The Kalyan Jewellers India Limited (NSE:KALYANKJIL) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that Kalyan Jewellers India Limited (NSE:KALYANKJIL) filed its first-quarter result this time last week. The early response was not positive, with shares down 5.8% to ₹598 in the past week. Results overall were respectable, with statutory earnings of ₹13.05 per share roughly in line with what the analysts had forecast. Revenues of ₹106b came in 4.2% ahead of analyst predictions. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the most recent consensus for Kalyan Jewellers India from nine analysts is for revenues of ₹447.1b in 2027. If met, it would imply a solid 14% increase on its revenue over the past 12 months. Per-share earnings are expected to increase 6.9% to ₹14.85. In the lead-up to this report, the analysts had been modelling revenues of ₹432.3b and earnings per share (EPS) of ₹15.57 in 2027. So it's pretty clear consensus is mixed on Kalyan Jewellers India after the latest results; whilethe analysts lifted revenue numbers, they also administered a small dip in per-share earnings expectations.
Check out our latest analysis for Kalyan Jewellers India
The consensus price target was unchanged at ₹688, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Kalyan Jewellers India analyst has a price target of ₹800 per share, while the most pessimistic values it at ₹525. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Kalyan Jewellers India's revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 20% growth on an annualised basis. This is compared to a historical growth rate of 27% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 13% per year. So it's pretty clear that, while Kalyan Jewellers India's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on Kalyan Jewellers India. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Kalyan Jewellers India going out to 2029, and you can see them free on our platform here..
Plus, you should also learn about the 2 warning signs we've spotted with Kalyan Jewellers India (including 1 which is potentially serious) .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.