Tag: KalyanJewellers

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Kalyan Jewellers stock falls despite growth

Shares of Kalyan Jewellers India came under sharp selling pressure on Tuesday, falling nearly 7% despite the company reporting a strong business update for the first quarter of FY27. The decline surprised investors, as the jewellery retailer posted robust growth across its domestic and international operations.

The company reported a 38% year-on-year increase in consolidated revenue for the April–June quarter, driven by healthy consumer demand and strong festive and wedding-related purchases. Its India business delivered solid growth, while international operations also recorded steady expansion, contributing around 14% of consolidated revenue.

Despite the upbeat operational performance, investors chose to book profits after the stock’s recent rally. Analysts said the market may have been expecting even stronger growth, particularly after competitor Titan reported a higher business growth rate for the same period. Comparisons with peers and concerns over the stock’s valuation also weighed on sentiment.

The company continued to expand its retail footprint during the quarter by opening new showrooms in India and overseas. Management said demand remained resilient despite elevated gold prices, with customer interest supported by wedding purchases and festive buying. The franchise-led expansion strategy also continued to strengthen Kalyan Jewellers’ presence across key markets.

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Corporate

Kalyan Jewellers Q4 profit climbs up to ₹410 cr

Jewellery retailer Kalyan Jewellers reported a strong performance for the fourth quarter of FY26, with consolidated net profit more than doubling year-on-year to ₹410 crore. The company had posted a profit of around ₹180 crore during the same period last year.

The sharp rise in profit was driven by strong demand for gold and wedding jewellery across markets, along with continued retail expansion and improved sales performance. Revenue for the quarter also recorded healthy growth as customer demand remained strong despite high gold prices.

The company said festive purchases, wedding season demand, and growing preference for branded jewellery helped support sales during the quarter. Higher footfall in stores and better contribution from franchise operations also added to overall growth.

Kalyan Jewellers continued expanding its retail network during the financial year, opening new showrooms in India and overseas markets. The company said it remains focused on increasing its presence in tier-2 and tier-3 cities, where organised jewellery retail is seeing rising demand.

Apart from business expansion, the company also significantly increased its advertising and promotional spending during FY26. According to industry reports, Kalyan Jewellers’ advertising expenditure rose by 22% compared to the previous year. The company continued aggressive marketing campaigns featuring brand ambassadors and regional promotions to strengthen customer reach and brand visibility.

The jewellery retailer said investments in branding and customer engagement helped improve market presence and attract new buyers. Its digital campaigns and festive promotions also contributed to stronger sales momentum.

Industry analysts said organised jewellery brands continue to benefit from increasing consumer trust, transparency in pricing, and shifting preference away from unorganised retailers.

Kalyan Jewellers’ latest results reflect the broader strength seen in India’s organised jewellery sector, where major brands have reported robust growth despite fluctuations in gold prices.

Also Read: Titan Q4 profit shoots up by 35% to ₹1,179 cr

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Corporate

Kalyan Jewellers jumps 10% after strong Q3 results

Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

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Kalyan Jewellers shares fall 25%

Kalyan Jewellers’ shares have plunged around 25% over the past nine trading sessions, hitting a 52-week low of about ₹390 on January 21 after a nearly 14% fall.

The sharp decline comes amid heavy selling pressure and market weakness, with no major change in the company’s fundamentals. Fluctuating gold prices are also adding to investor caution.

Analysts say the upcoming December quarter results, due on February 6, will be closely watched. While short-term trading looks weak, brokers see potential for long-term recovery if market conditions stabilize.