Monday, March 6, 2023

Kalyan Jewellers - BUY


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The company recorded revenue of Rs 3,884 cr for Q3FY23 as against Rs 3,435 cr previous year, a growth of 13%.

EBITDA was recorded at Rs 327 cr compared to Rs 299 crore PY

PAT was at Rs 148 cr as against 135 cr LY

Over the past 4 quarters, the Company has achieved revenue in excess of Rs 13,500 crore and a PAT of 434 crore.


Returns


One year - up by 74%

6 months - up by 57%

1 month down by 9%


The company has been consistently growing up and is technically bullish. Investors can buy around 105 levels for a TP of 150 in next 1 year.


Company plans to open 52 showrooms during the calendar year 2023 which is a big positive.

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