Bluestone Jewellery IPO - Moving from Online to Offline. Thoughts on Valuation
Bluestone Jewellery and Lifestyle (BJL) is planning to raise about US$176m in its upcoming India IPO. In this note we talk about RHP updates and...
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Bluestone Jewellery and Lifestyle IPO – All That Glitters Is Not Gold
Bluestone Jewellery, founded by Gaurav Singh Kushwaha, faces challenges with losses, negative cash flows, and aggressive expansion, making its...
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The Beat Ideas: P N Gadgil Jewellers- Betting Big on High-Margin Lightweight Jewellery
Legacy brand P N Gadgil Jewellers is transforming into a modern retail powerhouse with 55 stores, innovative formats, and nationwide expansion...
614 Views
Thangamayil Jewellery: Vanakkam Chennai! Maintain BUY
We believe Thangamayil Jewellery, a leading jewellery player in Tamil Nadu, is set to achieve 28%, 34%, and 40% revenue, EBITDA, and PAT CAGR,...
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Thangamayil Jewellery (3QFY25): Chennai Store Pre-Op Expenses Dent Profitability. Maintain BUY
TJL’s 3QFY25 performance was weaker than expectations, owing to an adverse sales mix (studied jewellery revenue stood at 8.25% of sales, compared...
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