Kalyan Jewellers Dividend Record Date Revealed! Gold Stock Down 2.5%, RoE At 18%; Time To Buy The Dip?

Kalyan Jewellers Dividend: Shares of Kalyan Jewellers declined nearly 2.5% on Tuesday, a day after the gold jewellery and watches producers fixed the dividend record date. The company had announced a 15% final dividend for its shareholders for the financial year 2024-25.

Kalyan Jewellers shares were trading 2.48% lower at Rs 523.45 per share on BSE at 2:53 pm with a market capitalisation of Rs 53,968.12 crore. The stock had touched an intraday high mark of Rs 537.95 per share and an intraday low mark of Rs 520.60 per share.

Kalyan Jewellers Dividend Record Date

Kalyan Jewellers earlier announced that its board of directors had recommended a 15% final dividend for its shareholders for the financial year 2024-25.

"The Board of Directors, at its meeting held on May 08, 2025, recommended a final dividend of 15% on the face value of equity shares (₹1.50 per share) for approval by the shareholders at the AGM," read a BSE filing by the gold jewellery producer.

The company, on Monday (August 11), had fixed September 5 as the dividend record date to determine the eligibility of its shareholders for the corporate action. A company fixes a record date to check for eligible shareholders who will get the benefit of corporate actions like dividend payout, bonus issue, stock split, etc.

Kalyan Jewellers: What Brokerages Have To Say?

Kalyan Jewellers result for the June quarter was in line with the estimates released by brokerage Centrum. The company's June quarter earnings witnessed a significant pause in debt reduction and utilising cash towards opening of regional brands and building jewellery manufacturing hub in Thissur to drive efficiencies.

According to the brokerage, the Kalyan Jeweller's regional brand strategy would help the company to upgrade consumers form unorganised to organised sector. The jewellery brand built its presence with store network expansion and by charting debt reduction strategy. However, its execution strategy in the upcoming quarter will be of essence, highlighted the brokerage its report.

Kalyan Jewellers Share Price Recommendation

Centrum maintained a 'Buy' rating for the stock with a target price of Rs 610 per share. The brokerage had indicated a 16% upside in the Kalyan Jewellers stock price value.

"We estimate revenue/PAT CAGR of 24%/29% over FY25-28E. We assign BUY rating on the stock. We roll forward our EPS estimates to Sept'27 EPS of Rs13.5 resulting in target price of Rs610 based on target PE multiple of 45x," read Centrum's report on the stock.

Kalyan Jewellers Q1 Result Recap

The company, last week, reported a 49% year-on-year growth in its consolidated net profit to Rs 264 crore against Rs 178 crore reported in the year ago period. The company's revenue from operations stood at Rs 7,268 crore, which was 31% higher from Rs 5,528 crore reported in the same quarter in a year-ago period.