National News
Kalyan Jewellers India Ltd recorded PAT of Rs 219 crore in Q3 FY25
~ The first-of-its-kind store aims to redefine Gold and Silver Shopping with Innovation, Luxury, and Unmatched Convenience ~
Kalyan Jewellers India Limited recorded consolidated revenue of Rs 7287 crore in Q3 FY25 as against Rs 5223 crore in the corresponding period of the previous year, a growth of 40%. Consolidated PAT for Q3 FY25 was Rs 219 crore as against a PAT of Rs 180 crore for the corresponding period in the previous year. Consolidated PAT growth would be 44% adjusting for the loss due to reduction in customs duty (announced during Union Budget in July 2024).
The standalone revenue for the company (India) in Q3 FY25, was Rs 6393 crore, as against Rs 4512 crore in Q3 of the previous financial year, a growth of 42%. The India operations recorded PAT of Rs 218 crore for the quarter compared to a PAT of Rs 168 crore for the corresponding period in the previous year. Adjusting for the customs duty loss the PAT growth would be 54%.
Total revenue from the Middle East operations during Q3 FY25 was Rs 840 crore as against Rs 683 crore in Q3 FY24, a growth of over 23%. The Middle East operations recorded PAT of Rs 15 crore for the quarter compared to a PAT of Rs 14 crore for the corresponding period in the previous year. The PBT grew by 23% over the corresponding quarter of the previous year. However, the PAT growth for Q3FY25 was impacted due to the introduction of new corporate tax in the UAE.
The e-commerce division, Candere, recorded a revenue of Rs 55 crore in Q3 FY25 versus Rs 29 crore in Q3 FY24. The company recorded a loss of Rs 6.9 crore in Q3 FY25 versus a loss of Rs 1.6 Cr during Q3 FY24.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note. We are on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter.”
National News
M K Sons Fine Jewels lists At ~6% Premium On BSE and NSE
The Listing Was Broadly In Line With Grey-Market Expectations, Where The Shares Had Commanded A Premium Of Around ₹10–11, Implying An Estimated Debut Price Near ₹172–173.50.
Shares of M K Sons Fine Jewels made a positive stock-market debut on Wednesday, November 4, 2026, listing at a premium of about 6% over their IPO issue price of Rs 162 per share. The stock opened at Rs 171 on the NSE, a 5.56% premium, and at Rs 171.60 on the BSE, a 5.93% premium.
The listing was broadly in line with grey-market expectations, where the shares had commanded a premium of around Rs 10–11, implying an estimated debut price near ₹172–173.50.
IPO Details
M K Sons Fine Jewels raised RS 275.40 crore through its book-built initial public offering, which was open for subscription from October 28 to October 30, 2026. The issue comprised a fresh issue of 1.36 crore shares worth Rs 220.32 crore and an offer for sale of 34 lakh shares aggregating Rs 55.08 crore.
The price band was set at Rs 153–Rs 162 per share, with a lot size of 91 shares. Investors allotted one lot at the upper price band made an immediate listing gain of roughly Rs 873.60 per lot, based on the BSE debut price.
Should Investors Buy, Sell or Hold?
The premium debut reflects healthy investor confidence, but the modest 6% gain suggests measured enthusiasm rather than a euphoric listing. For investors assessing their next move, the decision should depend on investment horizon, portfolio allocation and conviction in the company’s fundamentals—not solely on listing-day gains.
- Allotted investors: Those seeking quick listing gains may consider booking partial profits, while long-term investors could hold if they believe in the company’s growth prospects, valuation and jewellery-sector outlook.
- Prospective buyers: New investors may wait for the stock to stabilise after listing-day volatility and review quarterly earnings, demand trends, margins and valuation before adding exposure.
- Existing holders: A hold strategy may suit investors with a longer-term view, provided the company continues to deliver on growth and profitability expectations.
Market participants should note that early trading can be volatile, and listing premiums do not necessarily indicate sustained share-price performance. Investors should consult a SEBI-registered investment adviser before making buy, sell or hold decisions.
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