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Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips
Equities, Market News, Result Updates - July 9, 2025

Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips

Kalyan Jewellers’ Q1 Revenue Shines, but Share Price Dips

Strong Revenue Growth Fails to Lift Sentiment as Gold Price Volatility and Market Caution Weigh on Kalyan Jewellers’ Stock

Introduction
Kalyan Jewellers, one of India’s leading jewellery retailers, delivered an impressive financial performance in the first quarter of FY26. The company’s consolidated revenue surged by 31% year-on-year, reflecting strong consumer demand and continued expansion across India and international markets. However, this positive momentum in business was not mirrored by the stock market, as the share price fell by 2.5% following the Q1 business update. This article explores the key drivers behind the company’s growth, the reasons for the market’s cautious reaction, and what lies ahead for Kalyan Jewellers.

Revenue Growth Defies Market Headwinds
Impressive Top-Line Performance
Kalyan Jewellers reported a consolidated net revenue of ₹5,557.63 crore for Q1 FY26, up 31% from the same period last year. This growth was achieved despite facing intermittent demand disruptions caused by gold price fluctuations and persistent geopolitical tensions, both of which have been influencing consumer sentiment in the jewellery sector.
India and International Operations
• India: The domestic market remained a key growth engine, with revenues rising 31% year-on-year. Festive occasions such as Akshaya Tritiya and the ongoing wedding season played a pivotal role in boosting sales.
• International: Overseas operations mirrored the domestic trend, also posting 31% revenue growth. Notably, the Middle East market saw a 26% increase, primarily driven by strong same-store sales.
Digital Platform Acceleration
Kalyan’s digital-first brand, Candere, stood out with a remarkable 67% revenue growth in Q1 FY26. The success was attributed to a new brand campaign launched in May 2025, which significantly increased both physical showroom footfalls and online engagement.

Aggressive Expansion Strategy
Showroom Network Growth
During the quarter, Kalyan Jewellers expanded its footprint by opening 10 new showrooms under its flagship brand and eight Candere showrooms in India, along with one new outlet in the United States. As of June 30, 2025, the company operated 406 showrooms across its various brands.
Ambitious Plans for FY26
Looking ahead, Kalyan Jewellers has outlined plans to launch 170 new showrooms under both the Kalyan and Candere formats in India and abroad during the current fiscal year. This includes a focus on expanding in non-south Indian markets and strengthening its international presence.

Share Price Reaction: Market Caution Prevails
Stock Movement Post-Q1 Update
Despite the stellar revenue growth, Kalyan Jewellers’ share price fell by 2.5% immediately after the Q1 business update, with the stock hitting an intraday low of ₹563.05 on the BSE. The decline extended to nearly 4% at one point as investors appeared to book profits and react to broader market volatility.
Factors Behind the Decline
• Gold Price Volatility: Persistent fluctuations in gold prices have created uncertainty for both consumers and investors, impacting demand patterns and sentiment.
• Geopolitical Uncertainties: Ongoing global tensions have added another layer of unpredictability to the luxury retail sector.
• Profit Booking: After a period of strong performance, some investors may have chosen to lock in gains, leading to short-term selling pressure.
Digital and Brand Investments Paying Off
Candere’s robust performance highlights the growing importance of digital channels in the jewellery business. The brand’s 67% revenue jump, following a targeted campaign, signals that Kalyan Jewellers’ investments in omnichannel retail and digital marketing are resonating with younger, tech-savvy consumers.

Conclusion
Kalyan Jewellers’ Q1 FY26 results underscore the company’s resilience and adaptability in a challenging market environment. While the 31% revenue growth across both domestic and international operations demonstrates strong underlying demand, the recent share price dip reflects broader market caution and the impact of external uncertainties. As the company continues its aggressive expansion and digital transformation, its ability to navigate volatility and sustain growth will be closely watched by both investors and industry peers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Z47 Launches $400M Fund for India’s Tech Boom

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Titan Company Rides High on Gold: Quarterly Revenue Soars Amid Price Surge
business update, Commodities, Market News - July 8, 2025

Titan Company Rides High on Gold: Quarterly Revenue Soars Amid Price Surge

Titan Company Rides High on Gold: Quarterly Revenue Soars Amid Price Surge

Jewellery giant Titan posts double-digit revenue growth as higher gold prices and expanding retail footprint drive performance, but market reacts to shifting consumer sentiment.

