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LONG On Kalyan JewellersHere are all the insights of the recent report published by the company ### **Kalyan Jewellers Financial Analysis and Investment Recommendation** #### **Overall Financial Performance:** 1. **Revenue Growth:** - **Q3 2024 Revenue:** ₹72,888 million, up from ₹60,654 million in Q2 2024 and ₹52,230 million in Q3 2023. - **9-Month Revenue:** ₹188,878 million, significantly higher than ₹140,133 million in 2023. - Strong revenue growth is driven by festive demand and new store openings. 2. **Profitability:** - **Q3 2024 Net Profit:** ₹2,186 million, up from ₹1,803 million in Q3 2023. - **9-Month Net Profit:** ₹5,265 million, up from ₹4,587 million in 2023. - Margins are stable, and profitability is improving with strong consumer demand. 3. **Expenses & Costs:** - **Cost of materials consumed:** ₹63,528 million in Q3 2024 (major contributor to total expenses). - **Advertisement & Promotion Costs:** ₹1,106 million in Q3 2024, showing continued brand investment. - **Finance Costs:** ₹876 million in Q3 2024, stable compared to previous quarters. 4. **Debt & Liquidity:** - No major debt concerns; company remains well-capitalized. - Disposal of non-core assets (aircraft sale) improved cash flow. --- ### **Investment Recommendation:** ✅ **Reasons to Invest:** - Strong **revenue and profit growth**. - **Expanding market share** with new store openings. - Strong **brand recognition and festive demand** driving sales. - No major debt concerns, **solid financial position**. ❌ **Risks & Concerns:** - **Gold price volatility** affecting margins. - **High marketing expenses** impacting net margins. - Competitive industry with **changing consumer preferences**. **Final Verdict:** 📌 **Kalyan Jewellers is a strong long-term investment with solid revenue growth, expanding market presence, and brand strength. However, short-term fluctuations due to gold prices and marketing expenses should be considered.** --- - 📈 **Revenue is consistently growing**, reflecting strong sales momentum. - 📉 **Net Profit increased significantly** in Q3 2024, indicating improved profitability. - 🔺 **Expenses have also risen**, mainly due to material costs and marketing spend. This confirms that **Kalyan Jewellers is on a strong growth trajectory**, making it a solid **long-term investment**. 💎📊
NSE:KALYANKJILLong
by Aayushjain_
KALYAN JEWELLERS - SELLING PRESSURE TO CONTINUE AFTER PULLBACKSymbol - KALYANJIL Kalyan Jewellers has experienced a significant sell-off in recent months, with the stock falling by more than 40%. Historically, such large sell-offs tend to indicate that recovery in the short term can be difficult, as sentiment turns heavily negative and market participants may remain cautious. This suggests that the bearish pressure may persist for a while, and a quick recovery seems unlikely without a significant shift in market sentiment. We are seeing some pullback and relief rally due to good quarterly results, which has provided a temporary boost to the stock. However, despite this short-term bounce, the overall trend remains bearish, and it is expected to continue until the stock can break above key resistance levels. The trend for Kalyan Jewellers is currently bearish, and this is likely to continue until the stock price manages to break above the key resistance level of 560. Until this level is taken out on the upside, the stock remains vulnerable to further downside pressure. The market is showing signs of weakness, and this trend may not reverse easily in the near term. In terms of price targets, we could see the stock testing the 520-540 area, which could act as a short-term resistance or consolidation zone. However, it is likely that any bounce from CMP will be temporary, and the stock may fall back after testing this range. The outlook remains cautious, and the stock could potentially test lower levels. Resistance levels: 545, 560 Support levels: 440, 400 Technically, the bearish trend is expected to persist unless the stock manages to break and sustain above the 560 resistance level. Any retest of the 520-540 support zone should be carefully monitored, as failure to hold this level could suggest further downside risks, with the potential for the stock to continue its decline toward the 440 area & below. Entry (on retest of resistance), SL & Target levels are indicated on the chart.
NSE:KALYANKJILShort
by akshit_official