Kalyan Jewellers’ shares move sharply following the company’s June-quarter business update and subsequent brokerage reactions. Multiple reports cite about 38% year-on-year growth in consolidated revenue for Q1 FY27, with the India business also growing at roughly the same pace and same-store sales up around 28% across key markets. The quarter includes the 28-day Adhik Maas period, which typically slows wedding-related jewellery purchases, yet the company still reports strong demand. Kalyan highlights progress from its “Shine with India” gold recirculation campaign, saying recycled gold forms more than 46% of revenue in the quarter and exceeds 55% in June. International revenue rises about 35% year-on-year, with Middle East growth around 30%, and overseas operations contribute roughly 14% of consolidated revenue. The company’s digital-first platform Candere shows revenue growth of about 112%. Retail expansion continues with 12 Kalyan showrooms and five Candere outlets opened during the quarter.
After an earlier drop on the update, the stock rallies on brokerage support: Citigroup reiterates a “Buy” rating with a target price of Rs 750, which aligns with other bullish commentary in reports. Trading momentum and investor sentiment fluctuate across sessions as analysts and markets react to the update and expectations around margins and festive-season demand.