Introduction
Titan Company Limited, a household name in India’s luxury and lifestyle sector, has once again demonstrated its market resilience. The company’s latest quarterly results reveal a significant uptick in revenue, driven largely by the surge in gold prices and the steady expansion of its retail presence. However, the results also reflect the complex dynamics of consumer demand in a volatile gold market, with growth in the core jewellery segment showing signs of moderation.

Quarterly Performance Snapshot
• Standalone net sales: ₹12,581 crore, up 19.72% year-on-year
• Consolidated net sales: ₹14,916 crore, up 19.39% year-on-year
• PAT: ₹870 Cr, an 11% increase
• Total income from operations: ₹13,477 crore
• Basic EPS: ₹9.81, compared to ₹8.87 in the same quarter last year1
The company’s operating profit and margins improved, reflecting the benefits of higher gold prices and efficient cost management.

Jewellery Segment: Growth Amid Headwinds
In the first quarter of FY26, Titan’s jewellery business—its main revenue source—registered 18% annual growth. While impressive, this figure marks a slowdown from the 25% growth rates seen in previous periods. Analysts attribute this moderation to the sharp rise and volatility in gold prices, which has led some customers to defer purchases or opt for lighter pieces.
Even amid these difficulties, the jewellery division expanded its presence by increasing store count and upgrading its collection. The company’s flagship brand, Tanishq, remains a preferred choice for consumers seeking quality and trust in their gold purchases.

Retail Expansion and Diversification
Titan’s strategy of broadening its retail presence paid dividends during the quarter. With the addition of 10 new stores, the company’s retail footprint now spans 3,322 locations across India and select global markets. Notably, Titan opened new Tanishq and Titan Eye+ stores in Dubai and Sharjah, strengthening its global footprint.
Beyond jewellery, Titan’s watches and wearables segment also contributed to growth, supported by innovative launches and effective marketing. The company’s foray into eyewear and accessories continues to diversify its revenue streams.

Gold Prices: Boon and Challenge
Titan has been impacted in both positive and negative ways by the increase in gold prices. On one hand, higher prices have boosted the average ticket size of jewellery purchases, lifting overall revenue. On the other, price volatility has made some consumers cautious, leading to softer volume growth and a more measured approach to buying.
Management acknowledged these dynamics in its quarterly update, noting that while gold price appreciation supports topline growth, it also introduces uncertainty into consumer behavior and inventory planning.

Market Reaction and Investor Sentiment
Despite the strong headline numbers, Titan’s stock experienced notable volatility following the quarterly update. Shares fell over 5% as investors digested the impact of moderating jewellery growth and management’s comments on the challenges posed by volatile gold prices. Some brokerages expressed disappointment at the slower pace of growth in the jewellery segment, though the company’s long-term fundamentals remain robust6.

Looking Ahead: Opportunities and Risks
Titan’s leadership remains optimistic about the future, citing ongoing investments in retail expansion, digital initiatives, and product innovation. The company’s ability to adapt to changing consumer preferences and navigate commodity price swings will be crucial in sustaining its growth trajectory.
At the same time, the broader macroeconomic environment, gold price trends, and competitive pressures will continue to shape Titan’s performance in the coming quarters.

Conclusion
Titan Company’s latest quarterly results underscore its strength as a market leader in Indian jewellery and lifestyle retail. While higher gold prices have propelled revenue growth, they have also introduced new complexities in consumer demand and inventory management. Titan’s strategy of expanding its retail network and diversifying its product portfolio positions it well for future growth, but the company—and its investors—will be watching gold price movements and consumer sentiment closely in the months ahead.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Battery Storage Win Powers Acme Solar’s Stock Surge

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Aditya Birla Lifestyle Sets Ambitious Goal to Double Revenues by FY30
business update, Life Style, Market News - June 24, 2025

Aditya Birla Lifestyle Sets Ambitious Goal to Double Revenues by FY30

Aditya Birla Lifestyle Sets Ambitious Goal to Double Revenues by FY30

With ₹300 crore annual investments, the newly-listed brand portfolio eyes billion-dollar status, focusing on retail expansion and profitability growth.

