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<ul><li><keyword id="413856" type="General" weightage="20" keywordseo="kalyan-jewellers" source="Orion">Kalyan Jewellers</keyword> India has recorded a profit after tax (PAT) of ₹108 crore in Q1FY23.</li><li>The company has witnessed momentum in footfalls and revenue across India and Middle East markets.</li><li>Kalyan aims to increase its retail footprint in India by another 8%, before Diwali this year.</li></ul>Hefty import duties and gold price volatility did not take the shine off Kalyan Jewellers, as it reported a net profit of ₹108 crore in the April-June quarter. In the same period last year, it reported a loss of ₹51 crore. Its consolidated revenues stood at ₹3,333 crore almost doubling from ₹1,637 crore reported in the same quarter last year. “The recently concluded quarter has been a positive one for Kalyan Jewellers, having witnessed robust momentum in both footfalls and revenue across India and Middle East markets. Revenue momentum in the current quarter has remained encouraging, thus far, and we are keenly looking forward to the upcoming <keyword id="36208" type="General" weightage="20" keywordseo="festive-season" source="Orion">festive season</keyword>,” said Ramesh Kalyanaraman, ED, Kalyan Jewellers India. In the Middle East, which contributes around 17% to its overall business, the jewellers’ total revenue from operations went up by 69% to ₹574 crore in Q1 as against ₹340 crore last year. The jewellers’ stock surged by 5.87% in today’s trade, as per NSE. Increasing its footprint Kalyan Jewellers, which launched its first franchised showroom in Q1, aims to increase its retail footprint in India by another 8%, before Diwali this year. This new line up is planned in the non-South markets. It will also focus on scaling up operations within micro markets of tier-1 cities like Delhi and Mumbai, while aggressively expanding its presence in tier-2 and tier-3 markets. “We have built a meaningful pipeline of additional franchise showrooms on the back of very encouraging responses from potential franchise partners, and we are on track with our expansion plans for the current financial year. We believe the successful launch of the first set of franchised showrooms will give us the confidence to further enhance the pace of expansion through this significantly more capital efficient and return accretive path,” said Kalyanaraman. As of June 30, 2022, Kalyan Jewellers' store network across India and the Middle East stood at 158.

Kalyan Jewellers posts ₹108 cr net profit; looks forward to festive sales

<ul><li>The basis of allotment for the ₹1,175 crore IPO of Kalyan Jewellers is likely to be announced today on March 23.</li><li>The IPO saw muted demand being subscribed to 2.61 times after the bidding process closed on March 18.</li><li>Here is how to check <keyword id="10970925" type="UNKNOWN" weightage="20" keywordseo="kalyan-jewellers-ipo-allotment">Kalyan Jewellers IPO allotment</keyword> status on the registrar website and stock exchanges. </li></ul>Kalyan Jewellers is likely to announce the allotment status of its ₹1,175 initial public offering (IPO) on March 23. Despite being one of India’s biggest jewellery brands, the offer saw muted demand. <keyword id="9681214" type="UNKNOWN" weightage="20" keywordseo="kalyan-jewellers-ipo">Kalyan Jewellers IPO</keyword> was subscribed to 2.61 times after the bidding process closed on March 18. The Kerala-based company is offering fresh shares worth ₹800 crore and an offer of sale (OFS) worth ₹375 crore. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kalyan Jewellers IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.76 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.91 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.82 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.61 times </td></tr></tbody></table> According to Angel Broking analyst <a href="https://finance.yahoo.com/news/indias-kalyan-jewellers-ipo-loses-134958109.html">Amarjeet Maurya</a>, the lacklustre interest in Kalyan Jewellers is a result of its recent financial results failing to impress investors, especially in comparison to its main competitor — Titan. Concerns were further compounded by uncertainty around the demand for gold given the COVID-19 pandemic. Nonetheless, Kalyan’s hyperlocal strategy has earned it a strong and widespread brand presence across the country. Before the IPO opened up to the public, the Warburg Pincus-backed jewellery bigwig raised nearly ₹352 crore from 15 anchor investors including the Government of Singapore, Monetary Authority of Singapore, HDFC Life Insurance and BNP Paribas Arbitrage. The funds will be used for Kalyan’s working capital requirements and general corporate purpose. Here is how to check Kalyan Jewellers IPO allotment status: If you subscribed to the Kalyan Jewellers IPO, you could check your allotment status by following these simple steps. To check on the stock-exchange website: <ul><li>To check Kalyan Jewellers IPO allotment status, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Kalyan Jewellers'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on 'Kalyan Jewellers'. It will only appear post allotment on March 22.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

