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Source: Live Mint Shares of Kalyan Jewellers India Ltd are down 7% since its September quarter (Q2FY25) results were out on Wednesday during market hours. Sure, a cut in customs duty on gold imports to 6% from 15% pushed customer footfalls higher, boosting sales during the quarter. But the duty reduction also meant an inventory…
Source: Live Mint Kalyan Jewellers Ltd., headquartered in Thrissur, Kerala, released its earnings report for the September quarter, revealing a decline in both net profit and profit margins year-on-year. The jewelry retailer reported a net profit of ₹130 crore, reflecting a 3.3 percent decrease from ₹134.8 crore in the corresponding period of the previous year….
Source: Live Mint Despite the slew of reasons offered by mainstream media, such as Iran-Israel conflict, China stimulus, regulatory changes, the underlying reality is that Indian markets have been overvalued for some time now. Market-cap to GDP ratio, price to earnings, price/earnings to growth ratio, or small-cap to Sensex ratio, whichever metric you choose, the…
