Kalyan Jewellers India

Expanding Retail Network And Operational Improvements Will Shape Jewellery Markets

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

25 Nov 24

Updated

10 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-35.8%

7D

-2.7%

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1Y

-35.8%

7D

-2.7%

You can edit this narrative until Dec 11 9:06 AM. Then, changes will post as Updates.

Author's Valuation

₹682.2229.7% undervalued

AnalystConsensusTarget Fair Value

Shared on 10 Dec 25

KALYANKJIL: Future Franchise Expansion Will Be Supported By Upcoming Stake Sale

Analysts have modestly raised their price target for Kalyan Jewellers India by Rs 0.00, citing slightly higher assumed discount rates and a marginal uptick in long term valuation multiples, while keeping core growth and margin expectations broadly unchanged. What's in the News Final dividend of INR 1.50 per equity share for FY 2024 to 2025 approved at the September 12, 2025 Annual General Meeting (company filing) Board meeting scheduled for November 07, 2025 to approve unaudited standalone and consolidated results for the quarter and half year ended September 30, 2025, and to consider amendments to the Employee Stock Option Plan 2020 (company notice) Special and extraordinary shareholders meeting to be conducted via postal ballot on December 14, 2025 for key corporate approvals (company notice) Valuation Changes Fair Value Estimate: unchanged at ₹682.22 per share, indicating no revision to the intrinsic value assessment.

Shared on 26 Nov 25

Fair value Decreased 1.48%

KALYANKJIL: Stake Sale Will Support Expansion Through New Franchise Model Next Year

Analysts have slightly lowered their price target for Kalyan Jewellers India from ₹692.50 to ₹682.22, citing a marginally higher discount rate, which offsets stable growth and profitability estimates. What's in the News Kalyan Jewellers India Limited will hold a Board Meeting on November 7, 2025 at 14:00 IST to approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.

Shared on 10 Nov 25

Fair value Increased 2.03%

KALYANKJIL: Stake Sale and Board Actions Will Drive Expansion Next Year

Analysts have raised their price target for Kalyan Jewellers India from ₹678.75 to ₹692.50. This change is based on modest improvements in revenue growth projections, balanced against slightly lower profit margin expectations.

Shared on 01 May 25

Fair value Decreased 3.25%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 7.07%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 4.55%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 3.15%

AnalystConsensusTarget has decreased future PE multiple from 79.4x to 59.7x.

AnalystConsensusTarget Fair Value

₹682.22

29.7% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

21.54%

Luxury revenue growth rate

0.29%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

15.81%

Calculation

₹20.32b

Earnings '28

x

54.10x

PE Ratio '28

=

₹1.10t

Market Cap '28

₹1.10t

Market Cap '28

/

1.04b

No. shares '28

=

₹1.06k

Share Price '28

₹1.06k Share Price '28

Discounted to 2025 @ 15.79% p.a.

=

₹681.88

Fair Value '25