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Kalyan Jewellers reported a strong revenue growth of 31% YoY, driven by an 18% same-store sales growth in India, and added multiple new stores. The company is implementing initiatives such as a lean credit policy and launching regional brands to enhance profitability and market reach. Despite a temporary pause in debt repayment, Kalyan maintains a BUY rating with a target price of INR 700, reflecting an 18.4% upside potential.
- Author
- apcreation177
- Language
- EN