BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Kalyan Jewellers India Ltd. reported an in-line operating performance with higher disruption in its core markets weighing on revenues in Q1.
Share of gold jewelry continued to be high with continued new customer recruits from the unorganised segment.
Lower gold savings scheme (advance purchase scheme) subscriptions is marginal near-term headwind.
We expect Kalyan Jewellers to focus on store expansion in FY22.
We believe mandatory hallmarking will create a level playing field in the Indian jewelry market, driving further formalisation.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR