Kalyan Jewellers India Ltd.
KALYANKJILConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
16 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 16 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20221115 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230213 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230518 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230814 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231121 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240205 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240514 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240805 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241119 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250203 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250512 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250811 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251110 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260210 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260808 | 2026-06-30 | yes |
KALYANKJIL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 573.60 |
| 52-week range | 330.8 – 634.6 |
| Return 1M | -6.37% |
| Return 3M | 51.83% |
| Return 1Y | 19.72% |
| Return 3Y | 180.9% |
| Return 5Y | 725.32% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 10,589.00 |
| Other income | 56.00 |
| Total income | 10,645.00 |
| Cost of materials consumed | 9,100.00 |
| Purchases of stock-in-trade | 93.00 |
| Changes in inventories | 132.00 |
| Employee benefit expense | 315.00 |
| Finance costs | 108.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.63 | -0.00 |
| institutions foreign | 0.11 | -0.04 |
| institutions domestic | 0.16 | 0.02 |
| mutual funds | 0.15 | 0.02 |
| public | 0.37 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 16 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,473.00 | 3,884.00 | 3,382.00 | 4,376.00 | 4,415.00 | 5,223.00 | 4,535.00 | 5,535.00 | 6,065.00 | 7,287.00 | 6,182.00 | 7,268.00 | 7,856.00 | 10,343.00 | 10,275.00 | 10,589.00 |
| Other income | 8.00 | 7.00 | 15.00 | 12.00 | 13.00 | 20.00 | 29.00 | 22.00 | 26.00 | 31.00 | 41.00 | 46.00 | 51.00 | 64.00 | 46.00 | 56.00 |
| Total income | 3,481.00 | 3,891.00 | 3,396.00 | 4,387.00 | 4,428.00 | 5,243.00 | 4,564.00 | 5,558.00 | 6,091.00 | 7,318.00 | 6,222.00 | 7,315.00 | 7,907.00 | 10,408.00 | 10,321.00 | 10,645.00 |
| Cost of materials consumed | 3,283.00 | 3,603.00 | 3,312.00 | 3,764.00 | 3,952.00 | 4,852.00 | 4,502.00 | 4,836.00 | 5,374.00 | 6,353.00 | 5,873.00 | 6,994.00 | 8,009.00 | 9,238.00 | 10,991.00 | 9,100.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.00 | 65.00 | 41.00 | 192.00 | 85.00 | 93.00 |
| Changes in inventories | -336.00 | -341.00 | -463.00 | -49.00 | -168.00 | -391.00 | -628.00 | -94.00 | -74.00 | 34.00 | -617.00 | -798.00 | -1,211.00 | -445.00 | -2,122.00 | 132.00 |
| Employee benefit expense | 103.00 | 118.00 | 120.00 | 141.00 | 149.00 | 156.00 | 160.00 | 172.00 | 170.00 | 193.00 | 204.00 | 210.00 | 218.00 | 247.00 | 266.00 | 315.00 |
| Finance costs | 74.00 | 77.00 | 80.00 | 82.00 | 82.00 | 82.00 | 78.00 | 85.00 | 90.00 | 88.00 | 96.00 | 104.00 | 95.00 | 104.00 | 130.00 | 108.00 |
| Depreciation and amortisation | 60.00 | 62.00 | 63.00 | 64.00 | 67.00 | 70.00 | 74.00 | 75.00 | 85.00 | 89.00 | 93.00 | 98.00 | 103.00 | 109.00 | 113.00 | 115.00 |
| Other expenses | 157.00 | 177.00 | 157.00 | 196.00 | 168.00 | 236.00 | 195.00 | 245.00 | 268.00 | 268.00 | 247.00 | 291.00 | 302.00 | 360.00 | 320.00 | 316.00 |
| Total expenses | 3,341.00 | 3,696.00 | 3,268.00 | 4,199.00 | 4,250.00 | 5,005.00 | 4,380.00 | 5,320.00 | 5,914.00 | 7,025.00 | 5,972.00 | 6,962.00 | 7,557.00 | 9,806.00 | 9,782.00 | 10,180.00 |
| Profit before exceptional items and tax | 140.00 | 195.00 | 128.00 | 188.00 | 178.00 | 239.00 | 184.00 | 237.00 | 178.00 | 294.00 | 251.00 | 353.00 | 350.00 | 601.00 | 539.00 | 465.00 |
| Exceptional items | 0.00 | 0.00 | -33.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -42.00 | 0.00 | 0.00 |
| Profit before tax | 140.00 | 195.00 | 95.00 | 188.00 | 178.00 | 239.00 | 184.00 | 237.00 | 178.00 | 294.00 | 251.00 | 353.00 | 350.00 | 560.00 | 539.00 | 465.00 |
| Current tax | 37.00 | 50.00 | 32.00 | 47.00 | 45.00 | 60.00 | 45.00 | 89.00 | 52.00 | 86.00 | 72.00 | 97.00 | 112.00 | 179.00 | 208.00 | 49.00 |
| Deferred tax | -3.00 | -3.00 | -8.00 | -3.00 | -2.00 | -2.00 | 1.00 | -30.00 | -5.00 | -11.00 | -9.00 | -8.00 | -23.00 | -36.00 | -79.00 | 67.00 |
| Tax expense | 34.00 | 46.00 | 25.00 | 45.00 | 43.00 | 58.00 | 46.00 | 60.00 | 48.00 | 75.00 | 63.00 | 89.00 | 90.00 | 144.00 | 129.00 | 116.00 |
| Profit for the period | 106.00 | 148.00 | 70.00 | 144.00 | 135.00 | 180.00 | 137.00 | 178.00 | 130.00 | 219.00 | 188.00 | 264.00 | 261.00 | 416.00 | 410.00 | 349.00 |
| Profit attributable to owners | 106.00 | — | 70.00 | 144.00 | 135.00 | 181.00 | 138.00 | 178.00 | 131.00 | 219.00 | 188.00 | 264.00 | 261.00 | 416.00 | 410.00 | 349.00 |
| Profit attributable to non-controlling interests | -0.00 | — | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -7.00 | 100.00 | 3.00 | -14.00 | 0.00 | 15.00 | -4.00 | -2.00 | 6.00 | 1.00 | 41.00 | -40.00 | 195.00 | -14.00 | 184.00 | -60.00 |
| Total comprehensive income | 99.00 | 249.00 | 73.00 | 130.00 | 135.00 | 195.00 | 133.00 | 176.00 | 136.00 | 220.00 | 229.00 | 225.00 | 455.00 | 402.00 | 594.00 | 289.00 |
| Earnings per share, basic | 1.03 | 1.44 | 0.68 | 1.40 | 1.31 | 1.75 | 1.34 | 1.73 | 1.27 | 2.12 | 1.82 | 2.56 | 2.52 | 4.03 | 3.97 | 3.38 |
| Earnings per share, diluted | 1.03 | 1.44 | 0.68 | 1.40 | 1.31 | 1.75 | 1.34 | 1.72 | 1.27 | 2.12 | 1.82 | 2.56 | 2.52 | 4.03 | 3.95 | 3.37 |
Annual results, as filed
| Line | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 8,573.00 | 10,818.00 | 14,071.00 | 18,548.00 | 25,045.00 | 35,743.00 |
| Other income | 45.00 | 38.00 | 38.00 | 74.00 | 145.00 | 208.00 |
| Total income | 8,619.00 | 10,856.00 | 14,109.00 | 18,622.00 | 25,190.00 | 35,951.00 |
| Cost of materials consumed | 7,482.00 | 9,709.00 | 13,104.00 | 17,070.00 | 22,257.00 | 35,232.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 254.00 | 383.00 |
| Changes in inventories | -368.00 | -583.00 | -1,232.00 | -1,236.00 | -751.00 | -4,576.00 |
| Employee benefit expense | 332.00 | 354.00 | 441.00 | 606.00 | 739.00 | 940.00 |
| Finance costs | 375.00 | 322.00 | 303.00 | 323.00 | 359.00 | 433.00 |
| Depreciation and amortisation | 225.00 | 232.00 | 245.00 | 274.00 | 343.00 | 423.00 |
| Other expenses | 533.00 | 523.00 | 645.00 | 795.00 | 1,028.00 | 1,273.00 |
| Total expenses | 8,579.00 | 10,557.00 | 13,505.00 | 17,833.00 | 24,230.00 | 34,107.00 |
| Profit before exceptional items and tax | 39.00 | 299.00 | 605.00 | 789.00 | 960.00 | 1,843.00 |
| Exceptional items | 0.00 | 0.00 | -33.00 | 0.00 | 0.00 | -42.00 |
| Profit before tax | 39.00 | 299.00 | 572.00 | 789.00 | 960.00 | 1,802.00 |
| Current tax | 76.00 | 81.00 | 155.00 | 198.00 | 300.00 | 597.00 |
| Deferred tax | -31.00 | -6.00 | -15.00 | -6.00 | -55.00 | -145.00 |
| Tax expense | 45.00 | 75.00 | 140.00 | 193.00 | 245.00 | 452.00 |
| Profit for the period | -6.00 | 224.00 | 432.00 | 596.00 | 714.00 | 1,350.00 |
| Profit attributable to owners | -6.00 | 224.00 | 433.00 | 597.00 | 715.00 | 1,350.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -1.00 | -1.00 | -1.00 | 0.00 |
| Other comprehensive income | -61.00 | 85.00 | 65.00 | -3.00 | 47.00 | 325.00 |
| Total comprehensive income | -67.00 | 309.00 | 496.00 | 594.00 | 761.00 | 1,676.00 |
| Earnings per share, basic | -0.07 | 2.18 | 4.20 | 5.80 | 6.93 | 13.08 |
| Earnings per share, diluted | -0.07 | 2.18 | 4.20 | 5.80 | 6.93 | 13.05 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 9,700.00 | 10,713.00 | 11,477.00 | 12,818.00 | 13,759.00 | 15,126.00 | 17,091.00 | 20,717.00 |
| Non-current assets | 2,173.00 | 2,197.00 | 2,483.00 | 2,869.00 | 3,197.00 | 3,727.00 | 4,010.00 | 4,386.00 |
| Current assets | 7,526.00 | 8,382.00 | 8,860.00 | 9,815.00 | 10,537.00 | 11,399.00 | 13,081.00 | 16,331.00 |
| Property, plant and equipment | 995.00 | 874.00 | 963.00 | 1,090.00 | 1,181.00 | 1,306.00 | 1,401.00 | 1,498.00 |
| Capital work-in-progress | 2.00 | 20.00 | 32.00 | 48.00 | 9.00 | 8.00 | 12.00 | 18.00 |
| Goodwill | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Other intangible assets | 7.00 | 5.00 | 4.00 | 3.00 | 1,243.00 | 2.00 | 2.00 | 1.00 |
| Inventories | 6,306.00 | 7,014.00 | 7,263.00 | 8,298.00 | 8,775.00 | 9,681.00 | 11,329.00 | 14,175.00 |
| Trade receivables | 172.00 | 244.00 | 384.00 | 328.00 | 461.00 | 400.00 | 508.00 | 867.00 |
| Cash and cash equivalents | 187.00 | 141.00 | 237.00 | 178.00 | 315.00 | 370.00 | 368.00 | 307.00 |
| Total equity and liabilities | 9,700.00 | 10,713.00 | 11,477.00 | 12,818.00 | 13,759.00 | 15,126.00 | 17,091.00 | 20,717.00 |
| Equity | 3,313.00 | 3,634.00 | 3,852.00 | 4,188.00 | 4,359.00 | 4,804.00 | 5,341.00 | 6,309.00 |
| Equity share capital | 1,030.00 | 1,030.00 | 1,030.00 | 1,030.00 | 1,031.00 | 1,031.00 | 1,033.00 | 1,033.00 |
| Other equity | 2,282.00 | 2,605.00 | 2,823.00 | 3,159.00 | 3,328.00 | 3,772.00 | 4,309.00 | 5,276.00 |
| Total liabilities | 6,387.00 | 7,078.00 | 7,625.00 | 8,630.00 | 9,400.00 | 10,322.00 | 11,749.00 | 14,408.00 |
| Non-current liabilities | 644.00 | 710.00 | 851.00 | 1,047.00 | 1,227.00 | 1,512.00 | 1,647.00 | 1,840.00 |
| Current liabilities | 5,743.00 | 6,369.00 | 6,773.00 | 7,583.00 | 8,174.00 | 8,811.00 | 10,103.00 | 12,568.00 |
| Borrowings, non-current | 17.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 1,479.00 | 1,647.00 | 1,563.00 | 1,064.00 | 796.00 | 950.00 | 599.00 | 524.00 |
| Trade payables | 916.00 | 1,193.00 | 1,367.00 | 1,944.00 | 1,910.00 | 2,350.00 | 2,821.00 | 3,360.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 721.00 | 1,013.00 | 518.00 | 1,323.00 | 885.00 | 1,209.00 | 741.00 | 1,318.00 |
| Net cash from investing activities | -112.00 | -384.00 | -42.00 | -138.00 | -49.00 | -177.00 | 86.00 | -118.00 |
| Net cash from financing activities | -572.00 | -638.00 | -381.00 | -1,148.00 | -699.00 | -840.00 | -830.00 | -1,264.00 |
| Purchase of property, plant and equipment | 70.00 | 187.00 | 160.00 | 371.00 | 191.00 | 427.00 | 224.00 | 406.00 |
| Net increase in cash | 38.00 | -8.00 | 96.00 | 37.00 | 137.00 | 193.00 | -2.00 | -64.00 |
| con:CFO.BEFORE_TAX | 774.00 | 1,142.00 | 614.00 | 1,549.00 | 1,016.00 | 1,447.00 | 907.00 | 1,744.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 52.00 | 129.00 | 96.00 | 226.00 | 130.00 | 238.00 | 165.00 | 427.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 2.00 | 8.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 4.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 20.00 | 3.00 | 27.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 60.55 | 60.55 | 60.55 | 60.55 | 60.63 | 60.59 | 62.90 | 62.85 | 62.85 | 62.82 | 0.63 | 0.63 | 0.63 | 0.63 |
| Domestic institutions | 2.63 | 5.17 | 4.86 | 5.48 | 11.00 | 11.76 | 13.74 | 13.58 | 11.97 | 13.33 | 0.15 | 0.15 | 0.14 | 0.16 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 11.81 | 0.14 | 0.15 | 0.14 | 0.15 |
| Insurance companies | 0.00 | 0.00 | 0.02 | 0.03 | 0.19 | 0.64 | 0.87 | 0.78 | 0.40 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 29.65 | 27.09 | 26.56 | 26.21 | 21.11 | 21.19 | 15.75 | 16.37 | 16.89 | 16.83 | 0.14 | 0.14 | 0.15 | 0.11 |
| Government | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 39.45 | 39.45 | 39.45 | 39.45 | 39.37 | 39.41 | 37.10 | 37.15 | 37.15 | 37.18 | 0.37 | 0.37 | 0.37 | 0.37 |
| Non-institutional | 7.17 | 7.19 | 8.02 | 7.76 | 7.26 | 6.46 | 7.62 | 7.21 | 8.30 | 7.02 | 0.09 | 0.08 | 0.08 | 0.10 |
| Shares outstanding | 1030053057 | 1030053057 | 1030053057 | 1030053057 | 1030053057 | 1030613398 | 1031232289 | 1031435375 | 1031435375 | 1031895145 | 1032552591 | 1032662662 | 1032740207 | 1032740207 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Kenouz Al Sharq Gold Ind.LLC | Subsidiaries | Sale of goods or services | 4,065,000,000.00 | 1 |
| Kalyan Jewellers LLC, UAE | Subsidiaries | Any other transaction, Interest received, Sale of go | 2,679,330,000.00 | 4 |
| Kalyan Jewellers Procurement SPC - Oman | Subsidiaries | Sale of goods or services | 1,394,020,000.00 | 1 |
| Kalyan Jewellers Company for Golden Jewelleries | Subsidiaries | Any other transaction, Interest received, Sale of go | 1,227,760,000.00 | 3 |
| Kalyan Jewellers FZE, UAE | Subsidiaries | Any other transaction | 737,560,000.00 | 1 |
| Kalyan Jewellers FZE | Wholly owned Subsidiary | Any other transaction, Investment | 683,240,000.00 | 6 |
| Enovate Lifestyles Private Limited | Subsidiaries | Any other transaction, Investment, Purchase of goods | 628,750,000.00 | 8 |
| Kalyan Jewellers INC | Subsidiaries | Any other transaction | 355,760,000.00 | 1 |
| Kalyan Jewellers WLL, Qatar | Subsidiaries | Any other transaction, Interest received | 281,400,000.00 | 2 |
| Kalyan Jewellers LLC, Oman | Subsidiaries | Any other transaction, Interest received | 255,450,000.00 | 3 |
| Sanjay Raghuraman | CEO (KMP) | Any other transaction, Dividend paid | 82,680,000.00 | 4 |
| V. Swaminathan | CFO (KMP) | Any other transaction | 31,710,000.00 | 3 |
| M/s Kalyan Textile | Enterprises over which KMP are abl | Any other transaction | 24,840,000.00 | 1 |
| T.K. Seetharam | Promoter & Managing Director ( | Remuneration | 4,570,000.00 | 1 |
| T.K. Ramesh | Promoter & Managing Director ( | Remuneration | 4,570,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-08 | Q1FY27 | CORPORATE OFFICE, DIRECTOR, OFFICER | Read the call |
| 2026-05-11 | Q4FY26 | CORPORATE OFFICE, INVESTOR RELATIONS | Read the call |
| 2026-02-10 | Q3FY26 | CORPORATE AFFAIRS), DIRECTOR, OFFICER | Read the call |
| 2025-11-10 | Q2FY26 | CORPORATE AFFAIRS, DIRECTOR, OFFICER | Read the call |
| 2025-08-11 | Q1FY26 | CORPORATE AFFAIRS, DIRECTOR, FINANCIAL OFFICER, OFFICER | Read the call |
| 2025-05-12 | Q4FY25 | KALYAN JEWELLERS INDIA LIMITED, LIMITED | Read the call |
| 2025-02-03 | Q3FY25 | KALYAN JEWELLERS INDIA LIMITED | Read the call |
| 2024-11-19 | Q2FY25 | KALYAN JEWELLERS LIMITED | Read the call |
| 2024-08-05 | Q1FY25 | KALYAN JEWELLERS LIMITED | Read the call |
| 2024-05-14 | Q4FY24 | KALYAN JEWELLERS LIMITED | Read the call |
| 2024-02-05 | Q3FY24 | DIRECTOR | Read the call |
| 2023-11-21 | Q2FY24 | INDIA LIMITED, JEWELLERS INDIA LIMITED | Read the call |
| 2023-08-14 | Q1FY24 | JEWELLERS INDIA LIMITED | Read the call |
| 2023-05-18 | Q4FY23 | KALYAN JEWELLERS LIMITED | Read the call |
| 2023-02-13 | Q3FY23 | KALYAN JEWELLERS INDIA LIMITED | Read the call |
| 2022-11-15 | Q2FY23 | JEWELLERS INDIA LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | And sir, last bit is on the other income part, I think because you are also receiving some other income money because of the CAPEX that you are incurr… | — | Just on the CAPEX bid, if you can highlight the CAPEX bid for India for this year and the next year, and also, for the Candere in the international ma… | So, capex will be what INR 80 crores, INR 90 crores will be maintenance capex itself and the rest will be for the new stores which we opened. | And if you see this year, the franchisee model, which we have actually chosen is CapEx is going to be from Kalyan and only the inventory comes from th… | Even in this financial year, if you remember, initially the first half was the old model where capex was put by Kalyan and franchisee was investing in… | So close to 50% of the cash generated will be used for dividends and debt reduction, capex, etc. Balance 50%, we have to park some funds for Candere a… |
| Capital allocation | We told you last time, we have engaged a consultant to explore divesting the aircraft and we continue to engage with them very closely and they are ac… | — | — | First of all, the pledge was done only for buyback of Kalyan shares. | This is despite a onetime extraordinary pretax write-off of around INR 33 crores relating to divestment of certain noncore assets. | With respect to the divestment of mobile noncore assets, we have completed the sales process and have received the proceeds. | May 08, 2025 In line with our announced dividend policy, Board of Directors has recommended a dividend of approximately INR150 crores, payout in exces… | And the next question is on the divestment of the assets. |
| Debt and cash | We continue to remain committed to our recently announced strategy of optimizing our ROCE profile using profits and free cash flow to repay debt and r… | 130 crores will come through the sale of non-core assets and the balance you will be basically utilizing the free cash flow generation and just the co… | — | So, what do you call, there is no major change in our cash flow planning for the years. | While driving the day-to-day execution, we had developed and successfully rolled out a strategy and roadmap to further improve the cash flow profile o… | Overall, working capital loans in India came down by INR 270 crores. | — | Sir, just from a cash flow perspective, can you please talk about the next couple of years, what do you do with the cash flows, right? |
| Demand | Additionally, we know that December, there was some muted demand, three weeks of December, especially because of the postponement of discretionary dem… | So, once we see that demand is getting accumulated, then we will surely look into that, but as we speak, we don't see any demand in that space. | Q3 SSSG has been driven largely by the robust festive and wedding demand and lesser number of Shraddh days also played a part. | So, Southern markets, the franchisee number of stores or the demand for South market franchisees, when you compare to non-South, it is not as big as t… | We are witnessing encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter. | We are witnessing encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter and Akshaya Tritiya adva… | We witnessed robust growth in our Akshaya Tritiya sale this year, and we continue to see encouraging momentum in consumer demand, especially around th… | I think even if you look at the full quarter, the last, say, 40 days or so and compare it with maybe Q3FY26 as well as Q4FY26, have you seen that the … |
