Should I buy Kalyan Jewellers stock in 2025?

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At HelloSafe, our expert has been tracking the performance of Kalyan Jewellers for over three years. Every month, lakhs of users in India trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Kalyan Jewellers.

What is Kalyan Jewellers?

Kalyan Jewellers Stock Price

The price of Kalyan Jewellers stock is rising this week. The current share price stands at ₹585.65, showing an increase of 0.48% over the last 24 hours and a strong 7.51% gain for the week. Market capitalization is approximately ₹60,432 crores, with an average three-month volume of 2.46 million shares. The P/E ratio is at 84.7, dividend yield sits at 0.26%, and the stock’s beta is 1.30. This uptick, together with robust trading volumes, signals both solid investor interest and a relatively high level of volatility to consider.

Our full analysis of the Kalyan Jewellers stock

Following a thorough review of Kalyan Jewellers’s latest financial results, combined with our analysis of the stock’s three-year performance, we leveraged a suite of proprietary algorithms to synthesize data from financial indicators, technical signals, market sentiment, and peer benchmarking. This rigorous process delivers a nuanced picture of one of India’s most dynamic jewellery players and provides unique insights into potential market opportunities. So, why might Kalyan Jewellers stock once again become a strategic entry point into the fast-evolving Indian luxury and organized retail sector in 2025?

Recent performance and market context

Kalyan Jewellers has delivered a standout performance over the past year, with the stock up 19.39% year-on-year and registering an impressive 20.22% gain in the last six months. Riding on robust momentum, the current share price stands at ₹585.65, a significant appreciation from its recent 52-week low of ₹399.40. Over the last week alone, the stock rallied by 7.51%, underscoring the surge in investor optimism since the company’s latest earnings call and expansion announcements.

Positive catalysts abound: Kalyan Jewellers reported a consolidated Q4 FY25 revenue of ₹6,182 crore (+37% YoY) and a net profit of ₹188 crore (+36% YoY), outpacing consensus and supporting a bullish sentiment on Dalal Street. The recent upgrade of its credit facility to IND AA- by India Ratings further solidifies its credibility. Meanwhile, the Indian jewellery sector continues to benefit from strong macro tailwinds: stable consumption, formalisation of the gold market, and an aspirational shift among urban and semi-urban consumers towards branded jewellery—an environment where Kalyan Jewellers is exceptionally well positioned.

Technical analysis

From a technical standpoint, Kalyan Jewellers is exhibiting signs of a developing bullish trend. The stock is currently trading just below its major resistance at ₹588.77 and remains comfortably above its key support at ₹575.47, suggesting strong demand at lower levels. Short- and medium-term moving averages (20- and 50-day at ₹540.59 and ₹541.97 respectively) are acting as dynamic support, indicating ongoing accumulation.

Momentum indicators such as a neutral-to-bullish RSI signal additional headroom for upticks, while MACD crossovers are converging positively. The 200-day moving average, now at ₹594.85, is in close proximity, and a decisive move above it could trigger another wave of buying, pushing the stock towards its 52-week high of ₹795.40. The technical set-up points to a constructive structure, with the potential for further breakouts if current sentiment persists.

Fundamental analysis

Kalyan Jewellers’s fundamentals reinforce the case for renewed investor interest. Over FY25, the company posted remarkable revenue growth (+35% YoY to ₹25,045 crore) and a record net profit of ₹714 crore (+20% YoY), reflecting robust execution and resilience through economic cycles. Notably, Kalyan Jewellers is among the fastest-growing jewellery brands in India, with a 3-year CAGR of 32% for sales and an outstanding 47% CAGR in net profit, surpassing most sector peers.

While the current P/E of 84.7 appears elevated, it is partially justified by above-sector earnings growth and a clear premium attached to the company's unrivaled brand, nationwide reach, and ongoing network expansion. The consistently high promoter holding (62.85%) signals management’s alignment with long-term shareholder value, while the presence of both domestic and foreign institutional investors points to growing confidence in Kalyan’s trajectory. The company’s annual dividend, though modest (0.26% yield), marks a return of value to shareholders and signals management’s confidence in cash generation.

