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Jefferies initiates Kalyan Jewellers at Buy, sets ₹830 target on franchise-led growth

Jefferies initiated Kalyan Jewellers with a Buy and Rs 830 target, citing India jewellery-market formalisation, franchise-led expansion and share gains. It expects 21% FY26-FY29 earnings CAGR after Kalyan reported 45.7% June-quarter revenue growth and 32% profit growth.

Newer report , , NDTV Profit : Kalyan Jewellers slides 10.4% in four sessions despite 47% Q1 revenue growth

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07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

  • 57%
  • 39%
  • more than 500 showrooms
  • 120 basis points

The source

Source Read the source at NDTV Profit Published

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