Strong Growth Roadmap for Aditya Birla Lifestyle

Aditya Birla Lifestyle Brands Ltd (ABLBL), freshly carved out from Aditya Birla Fashion and Retail, has laid out an aggressive growth strategy aimed at doubling its revenue over the next five years. To achieve this, the company plans to invest ₹300 crore annually, primarily to strengthen its retail network and internal capabilities.

The move comes as the group positions itself to leverage India’s rising consumption trends, which are expected to drive substantial growth across various sectors, especially fashion and lifestyle.

Aspiring to Build Billion-Dollar Brands

ABLBL envisions establishing India’s pioneering lineup of fashion brands, each poised to achieve billion-dollar valuation milestones in the coming years. The company currently oversees a renowned collection of labels, featuring well-known names such as Peter England, Allen Solly, Van Heusen, and Louis Philippe.

According to the leadership team, two of these brands already generate annual revenues exceeding ₹2,000 crore each, while two others surpass ₹1,000 crore in annual sales. Building on this momentum, the company’s strategic focus over the next five years is to more than double its revenues and achieve a three-fold increase in cash profits.

Focused Investments to Drive Expansion

The company has earmarked ₹300 crore annually as capital expenditure to fuel its next phase of growth. A large portion of this investment will go toward expanding its brick-and-mortar presence across India, while a smaller share will be dedicated to technological advancements and strengthening operational capacities.

Despite the ambitious goals, the management emphasized that growth efforts will remain structured, disciplined, and supported by robust internal cash flows.

Profitability and Future Plans

Showcasing its financial achievements for FY25, Aditya Birla Lifestyle posted ₹7,830 crore in total revenue, securing a 15% operating margin and ₹60 crore in net earnings. Over the next three to five years, the company is projecting a threefold increase in profitability.

Currently, the company is not actively exploring acquisitions, though brands like Reebok and Van Heusen’s innerwear segment are being considered as potential future growth drivers.

Listing Debut and Market Performance

Aditya Birla Lifestyle Brands entered the stock market post-demerger, commencing trading with an opening price of ₹167.75 per share. The stock saw a brief upward movement during intraday trading, reaching ₹176.10 on the BSE, before settling at ₹159.40 by the end of the session. The company’s market capitalization stood at ₹19,451.50 crore post-listing.

The demerger and listing mark a pivotal shift in the company’s growth story, as it now operates independently with a sharper focus on scaling its brand presence and profitability.

Final Thoughts

Aditya Birla Lifestyle’s growth roadmap showcases its commitment to leveraging India’s changing consumption patterns and the growing appetite for premium fashion brands. By committing ₹300 crore annually toward expansion and innovation, and by focusing on its well-established portfolio of popular fashion brands, ABLBL is poised to create India’s first billion-dollar fashion brand collective. With disciplined growth plans, robust profitability targets, and promising market prospects, the company has set an ambitious path forward in the fashion and lifestyle sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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PFC Ltd Share Price Forecast from 2025 to 2030: Long-Term Investment Insights

BluPine Energy Secures ₹2,416 Cr to Build Hybrid Clean Power Project in Karnataka

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Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects
Market News - June 19, 2025

Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Avenue Supermarts, the company behind the well-known DMart retail chain, witnessed a nearly 4% rise in its share price after it announced the opening of several new stores. This development has reignited investor interest and is being recognized as a key driver for the company’s growth in the near future.

Fresh Store Launches Spark Investor Interest

The company’s recent announcement of four new store openings has elevated its total store count to nearly 396 outlets across India. This expansion reinforces Avenue Supermarts’ strategy to aggressively grow its footprint across the country. Investors responded positively to this move, reflecting confidence in the company’s ability to scale operations while maintaining profitability.

Industry watchers point out that expanding physical stores remains a critical element of DMart’s long-term growth approach. By continuing to add new locations in both metropolitan areas and emerging markets, the company is increasing its accessibility and tapping into new customer bases.

The steady rollout of new stores not only enhances DMart’s visibility but also contributes to consistent revenue generation, which is crucial in a competitive retail environment.

Analysts See Expansion as a Positive Trigger

According to market analysts, the recent share price rally is directly linked to the company’s expansion announcement. Analysts believe that DMart’s systematic store additions are a significant growth catalyst and will further cement its leadership position in India’s organized retail sector.

