Update shared on 26 Nov 2025
Fair value Decreased 1.48%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. The Board will also consider amendments to the Employee Stock Option Plan 2020 (Key Developments).
- A final dividend of INR 1.50 per equity share for the financial year ended March 31, 2025 was declared at the Annual General Meeting held on September 12, 2025 (Key Developments).
- Warburg Pincus LLC is in talks to acquire about 10% stake in Kalyan Jewellers' lifestyle brand Candere for INR 8,000 million to INR 8,500 million. The proceeds will support Candere's expansion and store growth through a franchise-led model (Key Developments).
- A Special and Extraordinary Shareholders Meeting is scheduled for December 14, 2025 and will be conducted via postal ballot in India (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has decreased slightly from ₹692.50 to ₹682.22 per share.
- Discount Rate has risen marginally from 15.65% to 15.75%.
- Revenue Growth estimates remain unchanged at approximately 24.01%.
- Net Profit Margin outlook is steady at around 3.73%.
- Future P/E multiple has fallen from 55.35x to 54.04x.
Disclaimer
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