Add Kalyan Jewellers India, target price Rs 360: ICICI Securities

ICICI Securities has add call on Kalyan Jewellers India with a target price of Rs 360. The current market price of Kalyan Jewellers India Ltd. is Rs 313.9.

Kalyan Jewellers India Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 32209.76 Crore) operating in Gems and Jewellery sector.

Kalyan Jewellers India Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4427.67 Crore, up .92 % from last quarter Total Income of Rs 4387.39 Crore and up 27.18 % from last year same quarter Total Income of Rs 3481.41 Crore. Company reported net profit after tax of Rs 134.87 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.55 per cent stake in the company as of 30-Sep-2023, while FIIs owned 26.56 per cent, DIIs 4.86 per cent.