Brokerage firms highlighted that the ongoing physical expansion could strengthen DMart’s revenue growth and help it maintain healthy operating margins. Analysts also noted that the company’s focus on scaling its operations, while ensuring store profitability, demonstrates a solid understanding of sustainable growth practices.

Experts suggest that DMart’s steady expansion is particularly effective because each new outlet contributes quickly to the company’s overall profitability. This carefully planned growth model differentiates DMart from competitors that often prioritize rapid expansion without ensuring financial sustainability.

D-Mart Ready: Growing in the Digital Space

Apart from expanding its physical presence, Avenue Supermarts is steadily developing its ecommerce platform, D-Mart Ready. This platform is gradually becoming more popular, especially in urban centers where consumers are increasingly opting for online grocery shopping.

The company’s strategy of combining its physical stores with an online delivery model helps DMart efficiently manage inventory, offer competitive pricing, and ensure faster order fulfillment. By using its extensive store network as delivery hubs, DMart is able to provide a seamless shopping experience to both in-store and online customers.

This omnichannel approach is seen as a smart response to the growing competition from quick-commerce players and large online retailers that are aggressively expanding their reach.

Financial Strength Supports Expansion Plans

Avenue Supermarts has long been praised for its disciplined financial management. The company’s focus on cost efficiency, minimal store design, and direct procurement from manufacturers allows it to maintain strong margins and offer products at consistently low prices.

Market experts believe that DMart’s measured and financially sound expansion strategy is a major reason behind its sustained growth. Unlike some retailers that expand quickly but face challenges in achieving store profitability, DMart ensures that each store contributes meaningfully to its bottom line.

Brokerages tracking the stock maintain a positive outlook, pointing to DMart’s ability to adapt to changing market dynamics, strengthen its customer base, and maintain a competitive edge in the retail sector.

Facing Intense Retail Competition

Although Avenue Supermarts holds a strong position in the market, it faces growing competition from established players like Reliance Retail and Amazon, as well as emerging quick-commerce platforms that offer speedy deliveries and attractive discounts.

Despite this competitive pressure, DMart’s value pricing and efficient supply chain continue to attract customers. Its ability to offer a wide range of essential products at everyday low prices is a significant advantage that keeps customers coming back.

The company’s commitment to offering cost savings without compromising on quality has helped it retain customer loyalty in a market that is increasingly driven by convenience and fast service.

India’s Retail Sector is Rapidly Changing

India’s retail landscape is undergoing significant transformation, with consumers showing a strong preference for online shopping, quick delivery options, and seamless payment experiences. DMart’s hybrid model of combining offline stores with online services positions it well to meet these evolving consumer expectations.

As digital adoption grows and competition intensifies, DMart’s strategy of focusing on both physical store expansion and digital growth is expected to play a critical role in its long-term success.

Conclusion

Avenue Supermarts’ recent 4% stock surge, driven by new store openings, highlights the market’s confidence in the company’s growth strategy. By steadily expanding its physical presence and enhancing its ecommerce platform, the company is strengthening its position in India’s dynamic retail market.

With a focus on financial discipline, customer value, and omnichannel growth, Avenue Supermarts is well-prepared to face competition and continue its upward trajectory. Investors and industry participants will closely watch the company’s next steps as it pursues further growth in both urban and emerging markets.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Dugar Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal Raises $3 Million to Boost EV, Solar Lending

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Lalithaa Jewellery: ₹1,700 Crore IPO for Expansion!
Market News - June 9, 2025

Lalithaa Jewellery: ₹1,700 Crore IPO for Expansion!

Lalithaa Jewellery: ₹1,700 Crore IPO for Expansion!

 

The Chennai-based gold and diamond jewellery retailer plans to raise ₹1,200 crore via fresh Issue and ₹500 crore through an Offer-for-Sale by promoter Kiran Kumar Jain.

Summary:
Lalithaa Jewellery Mart, one of South India’s most prominent jewellery retail chains, has filed draft papers with SEBI for a ₹1,700 crore Initial Public Offering (IPO). The IPO comprises a fresh issue of shares worth ₹1,200 crore and an Offer-for-Sale (OFS) of ₹500 crore by promoter Kiran Kumar Jain. The company aims to utilize the proceeds to expand its retail footprint, repay existing borrowings, and enhance working capital. The IPO signals a growing trend of regional jewellery brands tapping into public markets to fund national expansion and diversify their customer base.

