Kalyan Jewellers India Ltd
NSE:KALYANKJIL

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Kalyan Jewellers India Ltd Logo
Kalyan Jewellers India Ltd
NSE:KALYANKJIL
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Price: 400.65 INR -1.01% Market Closed
Market Cap: ₹413.7B

Operating Margin

5.5%
Current
Improving
by 0.1%
vs 3-y average of 5.4%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
5.5%
=
Operating Income
₹17.3B
/
Revenue
₹316.3B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
5.5%
=
Operating Income
₹17.3B
/
Revenue
₹316.3B

Peer Comparison

Country Company Market Cap Operating
Margin
IN
Kalyan Jewellers India Ltd
NSE:KALYANKJIL
413.7B INR
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FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
275.2B EUR
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FR
Hermes International SCA
PAR:RMS
221.4B EUR
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KR
SBW
KRX:102280
235.5T KRW
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FR
EssilorLuxottica SA
PAR:EL
110.3B EUR
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CH
Compagnie Financiere Richemont SA
SIX:CFR
94.4B CHF
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FR
Christian Dior SE
PAR:CDI
94.9B EUR
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IN
Titan Company Ltd
NSE:TITAN
3.8T INR
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FR
Kering SA
PAR:KER
34.1B EUR
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DE
Adidas AG
XETRA:ADS
28.5B EUR
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US
Tapestry Inc
NYSE:TPR
31.6B USD
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Market Distribution

In line with most companies in India
Percentile
42st
Based on 5 437 companies
42st percentile
5.5%
Low
-153 833.3% — 2.7%
Typical Range
2.7% — 13.2%
High
13.2% — 9 977%
Distribution Statistics
India
Min -153 833.3%
30th Percentile 2.7%
Median 7.3%
70th Percentile 13.2%
Max 9 977%

Kalyan Jewellers India Ltd
Glance View

Kalyan Jewellers India Ltd., a prominent player in the Indian jewelry retail industry, has built its reputation on a foundation of trust, transparency, and a client-first approach. This family-owned business, which was founded by T.S. Kalyanaraman in 1993 in Thrissur, Kerala, has grown exponentially over the decades. Initially a modest operation, Kalyan Jewellers has expanded its footprint across India with an extensive network of showrooms, reaching both urban and semi-urban markets. The brand is known for its wide range of meticulously crafted jewelry that caters to diverse tastes and occasions, from weddings to casual wear, thereby marrying traditional designs with contemporary styles to appeal to a broad demographic. This strategic focus on consumer needs and local tastes has been a significant factor in their sustained growth, making them a household name across the subcontinent. The company primarily generates revenue through its extensive line of gold, diamond, and other precious jewelry collections, along with branded and unbranded jewelry offerings. This diversified product line, coupled with an innovative approach to marketing—often leveraging high-profile brand ambassadors—facilitates a strong connection with customers. Kalyan Jewellers positions itself as a trustworthy brand by emphasizing high-quality products and transparent pricing policies, which include detailed breakups of costs, something relatively novel in the jewelry industry. Additionally, the company has ventured into e-commerce, complementing its physical stores and tapping into the growing online retail market, thereby enhancing its accessibility and reach. This blend of traditional charm with modern innovation enables Kalyan Jewellers to maintain robust sales and expand its market share both domestically and internationally.

KALYANKJIL Intrinsic Value
359.8 INR
Overvaluation 10%
Intrinsic Value
Price
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
5.5%
=
Operating Income
₹17.3B
/
Revenue
₹316.3B
What is Kalyan Jewellers India Ltd's current Operating Margin?

The current Operating Margin for Kalyan Jewellers India Ltd is 5.5%, which is above its 3-year median of 5.4%.

How has Operating Margin changed over time?

Over the last 3 years, Kalyan Jewellers India Ltd’s Operating Margin has decreased from 6.2% to 5.5%. During this period, it reached a low of 4.7% on Mar 31, 2025 and a high of 6.2% on Mar 31, 2023.

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