| Guidance | I mean is that the difference between 15 stores is going to come in next year or if you can guide me that when these 20 stores will finally get execut… | And sir, you also mentioned that you are planning to open 2 showrooms in the US market, so that will be inclusive of the 4-5 guidance that you gave fo… | And sir, my last question is with regards to recent saga have you seen any impact on the addition of the franchise partners or any change in the store… | — | There has been a slight delay in setting up the vertical, largely due to the local regulatory compliances and we expect to launch the first franchised… | That was the guidance, and that is almost in line. | With the situation slowly returning to normalcy, we expect to flat position and reduce non-GML levels over the near term. | But we don't want to guide you in that direction. |
| Margin | EBITDA in the Middle East business came in at INR 52 crores versus INR 46 crores in the same quarter of the previous year. | And one more reason is that franchisee share comes with a lesser gross margin. | So, you would have been seeing some ad spend higher in Q2, which has been lower in Q3. So that is why your Q3 majorly employee expenses and ad spends … | Secondly, sir, in terms of our gross margin construct, given the policy of hedging we operate with and also, the shift makes towards your franchisee s… | May 15, 2023 East EBITDA came in at INR 188 crores for the year versus INR 123 crores in the previous year. | Our India Q4 EBITDA was INR 263 crores versus INR 217 crores when compared with the corresponding quarter of the previous year. | So our margin is only regarding the making charge. | So, there are a lot of drivers to your margin, right? |
| People | — | — | — | — | — | — | — | — |
| Pricing | That is basically because of the pressure from the unorganized segment in the gold pricing itself. | — | And the second thing is also like on the -- at the consumer-facing side, how are the prices trending, especially when you look at whether your own pri… | We will have to trim the volume not directly to the percentage of the price increase, but to some extent to manage our inventory, because our turns wi… | And when your gold price increases, of course, we cannot increase the -- we cannot keep the same volume because then you will have to invest the same … | So pricing, if you look at, we have not seen anything drastically different over the past, what, 4, 5 quarters because the competition intensity has a… | But, yes, the inventory, composition, etcetera, on 18-carat, 22-carat, again, the heavyweight versus lightweight versus mid weight products, these kin… | And the gold metal loan pricing also kind of tapered down by almost the first quarter. |
| Revenue growth | We recorded consolidated revenue growth of approximately 13% in Q3 FY 2023 over the same period in the prior year and 34% for YTD nine months FY 2023 … | Starting with the revenue growth momentum in the Middle East and there is a loss, there is a PAT which has declined, so if you could give a little mor… | It has been an excellent year so far with consolidated revenue growth of approximately 35% and stand-alone revenue of approximately 37% for the first … | This quarter, revenue growth is close to 28%, while we added close to about 4 stores. | And the non-South revenue growth, of course, the SSG is stronger than South India, but over and above that, this much percentage differences because o… | We recorded consolidated revenue growth of approximately 34% and PBT growth was approximately 44%. | Standalone business recorded revenue growth of 38% and PAT growth of around 41%. | But of course, you know that the first-year revenue growth for any store, be it franchise, be it non-franchise, it has a better SSSG than the showroom… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2023-05-18 | Q4FY23 | KALYAN JEWELLERS LIMITED | We should be closer to 5% by the end of the financial year. |