Kalyan Jewellers India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Investors in Kalyan Jewellers India Limited (NSE:KALYANKJIL) had a good week, as its shares rose 2.1% to close at ₹519 following the release of its annual results. Revenues of ₹252b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹6.93, missing estimates by 6.2%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Our free stock report includes 1 warning sign investors should be aware of before investing in Kalyan Jewellers India. Read for free now.

Following the latest results, Kalyan Jewellers India's seven analysts are now forecasting revenues of ₹324.0b in 2026. This would be a huge 29% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 63% to ₹11.31. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹318.3b and earnings per share (EPS) of ₹11.05 in 2026. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

Check out our latest analysis for Kalyan Jewellers India

The consensus price target was unchanged at ₹631, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Kalyan Jewellers India at ₹770 per share, while the most bearish prices it at ₹520. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Kalyan Jewellers India's growth to accelerate, with the forecast 29% annualised growth to the end of 2026 ranking favourably alongside historical growth of 22% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Kalyan Jewellers India to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Kalyan Jewellers India following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at ₹631, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Kalyan Jewellers India. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Kalyan Jewellers India analysts - going out to 2028, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Kalyan Jewellers India , and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.