On June 16, Kalyan Jewellers’ shares in India jumped 12% after a large trade occurred on the bourses.
Around 6.4 crore shares, instead of 6.2% equity, have changed hands in six block deals.

On the BSE, at 9:22 am, Kalyan Jewellers’ shares were trading at Rs 124.45, up 8.88%. The scrip rose 16% in Q4FY23; combined net sales rose 18% YoY to Rs 3,381.80 crore, whereas profit after tax (PAT) was down 3% at Rs 70.09 crore.
Management witnesses buoyant growth led by fruitful execution of the FOCO model yet presented a roadmap to trim debt-paring non‐core assets.

Kalyan Jewellers India is discovering numerous strategies to decrease its debt burden. One of the strategies being well-thought-out is the sale of aircraft retained by the company, a news report mentioned in mid-May.

The income from this sale would be seemingly utilised to cut prevailing debt. The gross debt is anticipated to fall by 15% in FY24.