Volume and liquidity

One of the most compelling features of Kalyan Jewellers’s trading profile is the robust liquidity and trading depth it offers investors. With a recent three-month average daily volume of 2.46 million shares and inclusion in major indices (BSE 500, Nifty 500, Nifty Midcap 100), the stock enjoys both high visibility and institutional participation—an important consideration in a volatile, momentum-driven market.

The relatively limited public float, with over 60% held by promoters, may occasionally amplify price swings, but it also creates a favourable setup for dynamic price reratings during positive market cycles. The active turnover and consistent interest from both long-term investors and short-term traders underpin a reliable, supportive market environment.

Catalysts and positive outlook

Looking ahead, several strong catalysts continue to support the bullish narrative for Kalyan Jewellers:

• Aggressive network expansion: Ongoing investment in store launches and regional penetration, especially in high-growth Tier II/III cities.
• Digital transformation: Enhancement of e-commerce initiatives and omni-channel presence, unlocking new revenue streams and improving operational efficiencies.
• Brand repositioning: Sustained consumer focus on trusted, branded jewellery and successful marketing campaigns catering to diverse demographics.
• Sectoral tailwinds: Structural migration from unorganised to organised jewellery retail in India, accelerated by regulatory reforms and urbanisation trends.
• ESG initiatives: Proactive focus on responsible sourcing, ethical gold procurement, and community outreach, crucial as global investors incorporate sustainability factors into their allocations.

Financial analysts’ earnings upgrade cycles and strengthened credit ratings combine to improve the company’s market profile. With consensus projecting annual revenue growth of over 20% and earnings expansion nearing 30%, upside risk remains prominent.

Investment strategies

Kalyan Jewellers’ technical and fundamental context presents several compelling entry options for investors with varied time horizons:

• Short-term: Technical bullishness and momentum above key support (₹575.47) make for an attractive entry for swing traders, especially as the stock approaches resistance levels where a breakout could initiate fresh rallies.
• Medium-term: The alignment of robust earnings growth, increased institutional buying, and recurring positive corporate developments suggests the potential for price appreciation as the company executes on growth initiatives.
• Long-term: Investors seeking structural exposure to India's organised retail and luxury story may find Kalyan Jewellers particularly appealing, given its entrenched competitive advantages, proven management pedigree, and multi-year growth runway.

Strategically, positions taken during short-term consolidations or in anticipation of quarterly results and major product launches may maximise upside capture while limiting drawdowns.

Is it the right time to buy Kalyan Jewellers?

Assessing the present backdrop, Kalyan Jewellers showcases a rare convergence of robust financial growth, constructive technicals, rising trading activity, and a wealth of positive structural catalysts. The consistent execution, sector leadership, and brand strength not only underpin the current valuation but also suggest further upside as the company capitalises on India’s evolving consumer landscape. While valuation multiples remain above the sector median, they reflect high earnings momentum and premium brand positioning, both of which tend to attract quality-focused investors.

Given the convergence of technical support, improving sentiment, powerful market positioning, and a strong runway for growth, Kalyan Jewellers seems to represent an excellent opportunity for investors seeking exposure to India’s consumption and luxury retail sectors. The stock’s strategic positioning ahead of expected growth catalysts—such as upcoming quarterly results, ongoing network expansion, and continued sectoral formalisation—could further enhance its re-rating potential in the coming quarters.

In our view, Kalyan Jewellers stands out in the current market as a stock whose fundamentals justify renewed interest. Its ability to deliver consistent performance and capture increased market share puts it in an enviable position as a preferred candidate for portfolio inclusion. The coming months will be pivotal, and for investors attuned to both long-term trends and short-term momentum, Kalyan Jewellers may be entering a new bullish phase that is hard to ignore.

With these foundations, Kalyan Jewellers offers a strong opportunity for those seeking both growth and resilience in India’s evolving retail sector. The current levels, along with impending triggers, suggest that this stock deserves serious consideration from investors looking for well-anchored upside potential.

How to buy Kalyan Jewellers stock in India?