Kalyan Jewellers IPO live — how to check allotment, listing date and more

It is not everyday that two A-list celebrities come together. In the last two years, this rare occurrence has happened at least thrice, bringing to the fore a class of power couples. And, their combined brand value can top the charts. Earlier too, legendary Bollywood actors Amitabh and Jaya Bacchan came together for endorsing <keyword id="413856" type="COMPANY" weightage="20" keywordseo="Kalyan-Jewellers">Kalyan Jewellers</keyword> Mudhra collection as parents to a would-be bride. Though Shah Rukh Khan and Gauri Khan also did a few ads like D'decor together, experts believe the real moolah lies in the paired reigning superstars. The latest entrant into this short and exclusive club are Ranbir Kapoor and Alia Bhatt, who are also coming together for a soon-to-be released movie. Alia Bhatt and Ranbir Kapoor 
 
 
 
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 Hitting the nail before they turn a married couple, e-commerce giant Flipkart roped Alia Bhatt and Ranbir Kapoor for a national campaign. They play the role of a couple too where Alia is seen commenting on Ranbir’s clothing style. Alia who is high on successes like Raazi and Gully Boy makes more from brand endorsements, as compared to Ranbir who had a spate of flops before the release of Sanju this year. The 26-year-old actor, Alia Bhatt has collaborated with some of the best brands in India and is the first celeb to promote Uber Eats, Nokia and Make My Trip. She reportedly <a href="https://www.marketingmind.in/reasons-why-alia-bhatt-has-become-popular-in-brand-endorsements/">has a brand value </a> of $98,10,700. Ranbir Kapoor reported has a brand value of ₹1.39 billion, according to Duff and Phelps' Celebrity Brand Valuation Report 2018. But together, both their fortunes could change and so will that of the brands they would be a part of. Together they have an estimated brand value of ₹2.77 billion Deepika Padukone and Ranveer Singh 
 
 
 
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 The star couple Deepika Padukone and Ranveer Singh have around 40 brands together in their kitty. And some of them are competitors. For instance, Ranveer Singh endorses Make My Trip while Deepika promotes GoIbibo. But electronics brand Lloyd also brought them together to do what they do best--as newlyweds to endorse the company’s household electronics like air conditioners, LED TVs among others. According to a report by ESP properties, “Their successive blockbusters and the buzz around their wedding for months before the event, was enough to earn them a spot in the top 3 brand favorite stars of the year.” Ranveer Singh earns over ₹840 million from more than 20 brand he endorses. He charges between ₹30-40 million to ₹40 million per advertisement. Ranveer Singh earned ₹626 millions alone in 2017 from brand endorsement, said Forbes list of 100 celebrities for 2017. Deepika Padukone is the top earner in brand endorsements amongst actresses. She promotes 18 brands and earns ₹750 million. The brand <keyword id="3056668" type="PERSON" weightage="20" keywordseo="deepveer">DeepVeer</keyword> has an estimated value of ₹1.59 billion. Anushka Sharma and <keyword id="6354486" type="PERSON" weightage="20" keywordseo="virat-kohli">Virat Kohli</keyword> 
 
 
 
 <div type="image" title="_eccb0bfa-ec88-11e8-b312-d5ded9c11306" msid="69660095" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;sup&amp;gt;A still from Manyavar ad&amp;lt;/sup&amp;gt;&amp;lt;/p&amp;gt;"></div>









