Whalesbook
Dekho bhaiyon aur behno, Kalyan Jewellers ne toh kamaal hi kar diya! Q4 FY26 mein unka consolidated revenue 64% se badh kar ₹438.10 crore pahunch gaya. Full FY26 ke liye bhi revenue 42% upar raha. Kya performance hai yaar!
Domestic Market Ka Dhamaka!
Is record growth ka sabse bada reason hai India mein badhti hui demand. Domestic operations mein revenue 65% se zyada bhaga hai! Aur same-store sales growth toh 45% se bhi upar gaya hai. Matlab log khule dil se khareedari kar rahe hain.
International Aur Digital Ka Bhi Kamaal!
Chalo India toh theek hai, par international business ne bhi 45% ka revenue growth dikhaya hai, jo total revenue ka lagbhag 11% hai. Aur haan, Candere, jo ki unka digital arm hai, uske revenue mein toh 360% se bhi zyada ka uphaan aaya hai! Matlab sab taraf se aag laga di hai company ne.
Valuation Ka Jugaad: Kya Market Thoda Confused Hai?
Abhi valuation ki baat karein toh Kalyan Jewellers ka P/E ratio lagbhag 37x chal raha hai. Yeh industry leader Titan ke 79x P/E se toh kaafi kam hai, par PC Jeweller jaise competitors jinka P/E sirf 11x hai, unse kaafi zyada hai. Indian Jewellery market ka size USD 69.79 billion se USD 91.95 billion hone wala hai, toh growth toh hai, par valuation ka graph thoda seedha nahi hai.
Thoda Caution Bhi Zaruri Hai!
Par itni achhi khabron ke beech ek baat dhyan rakhna zaruri hai. Pichhle 1 saal mein stock 14.8% neeche bhi gaya tha. Aur yeh 37x P/E sambhalna mushkil ho sakta hai agar growth rate yahi rahi toh. International business abhi revenue ka 11% hi hai, aur Candere ki long-term profitability par bhi sawal hain.
Analysts Toh Khush Hain!
Lekin analysts ko ismein future dikh raha hai. 9 analysts ne is stock ko 'Strong Buy' kaha hai aur average price target ₹643 diya hai. Matlab abhi bhi 55% tak ka upside mil sakta hai. Company bhi naye fiscal year ki shuruaat achhi hone ki ummeed kar rahi hai. Dekhte hain aage kya hota hai!