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Entity-Specific Rating Rationales

10 Apr 2026

Kalyan Jewellers India Limited: Ratings reaffirmed

Kalyan Jewellers India Limited: Ratings reaffirmed

17 Jul 2025

Kalyan Jewellers India Limited: Ratings upgraded; rated amount enhanced for fixed deposit programme

Kalyan Jewellers India Limited: Ratings upgraded; rated amount enhanced for fixed deposit programme

31 Dec 2024

Kalyan Jewellers India Limited: Ratings reaffirmed and outlook revised to Positive for bank facilities; [ICRA]A+ (Positive) assigned for fixed deposit programme

Kalyan Jewellers India Limited: Ratings reaffirmed and outlook revised to Positive for bank facilities; [ICRA]A+ (Positive) assigned for fixed deposit programme

03 Nov 2023

Kalyan Jewellers India Limited: Change in limits

Kalyan Jewellers India Limited: Change in limits

25 Sep 2023

Kalyan Jewellers India Limited: Ratings reaffirmed

Kalyan Jewellers India Limited: Ratings reaffirmed

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Entity-Specific Credit Perspective Reports

02 Jun 2026

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited (Non-SF)

25 Feb 2025

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited (Non-SF)

17 Oct 2023

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Short-term – Interchangeable limits – Others [ICRA]A1+ -- -- --
Long-term/Short-term – Fund-based – Cash credit [ICRA]A1+ -- [ICRA]AA-(Stable) --
Short-term – Non-fund based – Forward cover [ICRA]A1+ -- -- --
Long-term/Short-term – Unallocated limits – Unallocated limits [ICRA]A1+ -- [ICRA]AA-(Stable) --
Fixed Deposit -- -- [ICRA]AA-(Stable) --
Fixed Deposit -- -- Withdrawn --

Our Analysts

Analyst 1

Sovanlal Biswas

Analyst 2

Sujoy Saha

Sector Head

Jitin Makkar
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