Kalyan Jewellers: Managing Gold Price Risk on Inventory

Kalyan Jewellers India Limited is an Indian multinational jewellery retail company headquartered in Thrissur, Kerala, India. It is a publicly listed firm engaged in the design, manufacture, marketing and sale of gold, diamond, precious metal and gemstone jewellery. The business is built around the principles of trust, transparency and customer focus.

Key facts:

Founded: 1993 by T. S. Kalyanaraman in Thrissur, Kerala.

Headquarters: Thrissur, Kerala, India.

Industry: Retail – Gems & Jewellery.

Public Listing: IPO in 2021, raising ~₹1,175 crore.

Employees: Over 13,000+ globally.

Presence: 300+ showrooms across India, Middle East and the USA (as of 2025).

Business & Products

Kalyan Jewellers offers a broad portfolio of jewellery, including:

Gold ornaments (traditional and contemporary)

Diamond jewellery (rings, necklaces, earrings)

Gemstone, platinum and silver jewellery

Daily wear and bridal collections

Multiple branded collections (e.g., MUDHRA, NIMAH, ANOKHI, VEDHA)

Online sales through its e-commerce platform Candere.








Timestamps:
00:00 - Intro
00:20 - Store Expansion Plan
02:14 - Q3FY26 Performance
04:54 - Are New Franchisees Showing Interest?
06:01 - Gold Price Risk for Franchisees
07:54 - Debt Reduction Plan
08:57 - Launch of a Regional Brand
09:15 - Stud Jewellery Demand
10:03 - Why Isn’t the Stock Price Moving?
10:28 - Convenient Programs Driving Sales
11:39 - Stud Jewellery In South
12:15 - Lab Grown Diamond
12:55 - 5 Key Drivers of Margin Improvement
14:54 - 2–3 Year Expansion Plan
15:15 - Candere Profitable
15:50 - Valuation and Growth Projection
18:05 - Growth Isn’t the Only Metric























































































































































































































































































































































































































































































































































































































































































































































Kalyan Jewellers Business

Kalyan Jewellers Business Model

Kalyan Jewellers Business Analysis

Kalyan Jewellers Business Model Analysis

Kalyan Jewellers Stock

Kalyan Jewellers Share

Kalyan Jewellers Stock Analysis

Kalyan Jewellers Share Analysis

Kalyan Jewellers Stock News

Kalyan Jewellers Share News

Kalyan Jewellers Share Latest News

Kalyan Jewellers Stock Latest News

Kalyan Jewellers News

Kalyan Jewellers Q3FY26 Analysis

Kalyan Jewellers Result Analysis

Kalyan Jewellers Concall

Kalyan Jewellers Concall Analysis

Kalyan Jewellers Q3FY26 Concall

Kalyan Jewellers Q3FY26 Concall Analysis

Kalyan Jewellers Earnings Call

Kalyan Jewellers Q3FY26 Earnings Call Analysis

Kalyan Jewellers Latest Result

Kalyan Jewellers Latest Concall

Kalyan Jewellers Latest Result Analysis

Kalyan Jewellers Latest Concall Analysis

Kalyan Jewellers Latest Earnings Call

Kalyan Jewellers Latest Earnings Call Analysis

Kalyan Jewellers Latest News

Kalyan Jewellers Share Latest News

Kalyan Jewellers Stock Latest News

Kalyan Jewellers Latest Result

Kalyan Jewellers Latest Result News

Kalyan Jewellers Latest Quarterly Result

Kalyan Jewellers Latest Quarterly Result Analysis

Kalyan Jewellers Latest Quarter Result Analysis

Kalyan Jewellers Latest Earnings Call

Kalyan Jewellers Latest Concall

Kalyan Jewellers Latest Concall Analysis

Kalyan Jewellers Latest Quarter Earnings Call

Kalyan Jewellers Latest Quarterly Earnings Call

Kalyan Jewellers Latest Quarter Earnings Call Analysis

Kalyan Jewellers Quarterly Concall

Kalyan Jewellers Quarterly Concall Analysis

Kalyan Jewellers Result

Kalyan Jewellers Result Analysis

Kalyan Jewellers Q3FY26 Result Analysis

Kalyan Jewellers Result News

Kalyan Jewellers Latest Quarterly Result

Kalyan Jewellers Latest Stock Update

Kalyan Jewellers Stock Latest Update

Kalyan Jewellers Share Latest Update

Kalyan Jewellers Latest Quarter Result

Kalyan Jewellers Stock Price

Kalyan Jewellers Share Price

Kalyan Jewellers Management

Kalyan Jewellers Management Analysis

Kalyan Jewellers Management Interview

Kalyan Jewellers Management Commentary

What Happened To Kalyan Jewellers Stock

What Happened To Kalyan Jewellers Share

Kalyan Jewellers Latest Update

Kalyan Jewellers Update

Kalyan Jewellers Analysis

Kalyan Jewellers Latest Analysis

Why Kalyan Jewellers Is Down

Kalyan Jewellers Stock Future

Kalyan Jewellers Future