Lalithaa Jewellery Mart Eyes IPO to Drive Next Phase of Growth
In a move that underscores its ambitions for rapid growth and deeper market penetration, Chennai-headquartered Lalithaa Jewellery Mart Ltd has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for a ₹1,700 crore initial public offering (IPO). The proposed IPO will include a fresh issue of shares amounting to ₹1,200 crores while existing promoter Kiran Kumar Jain will sell shares worth ₹500 crore via the Offer-for-Sale (OFS) route.
The IPO is being managed by a consortium of leading investment banks and merchant bankers, including ICICI Securities, Axis Capital, and SBI Capital Markets, with a listing planned on both the BSE and NSE.

Company Profile: From Regional Powerhouse to National Aspirations
Established in 1985 by Kiran Kumar Jain, Lalithaa Jewellery Mart has grown into one of South India’s most trusted jewellery brands, known for its competitive pricing, purity assurance, and a broad range of gold, diamond, and platinum jewellery. With over 20 large-format showrooms spread across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Pondicherry, the brand enjoys a loyal customer base and strong brand recall, especially in Tier-II and Tier-III cities.
The company’s value-based business model—offering low-making charges, transparent pricing, and BIS-certified gold—has helped it win the trust of millions of middle-class families, who form its core clientele.
Now, with this IPO, the company aims to transition from a dominant regional player to a pan-India brand, leveraging the funds raised to expand operations and invest in new-age retail technologies.

Breakdown of the IPO Components
Fresh Issue – ₹1,200 Crore:
The funds raised from the new Issue will mainly be allocated for:
Expansion of Retail Network: Establishment of new stores across Northern and Western India, particularly in underpenetrated markets where demand for organized jewellery retail is rising.
Working Capital Requirements: Additional liquidity is needed to manage high inventory cycles typical in the jewellery business and to finance gold procurement without excessive reliance on Debt.
Repayment of Debt: Reduction of outstanding borrowings to improve the debt-to-equity ratio and enhance credit ratings.
Branding & Marketing: Investment in digital marketing, influencer-led campaigns, and brand-building activities to strengthen customer outreach across India.
Offer-for-Sale – ₹500 Crore:
The OFS will see promoter Kiran Kumar Jain offloading a portion of his stake. Post-listing, the move will help diversify the shareholding structure and increase the company’s float, aligning with public market governance standards.

Financial Snapshot
As per the DRHP, the company reported robust financial performance in FY24:
Revenue from operations: ₹6,580 crore, up from ₹5,820 crore in FY23.
Net profit: ₹328 crore in FY24 compared to ₹290 crore in FY23.
EBITDA margins: Stable around 7.8%, reflecting efficient inventory management and cost control despite fluctuating gold prices.
ROCE (Return on Capital Employed): 17.5%, indicating efficient capital utilization.
Net Debt: ₹490 crore, expected to reduce significantly post-IPO.
These strong numbers position Lalithaa Jewellery Mart as one of the most profitable regional players in the Indian jewellery retail space.

Jewellery Sector Trends: Timing the Market Well
Lalithaa’s IPO comes at a time when India’s jewellery market—particularly the organized retail segment—is witnessing double-digit growth. Consumers are increasingly shifting from unorganized local jewellers to trusted branded outlets due to quality assurance, transparency, and wider choices.
A recent KPMG report indicates that the Indian gems and jewellery market is projected to expand at a compound annual growth rate (CAGR) of 10–12% over the next five years, potentially reaching ₹12 lakh crore by 2030. Organized players currently account for just 35% of the market, offering huge room for expansion.
Moreover, festive demand, rising disposable incomes, and urbanization are driving first-time purchases among younger consumers, while innovations like lightweight gold jewellery and EMI-based purchases are expanding the addressable market.
Lalithaa’s focus on low-cost, high-volume business positions it well to tap into this transformation.

