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

Update shared on 10 Nov 2025

Fair value Increased 2.03%
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AnalystConsensusTarget's Fair Value
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1Y
-29.8%
7D
4.7%

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.

What's in the News

  • Kalyan Jewellers India Limited's Board Meeting is scheduled for November 7, 2025. The agenda includes consideration of approval for the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and potential amendments to the Employee Stock Option Plan 2020 (company announcement).
  • At the Annual General Meeting held on September 12, 2025, the company declared a final dividend of INR 1.50 per equity share for the financial year ended March 31, 2025 (company announcement).
  • Warburg Pincus LLC is reportedly in talks to acquire a 10 percent stake in Kalyan Jewellers' lifestyle brand Candere for approximately INR 8,000 to 8,500 million. Proceeds from newly issued shares are expected to fund Candere's ongoing national expansion (ET report).

Valuation Changes

  • Consensus Analyst Price Target has risen slightly from ₹678.75 to ₹692.50.
  • Discount Rate has increased marginally from 15.58 percent to 15.65 percent.
  • Revenue Growth projection has improved from 23.66 percent to 24.01 percent.
  • Net Profit Margin estimate has edged down from 3.77 percent to 3.73 percent.
  • Future P/E ratio forecast has declined from 57.22x to 55.35x.

Disclaimer

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