Kalyan Jewellers India Ltd

- The company plans to reduce its debt by INR 300 to 400 crores in FY26, indicating a debt repayment focus rather than new debt-raising. - There is no mention of any new fundraising through debt or equity in the current call transcript. - The emphasis is on reducing non-GML (gold metal loan) debt and overall debt levels over the near term. - Capex plans for FY26 are around INR 150 crores, primarily for maintenance and new store openings, funded internally. - No indications of equity fundraising activities or plans were discussed in the call.

- For FY '26, Kalyan Jewellers plans to open 170 showrooms across Kalyan and Candere formats. - Maintenance capex for FY '26 is expected to be around INR 150 crores. - New showroom capex in India for FY '25 was approximately INR 200 crores. - South India franchisee model stores have capex put by Kalyan, around INR 40-50 crores in FY '25. - Candere store expansion: planning to open 80 stores in India during the current financial year through a mix of FOCO and COCO showrooms. - Candere's store capex and inventory investment will be directly funded by Kalyan Jewellers. - Overall, a mix of maintenance and new store investments are planned, with a strategic focus on expanding metro, Tier 1, and Tier 2 markets nationally.

- **Store Expansion**: Plan to open 170 showrooms across Kalyan and Candere formats in FY26, including 90 Kalyan stores in India and 80 Candere stores nationwide, focusing on metro, Tier 1, and Tier 2 locations. - **Same Store Sales Growth (SSG)**: Achieved a 21% SSG recently; expect strong value-driven growth due to pushing studded jewellery rather than focusing solely on gold volume. - **Revenue Growth**: With aggressive store expansion and robust SSGs, overall revenue growth for FY26 is expected to be strong and better than the previous year. - **Studded Mix**: Maintain studded jewellery ratio around 30-32%, supporting higher-margin sales despite expansion into Tier 2 and Tier 3 markets. - **Candere Profitability Target**: Efforts to make Candere profitable at PAT level during the current financial year. - **Debt Reduction**: Targeting INR 300-400 crore debt reduction to optimize costs and improve margins.

- For FY26, Kalyan Jewellers targets PBT margins above 5%, improving from 3.8% in FY25 (adjusted margin would have been ~5% excluding inventory impact). - The company plans significant showroom expansion with 170 new stores across Kalyan and Candere formats. - Debt reduction target for FY26 is INR 300-400 crores, supporting interest savings and margin expansion. - Same-store sales growth (SSG) was strong at ~21%, though growth will focus on value by pushing studded jewellery despite gold volume possibly declining. - Candere aims to achieve profitability at PAT level during FY26 with improved merchandising and brand campaigns scheduled. - Revenue growth expected to be robust aided by showroom additions and strong demand momentum from occasions like Akshaya Tritiya and weddings. - Expansion focus includes metro, Tier 1 and Tier 2 cities to sustain top-line growth.

The transcript provided does not explicitly mention the current or expected order book or pending orders for Kalyan Jewellers India Limited. However, related relevant points include: - The company plans to open 170 showrooms across Kalyan and Candere formats in FY 2026. - For Candere, 80 new showrooms are planned to be launched during the current financial year. - There is a focus on expansion primarily in metro, Tier 1, and Tier 2 locations across India. - The company expects strong revenue growth fueled by both new store openings and same-store sales growth. - No direct reference to an order book or pending orders is made in the earnings call transcript. If you require detailed order book or pending orders data, it may not be available in this document.