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Kalyan Jewellers’ Q1 revenue jumps 46%; ICICI Securities lifts target to ₹680
Kalyan Jewellers reported strong Q1 FY27 growth, with revenue up 45.7% and PAT up 32% year-on-year. ICICI Securities retained its Buy rating and raised its target to Rs 680, citing demand, same-store sales, improving returns and debt reduction.
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Reported figures
From the report. Source details below
| Q1 FY27 consolidated revenue: | Rs 10,589 crore, up 45.7% YoY |
|---|---|
| EBITDA: | Rs 632 crore, up 24.5% YoY |
| Profit after tax: | Rs 349 crore, up 32% YoY |
| ICICI Securities target price: | Rs 680, raised from Rs 670 |
| Implied upside: | about 15% |
The source
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