers India Limited reported satisfactory performance for Q1 FY27, with consolidated revenue growth of 38% and profit after tax (PAT) growth of 32%. Management noted robust demand, except during the Adhik-Maas period, and highlighted the success of their "Shine with India" gold recirculation campaign, which increased the share of recycled gold to over 46%. The company launched a regional brand, Akshaya Thanga Maligai, tailored for Tamil Nadu, with plans for multiple showrooms. Management confirmed ongoing efforts to reduce non-GML debt and maintain PBT margins similar to the previous year, despite some margin dilution from old gold exchanges. The e-commerce segment, Candere, reported positive PAT and plans to open 50 new showrooms. Overall, management expressed confidence in the growth trajectory and market positioning amidst competition.

Management emphasized strong performance and growth initiatives.