BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
We met with the management of Kalyan Jewellers India Ltd. to understand about the current business environment and outlook ahead.
The management indicated that the business momentum remains resilient while underlined demand has been very strong in April/May driven by festive season (Akshay Tritiya) and delayed weddings.
Company plans to open its first pilot franchise store under FOCO model in Maharashtra shortly and intends to open five more in next few months.
Its Middle‐East operation too witnessed demand uptick and company plans to open two new stores soon.
Management expects revenues to grow strong double digit aided by store addition, while gross margins to improve, influenced by rising share of studded jewelry in the non‐ south markets.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.