Kalyan Jewellers stock rises 36% in 3 days
The company's market value increased by 13,280 crore in 3 days
1Kalyan Jewellers' remarkable rise
Kalyan Jewellers' stock recorded an extraordinary 36% rise in the last 3 trading days. On Friday, it rose 9% to reach 483.40 rupees, marking its highest level in the last six months. This increase boosted the company's market value by 13,280 crore rupees.
2Strong quarterly performance
The company's consolidated revenues grew by 38% in the first quarter of FY27. This growth occurred despite the Adhik Maas period, when gold purchases typically decline. Same-store sales rose by 28%, while the recycled gold ratio reached 46%.
3Growth in international operations
The company recorded a 30% revenue increase in the Middle East, showcasing strong performance despite geopolitical tensions in the region. In India, 12 new showrooms and 5 Candere stores were opened. The company continues preparations for the upcoming wedding season.
4Analysts' optimistic expectations
Citi set a target price of 750 rupees for Kalyan Jewellers' stock, predicting a potential 69% upside. ICICI Securities maintained a 'Buy' recommendation with a target of 670 rupees. Analysts believe the company's franchise model will support growth.
5Risks and opportunities in the sector
Experts note that formalization in the jewelry sector is an advantage for the company, while a potential decline in diamond prices is seen as a risk. The company's asset-light model is expected to boost return on capital.
6Long-term returns
The stock, which rose 40% in the last month, delivered returns of 190% over 3 years and 514% over 5 years. However, after a 2% decline in 2026, the stock continues to offer both risk and high return potential for investors.
Original article: Economic Times — Kalyan Jewellers hisse senedi 3 günde yüzde 36 yükseldi