IPO Outlook: Investor Appetite Likely to Be Strong
Given the recent success of IPOs by jewellery brands like Senco Gold, Kalyan Jewellers, and PC Jeweller in public markets, analysts expect robust investor interest in Lalithaa’s offering. The company’s brand strength, healthy financials, and clear expansion roadmap make it an attractive proposition for both institutional and retail investors.
Furthermore, the dual benefit of a value-driven model and high growth potential aligns with current market sentiment favouring consumer-facing businesses with strong fundamentals.

Conclusion
Lalithaa Jewellery Mart’s proposed ₹1,700 crore IPO marks a crucial milestone in its journey from a trusted regional jeweller to a potential national player. With ambitious expansion plans, a strong brand, and a loyal customer base, the company is well-poised to capture a larger share of India’s burgeoning jewellery market. If successful, the IPO could also pave the way for more regional jewellery brands to tap capital markets for future growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

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Maruti Suzuki, Hyundai: Driving Export Growth in FY26!

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PNG Jewellers Aims for 27–30% Revenue Surge in FY26
Equities - May 19, 2025

PNG Jewellers Aims for 27–30% Revenue Surge in FY26

PNG Jewellers Aims for 27–30% Revenue Surge in FY26

 

Backed by strong retail performance, rapid digital expansion, and an aggressive strategy for opening new stores, PNG Jewellers is aiming for substantial double-digit value growth in the financial year 2026.

Strong Finish to FY25 Sets the Stage

PNG Jewellers closed FY25 with impressive numbers. Consolidated revenue rose by 25.9% for the year, with a 5.1% increase in Q4 alone. The retail segment, which forms over 80% of the company’s business, surged by 50% in the last quarter, while e-commerce sales more than doubled, now contributing nearly 6% of total revenue. Franchise operations also saw robust growth, reflecting successful market penetration and brand strength.
The company’s net profit for Q4 FY25 climbed 13% to ₹62 crore, even as margins narrowed due to rising gold prices and competitive pressures. PNG achieved its highest-ever single-day sales of ₹123.5 crore during Gudi Padwa, a 40% increase over the previous year, underscoring the power of festive demand.

FY26 Growth Targets and Expansion Plans

Chairperson Saurabh Gadgil and CFO Kiran Firodiya have both outlined ambitious plans for FY26. The company is aiming for overall value growth of 27–30%, combining expected jewellery volume growth of 15–16% and value growth of 10–12%. This target is underpinned by:
• Aggressive Store Expansion: PNG plans to open 20–25 new retail outlets in FY26, focusing on high-potential markets like Uttar Pradesh and further strengthening its presence in Maharashtra and Goa. The brand presently runs 53 outlets, encompassing a mix of company-owned and franchised locations.
• Digital and E-commerce Push: E-commerce sales grew by over 240% in Q4 FY25, and this channel is expected to be a significant growth driver going forward.
• Franchise Network Scaling: Franchise operations contributed nearly 12% of total revenue, with a 37% year-on-year increase, indicating successful brand replication in new geographies.

Market Drivers: Weddings, Festive Demand, and Consumer Shifts

The wedding season and festivals like Akshaya Tritiya are expected to provide a strong start to FY26, with consumer sentiment remaining upbeat despite elevated gold prices. PNG’s leadership notes that the India consumption story is robust, and the trend of customers moving from unorganized to organized retail continues to accelerate. This shift is reflected in higher footfalls, a strong conversion rate (over 92%), and consistent same-store sales growth above 26%.

Navigating Market Challenges

While gold prices remain volatile due to geopolitical uncertainty and policy changes, PNG Jewellers is confident about its growth trajectory. The company is leveraging platforms like IIBX for gold imports and adapting its product mix to favor lightweight, high-margin jewellery. Recent government moves, such as custom duty adjustments, have also influenced pricing and sourcing strategies.
Despite a drop in average ticket size (from ₹85,000 to ₹77,000), the overall number of customers has risen sharply, compensating for this decline and contributing to revenue growth. The company’s emphasis on high-end, studded jewellery is yielding positive results, as the studded jewellery ratio climbed to 7.4% in Q4 FY25.

Outlook: Confidence in Sustained Growth

Looking forward, PNG Jewellers remains confident in sustaining its upward growth trajectory.
The combination of new store launches, digital innovation, and a loyal customer base positions the company well for FY26. The management is also betting on continued demand from weddings, festivals, and a broader shift toward branded jewellery purchases.

