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Kalyan Jewellers pilots ATM format in Tamil Nadu under regional-brand strategy

Kalyan Jewellers launched Akshaya Thanga Maligai as a controlled Tamil Nadu pilot under its House of Regional Brands strategy. ICICI Securities retained Buy, citing potential to convert regional jewellery consumers into Kalyan customers and create a replicable format for other markets.

Newer report , , ET BrandEquity : Kalyan launches Tamil Nadu regional brand, eyes four-state rollout

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Reported figures

From the report. Source details below

ICICI Securities target price cited at Rs 720
Reiterated DCF-based target price: Rs 680
FY26-28E revenue growth forecast: 19%
FY26-28E EBITDA growth forecast: 16%
FY26-28E profit growth forecast: 26%

Also in the report

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The source

Source Read the source at Business Today

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