Kalyan Jewellers India Ltd (BOM:543278)

Q3 2025 Kalyan Jewellers India Ltd Earnings Call Transcript

Jan 30, 2025 / 01:00 PM GMT

Release Date Price: ₹440.3 (-2.02%)

Transcript

Key Points

Positve

Kalyan Jewellers India Ltd (BOM:543278) reported a consolidated revenue growth of approximately 40% for Q3, with a 42% growth in India.
The company experienced a strong festive and wedding demand, contributing to a 24% same-store sales growth (SSG) in Q3.
Profit before tax (PBT) growth was around 53% on a standalone basis, adjusting for the loss due to the reduction of import duty.
The company plans to launch 170 new showrooms across Kalyan and Candia formats in FY 2026, indicating strong expansion plans.
Kalyan Jewellers India Ltd (BOM:543278) opened its first showroom in the US, marking its entry into a new international market.

Negative

The introduction of a corporate tax in the UAE impacted the profit growth for the Middle East business in Q3.
Volatility in gold prices has created some turbulence, although demand remains strong.
The competitive intensity in local markets has increased, requiring higher advertising spend.
The company faces challenges in maintaining margins due to the need to remain competitive with local and regional players.
There is uncertainty regarding potential increases in gold lease costs due to possible tariff changes in the US.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KALN.NS - Kalyan Jewellers India Ltd
Q3 2025 Kalyan Jewellers India Ltd Earnings Call
Jan 30, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Kalyan trailers, India Limited Q3 FY24 earnings conference call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. If you need assistance during the conference call, please signal and operate our install, then zero on your touch on phone. Please note that this conference is being recorded. I now hand the conference over to Mr Rahul Gerwal from strategic growth advisors. Thank you and over to you, sir.

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Unidentified_2 [2]
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