Conclusion

PNG Jewellers is aiming for a 27–30% increase in value for FY26, building on solid results from FY25, planned expansion efforts, and keen insight into shifting consumer preferences.
As the company continues to invest in retail, digital, and franchise channels, it is poised to capture a larger share of India’s growing jewellery market, even amid external challenges.

 

 

 

 

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India’s Forex Reserves Climb to $690.6 Billion, Marking 7-Month Peak

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 Cellecor Gadgets’ Meteoric Rise: Retail Expansion Fuels 65% Share Surge in One Year
Equities - May 3, 2025

 Cellecor Gadgets’ Meteoric Rise: Retail Expansion Fuels 65% Share Surge in One Year

 Cellecor Gadgets’ Meteoric Rise: Retail Expansion Fuels 65% Share Surge in One Year

 

Small cap consumer electronics firm deepens market reach through new stores and partnerships, driving robust revenue growth and investor returns.

Retail Footprint Expansion Sparks Share Rally

On May 2, 2025, Cellecor Gadgets announced the launch of its eighth exclusive brand store in Barnala, Punjab—an aggressive push into one of India’s high potential appliance markets. The news sent the stock up nearly 3% intraday, with shares trading around ₹46.05, versus a prior close of ₹45.55.
Punjab’s appliance market, estimated at over USD 3.25 billion and representing some 4.2% of India’s total, offers fertile ground for growth as urbanisation and digital adoption climb. By establishing a dedicated retail outlet there, Cellecor aims to deliver hands on experience for its smart TVs, home appliances, and wearables—deepening customer engagement and brand trust.

Strategic Partnerships in South India

Earlier, on March 17, 2025, Cellecor announced tie ups with two major South Indian retail chains—B New Mobiles (141 stores across Andhra Pradesh and Telangana) and Celekt (117 stores across Andhra Pradesh, Telangana, and Maharashtra). This collaboration immediately lifted the stock over 7% in a single session, as investors cheered the company’s broader distribution network and potential ₹50 crore annual business from this partnership.
By leveraging established retail partners’ expertise and footprint, Cellecor gains instant access to millions of customers in key southern markets—further diversifying its geographic revenue streams and reducing customer acquisition costs.

Financial Performance and Future

Cellecor reported a staggering 105% year on year revenue increase to ₹1,025.95 crore in FY25, with net profit surging 92% to ₹30.90 crore. Riding this momentum, management has earmarked ₹100 crore for capacity expansion, R&D, and market outreach, aiming to add ₹500 crore in incremental sales and surpass ₹1,500 crore in revenue in FY26.

This robust financial trajectory underpins the stock’s appeal: from a 52 week low sub ₹20 level, Cellecor shares have rallied over 200% in the past year, delivering multibagger returns even as they remained under the ₹50 threshold for value investors.

  • Driving Factors Behind Growth
     Omni channel Approach: By combining exclusive brand stores with partnerships across independent retail chains, Cellecor ensures widespread product visibility, personalized demos, and after sales support—key differentiators in India’s competitive electronics market.
  •  Make in India Push: Investments in local manufacturing, OEM tie ups, and new warehousing infrastructures have improved margins and supply resilience, supporting the company’s cost leadership strategy.
  •  Diversified Product Mix: With over 600 SKUs spanning air conditioners, refrigerators, smartphones, laptops, and emerging categories like air fryers and microwaves, Cellecor mitigates concentration risk while capturing cross sell opportunities.
    4. Alternative Funding and Valuation: Trading under ₹50 yet commanding a market cap near ₹1,000 crore, the stock attracts both retail and institutional investors seeking high beta plays in India’s consumption story.

Analyst Perspectives and Risks
• Upside Potential: Brokerage reports highlight the ₹1,500 crore revenue target for FY26 as achievable, given current store roll outs and partnership deals. Some analysts project a 20–30% upside from current levels if execution remains on track.
• Execution Risk: Rapid expansion carries the risk of operational bottlenecks—inventory management, quality control, and after sales service consistency will be critical.
• Competitive Landscape: Established incumbents and global brands are also ramping up India focused launches. Cellecor must sustain innovation and cost advantages to protect its niche.

