Kalyan Jewellers market cap surpasses Rs 50,000 crore milestone

TFW Bureau
TFW Bureau Jul 01, 2024 - 1 min read
Kalyan Jewellers market cap surpasses Rs 50,000 crore milestone image
Company’s share price touched 52 week high of Rs.546.15 during Friday’s session

Kalyan Jewellers India Ltd saw its market capitalization cross Rs. 50,000 crore mark for the first-time. The company’s market cap now stands at Rs.51,772.86 cr. The Kerala headquartered jeweller retailer recorded a 52 week high in its share price, which touched Rs.546.15 during Friday’s session and closed at Rs.502.35.

Since its shares’ debut in March 2021, Kalyan Jewellers’ stock has gained more than sixfold.

Kalyan Jewellers, headquartered in Thrissur, Kerala is a home-grown jewellery chain that has 253 showrooms spread across India and the Middle East.

Kalyan Jewellers offers an array of traditional and contemporary jewellery designs in gold, diamonds, precious stones and other precious metals. Through its craftsmanship and variety, the brand showcases Indian India’s heritage, culture and diversity.

In India, the brand has a strong presence across 21 states and union territories and a 120-plus network of showrooms cover all major cities. The 'My Kalyan' hub-and-spoke model outlets act as Customer Service Centers, ensuring Kalyan Jewellers is accessible to households in rural areas.

In Q4 for FY2023-24, Kalyan Jewellers reported 34% increase in consolidated revenue for the quarter and a 31% growth in the entire 2023-24 fiscal driven by better demand despite rise in gold prices.

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