Kalyan Jewellers Shares Surge On Friday Despite Weak Markets, Why Is Stock Rising?

Kalyan Jewellers: Kalyan Jewellers India Ltd’s shares gained 3 per cent intraday on Friday despite volatile market conditions triggered by the escalation of India-Pakistan tensions following Operation Sindoor. The surge in jewellery stock came post its robust quarterly earnings for the quarter ended March 31, 2025.

Stocks were trading at Rs 520.50 apiece with a gain of 1.80 per cent around 1:50 pm. The scrip earlier opened at Rs 496.30 apiece, against the previous day close at Rs 511.30 apiece.

Kalyan Jewellers’ current market cap stands at Rs 53,686.21 crore, and is part of BSE 500.

The company recorded consolidated revenue of Rs 25,045 crore in FY25 as against Rs 18,516 crore in the previous financial year, a growth of 35%. Consolidated PAT for FY25 was Rs 714 crore as against a PAT of Rs 596 crore in the previous financial year.

Consolidated revenue and PAT for Q4 FY25 was Rs 6,182 Cr and Rs 188 Cr respectively, a growth of 37% and 36% respectively. Standalone revenue (India) and PAT for Q4 FY25 was Rs 5,350 Cr and Rs 185 Cr respectively, a growth of 38% and 41% respectively.

Middle East revenue and PAT for Q4 FY25 was Rs 784 Cr and Rs 12 Cr respectively, a growth of 26% and 22% respectively.

Middle East revenue and PAT for Q4 FY25 was Rs 784 Cr and Rs 12 Cr respectively, a growth of 26% and 22% respectively. The lifestyle jewellery platform Candere, recorded a revenue of 28 Crs and net loss of 12 Crs for Q4 FY25.

Mr Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We had an excellent start to the current financial year despite continuing volatility in gold prices carrying forward the momentum in business from the previous financial year. We witnessed robust growth in our Akshaya Tritiya sale this year and we continue to see encouraging momentum in consumer demand, especially around the wedding purchases during the current quarter."