Conclusion

Cellecor Gadgets’ strategy of deepening its retail footprint—both through company owned stores and strategic alliances—has catalyzed a remarkable 65% share price gain in one year. Backed by robust financials, a diversified product lineup, and aggressive FY26 targets, the SME stock offers an intriguing blend of growth potential and value. However, investors should weigh execution and competitive risks as the company scales its omni channel model across India’s vast and varied markets.

 

 

 

 

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April Sees Indian Manufacturing at Highest Level Since June 2024, Bolstered by Exports and Recruitment

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A New Chapter for Vishal Mega Mart: Major Stake Trim and a $588 Million Deal on the Horizon
Result Updates - April 30, 2025

Vishal Mega Mart's Strong FY25 Growth and Outlook for Market Expansion

Vishal Mega Mart’s Strong FY25 Growth and Outlook for Market Expansion

 

Company Profile:

Vishal Mega Mart is a leading retail chain in India, founded in 2001.It provides a diverse selection of budget-friendly apparel, general merchandise, and FMCG products. As of March 31, 2025, the company operates 696 stores across 458 cities, with a total retail area of ~12.2 million square feet. Vishal Mega Mart also serves over 145 million consumers and has a growing presence in quick commerce.

Quarterly Performance (Q3 FY25 vs Q4 FY25):

Vishal Mega Mart reported a decline in performance in Q4 FY25 compared to Q3. Revenues dropped by 18.74%, from ₹3,136 crore in December 2024 to ₹2,548 crore in March 2025. This contraction in sales led to a 29.31% fall in operating profit, while Profit Before Tax (PBT) saw a steep decline of 55.68%. Net profit declined from ₹263 crore to ₹115 crore, a sharp fall of 56.27%. Earnings Per Share (EPS) also reduced significantly by 56.90%, dropping to ₹0.25. The quarter indicates pressure on margins and profitability, potentially due to reduced consumer spending, seasonal factors, or cost challenges.

Annual Performance (FY24 vs FY25):

Despite a demanding quarter, Vishal Mega Mart delivered strong annual growth in FY25, with sales climbing 20.26% to ₹10,716 crore, up from ₹8,912 crore in FY24. Operating profit increased by 19.88%, and more impressively, PBT and net profit grew by 36.68% and 36.80%, respectively. EPS for the full year improved from ₹1.02 to ₹1.37, representing a 34.31% increase, signaling enhanced value creation for shareholders. The company managed to scale its business while improving efficiency and profitability over the fiscal year.

Key operational highlights

• As of March 31, 2025, the company operates 696 stores across 458 cities, covering a retail space of approximately 12.2 million square feet.
• For FY25, the revenue breakdown by category was as follows: 44% from Apparel, 28% from General Merchandise, and 28% from FMCG.
• The company boasts a large and loyal customer base of around 145 million as of March 31, 2025.
• The proportion of revenue from the company’s proprietary brands increased to 73.1% in FY25, up from 71.8% in FY24.
• In addition, the company has made consistent progress in its quick commerce initiative, which is now available in 656 stores across 429 cities, with a registered user base of 8.7 million.

Market Reaction:

On April 30, 2025, Vishal Mega Mart’s stock surged by 9%, reflecting positive investor sentiment and confidence following the company’s strong financial performance and operational growth. The rise in stock price highlights investor optimism regarding the company’s future prospects, particularly in its expanding retail network and successful quick commerce initiative.

Final Take:

Vishal Mega Mart has demonstrated strong performance in FY25, with notable growth in sales, operating profit, and net profit, driven by its diverse product categories and expanding store network. The company has also made significant progress in its quick commerce initiative, further enhancing its market position.
Despite a challenging Q4 FY25, where sales and profits saw a decline, the company’s overall performance for the full year reflects resilience and strategic growth. The increase in the contribution of its own brands to revenue highlights the company’s growing brand equity and consumer loyalty.
The positive market reaction, with a 9% rise in stock price on April 30, 2025, signals strong investor confidence in Vishal Mega Mart’s long-term prospects, particularly as it continues to innovate and expand its presence across India.
In conclusion, Vishal Mega Mart remains well-positioned for continued growth, with its strong consumer base, expanding retail footprint, and increasing focus on digital and quick commerce services.

 

 

 

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Star Health Q4 FY25: Profits Drop, Claims Surge!

 

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