 The trendsetters in the latest category however remain Virat Kohli, the captain of the Indian cricket team, and his actor wife Anushka Sharma. And without they have more than one ‘couple’ endorsement. Both of them together<a href="https://www.livemint.com/industry/media/myntra-appoints-virat-kohli-anushka-sharma-as-first-brand-ambassadors-1556879575460.html"> reportedly have a brand value of $200 million</a> with 40 brands in their kitty like Head and Shoulders, Pepsi, Celkon, Boost, Audi, Fastrack, Nivea, Puma, American Tourister and Uber. The two have also been featured together in a clothing brand advertisement, Manyawar, for which they did a sequel after their marriage. In fact, it was an ad shoot that brought this couple together as they met in 2013 while shooting for Head and Shoulders. They recently shot an ad for Google Duo where Anushka Sharma and Virat Kohli show their goofy relationship. “In 2017, #Virushka was evidently the year’s Power Couple.Colgate skillfully leveraged the fandom of both the stars separately this year.” said the ESP Properties report. Virat Kohli is the star of the brand endorsement <a href="https://economictimes.indiatimes.com/industry/services/advertising/virat-kohli-tops-powerful-celebrity-brands-list-with-a-brand-value-of-170-9-million/articleshow/67469396.cms">as he was listed</a> as the most powerful celebrity brand in the list of Duff &amp; Phelps at the brand valuation of $170.9 million. Virat Kohli is also the first Indian sportsperson to sign a deal worth ₹10 billion with Puma. Kohli signed the eight-year deal with the lifestyle brand last year.

DeepVeer, Virushka and now Alia-Ranbir are power ‘couple brand ambassadors’

PE and VC investors make a killing in the 2023 bull market

<ul><li>Shares of <keyword id="95677" type="General" weightage="20" keywordseo="jubilant-foodworks" source="Orion">Jubilant FoodWorks</keyword> fell more than 8% on lower than expected same-store-sales of Domino’s Pizza.</li><li>However, the company reported strong profit that jumped 58% to ₹121 crore in September quarter because of strong delivery and takeaway orders.</li><li>Check the latest updates on <a href="https://www.businessinsider.in/">Business Insider.</a></li></ul>Domino’s Pizza operator Jubilant FoodWorks reported strong profit growth in the last three months because of pick up in delivery and takeaway orders. The company delivered a profit growth of 58% at ₹121 crore in the September quarter. Despite good earnings investors were disappointed as shares of the company fell 8% on Wednesday after the earnings release as same-store-sales were lower than expected. Its same-store-sale growth grew by 26.3% in the July-September quarter, below analysts expectation of 30-35% growth, according to a CNBC-TV18 report. <div type="image" title="jubilant foodworks profit" height="900" width="1200" msid="87158563" hostid="261"></div> Jubilant FoodWorks also undertook a one-time loss of ₹1.25 crore to support its employees affected by the COVID-19 pandemic during the quarter. Moreover, the company added 60 new stores in the last three months with 55 stores of Domino’s, two stores each for Dunkin’ Donuts and Hong’s Kitchen and one store of Ekdum!. As of September 30, 2021 the company has 1,435 restaurants across 307 cities in India. <div type="image" title="jubilant foodworks chart" height="900" width="1200" msid="87158589" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-cements-its-lead-over-airtel-in-both-total-as-well-as-active-subscribers/articleshow/87156675.cms">Reliance Jio cements its lead over Airtel in both total as well as active subscribers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/titan-kalyan-jewellers-and-other-jewellery-stocks-rally-in-last-one-month-on-high-bullion-prices/articleshow/87156003.cms">Titan, Kalyan Jewellers and other jewellery stocks rally in last one month on high bullion prices</a>

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Kalyan Jewellers posts ₹108 cr net profit; looks forward to festive sales

Karuna Sharma

Kalyan Jewellers IPO live — how to check allotment, listing date and more

Prabhjote Gill

DeepVeer, Virushka and now Alia-Ranbir are power ‘couple brand ambassadors’

Preeti Soni

PE and VC investors make a killing in the 2023 bull market

Katya Naidu

Jubilant FoodWorks' net profit up by 58% in Sep quarter on strong orders post COVID's second wave

Bhakti Makwana

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