Investing in Kalyan Jewellers stock online is now simple, secure, and accessible—especially via regulated Indian brokers. You can either buy the stock directly for long-term investment (spot buying) or trade its price movements through CFDs (Contracts for Difference) for more flexible and leveraged opportunities. Each approach comes with its own cost structure, risk profile, and advantages. Below, you’ll discover a clear comparison of the two main methods and a broker comparison further down the page to help you choose the best platform for your needs.

Spot buying

When you buy Kalyan Jewellers stock “in cash,” you become a direct shareholder, owning real shares in your demat account. This classic approach is ideal for long-term investors who want to benefit from share price appreciation and potential dividends. Indian brokers usually charge a flat commission per order, often between ₹10–₹25.

Example: Gain Scenario

Example: If the Kalyan Jewellers share price is ₹585.65, a ₹1,000 investment lets you buy about 1 share (₹585.65 × 1 = ₹585.65) and cover a typical ₹20 brokerage fee. You could allocate the remaining amount for partial shares or wait for a price dip to accumulate more.

✔️ Gain scenario: If the share price rises by 10%, your shares are worth ₹1,100.

Result: +₹100 gross gain, which is +10% on your investment.

Trading via CFD

CFDs (Contracts for Difference) let you speculate on the price of Kalyan Jewellers shares without actually owning them. This flexible method is ideal for short-term trades and for using leverage, but it comes with higher risk and extra fees—mainly the spread (difference between buy/sell prices) and overnight financing costs if you hold positions for several days.

Example of a leveraged CFD position

Example: You open a CFD position on Kalyan Jewellers shares, with 5x leverage and a ₹1,000 capital outlay. Your exposure is now ₹5,000. ✔️ Gain scenario: If the stock jumps by 8%, your position earns 8% × 5 = 40%. Result: +₹400 gain, on your original ₹1,000 bet (excluding fees).

Final advice

Before investing, always compare brokers’ fees, platforms, and service quality—including commission rates, spreads, and account charges. The right method depends on whether you want to invest long-term with real shares or trade short-term with flexible leverage. Explore our detailed broker comparison further down the page to make an informed, confident choice for your investment in Kalyan Jewellers.

Our 7 tips for buying Kalyan Jewellers stock

The latest news about Kalyan Jewellers

Kalyan Jewellers stock records a strong weekly gain of 7.5% fueled by robust trading volumes. Over the past week, the share price advanced to ₹585.65, supported by an average daily trading volume of 2.46 million shares, indicating heightened market participation and sustained investor confidence in the stock, particularly as it hovers above key technical support at ₹575.47.

India Ratings upgrades Kalyan Jewellers’ bank facilities from IND A+ to IND AA- in June 2025. This rating enhancement reflects improved creditworthiness and financial stability, strengthening the firm’s profile in the eyes of lenders and institutional investors. It also underscores Kalyan Jewellers’ prudent capital management and operational efficiency in the Indian jewellery retail sector.

Kalyan Jewellers posts strong Q4 and annual FY25 results, aligned with analyst expectations and consensus. Q4 FY25 consolidated revenues rose by 37% year-on-year to ₹6,182 crore, while net profits climbed 36% to ₹188 crore, matching consensus estimates. The annual figures are equally positive, with revenues of ₹25,045 crore and net profits of ₹714 crore, both representing double-digit growth, reinforcing the company’s solid fundamental momentum.

The final dividend of ₹1.50 per share for FY25 is proposed by the board. This dividend proposal increases the total payout to shareholders for the fiscal year, reflecting management’s confidence in sustainable cash generation. While the dividend yield remains modest at 0.26%, it continues to offer tangible returns alongside strong capital appreciation, especially for Indian investors seeking a blend of growth and income.

Continuous store expansion drives optimism, positioning Kalyan Jewellers among the top five organised jewellery retailers in India. The company’s ongoing rollout of new stores across India and a growing market share—close to 6% of the organised space—demonstrate management’s execution capabilities. Recent analyst projections expect annual revenue growth of 20.9% and earnings growth of 28.5%, supported by digital initiatives and the surging demand for branded jewellery products in India.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.