Share of Kalyan Jewellers India Limited is currently trading at around Rs.707/-. Existing as well as prospective investors are asking for Kalyan Jewellers Share Price Targets from 2024 to 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Kalyan Jewellers Share Price Targets from 2024 to 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Kalyan Jewellers India Limited. People are coming to the stock market experts and asking several questions about the Kalyan Jewellers. Some of the questions frequently asked by the Investors are being given below along with their answers:
- What is the target price of Kalyan Jewellers share in 2030?
- Is Kalyan Jewellers a good buy?
- What is the share price of Kalyan Jewellers in 2024?
- What is the future of Kalyan Jewellers?
Our Analysis:
Kalyan Jewellers Ltd, one of India’s largest and most recognized jewellery brands, has been experiencing robust growth in recent years. The company’s performance has been driven by several factors, including increased consumer demand for gold and other precious metals, effective expansion strategies, and a strong brand presence across India and the Middle East.
For the financial year 2023, Kalyan Jewellers reported a significant uptick in revenue, fueled by festive demand and higher gold prices. The company’s revenues grew by 29% year-on-year in Q4 FY23, reaching ₹3,392 crore. Their PAT (Profit After Tax) also surged by 3 times to ₹160 crore compared to ₹53 crore in the same quarter the previous year. The company’s same-store sales growth (SSSG) has been a key driver, particularly in non-south Indian markets, where the brand is rapidly gaining traction.
Additionally, Kalyan Jewellers has focused on enhancing operational efficiencies, which has contributed to margin expansion. The company’s digital platform, “Candere,” continues to grow, catering to evolving consumer preferences for online shopping in the jewellery sector. With over 180 showrooms in India and the Middle East, the company is strategically positioned to capitalize on regional demand trends.
Future Business Prospects:
The future prospects for Kalyan Jewellers look promising due to several factors. The Indian jewellery market is expected to grow at a robust pace, driven by rising disposable incomes, urbanization, and growing middle-class aspirations. Kalyan Jewellers’ strong brand recall and extensive retail network provide a competitive edge in this growing market.
The company plans to expand its presence in both Tier-II and Tier-III cities, catering to India’s increasingly aspirational consumer base. Moreover, the company has announced plans to further expand its operations in the Middle East, tapping into the high-potential Gulf Cooperation Council (GCC) market. Digital transformation, including leveraging e-commerce channels and offering personalized experiences, is also likely to play a critical role in its future growth strategy.
In conclusion, Kalyan Jewellers Ltd is poised for steady growth, driven by strong financial performance, market expansion strategies, and an evolving consumer landscape that favors organized jewellery retailers.
Share Price Targets:
Kalyan Jewellers Share Price Target 2024
Based on the above discussion and analysis, the share price of Kalyan Jewellers is likely to touch the level of around 750-775 in 2024
Kalyan Jewellers Share Price Target 2025
Based on the above discussion and analysis, the share price of Kalyan Jewellers is likely to touch the level of around 850-875 in 2025
Kalyan Jewellers Price Target 2030
Based on the above discussion and analysis, the share price of Kalyan Jewellers is likely to touch the level of around 1350-1450 in 2030
Kalyan Jewellers Price Target 2035
Based on the above discussion and analysis, the share price of Kalyan Jewellers is likely to touch the level of around 2250-2400 in 2035
Kalyan Jewellers Price Target 2040
Based on the above discussion and analysis, the share price of Kalyan Jewellers is likely to touch the level of around 3750-4000 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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