Kalyan Jewellers shares surge 50% in 5 days
Company's market value increases by Rs 18,200 crore
1Kalyan Jewellers shares soar
Kalyan Jewellers shares surged by 50% in the last five trading days, adding Rs 18,200 crore to the company's market value. This rally was triggered by the Q1 business update, which showcased performance exceeding expectations.
2Strong Q1 performance
Kalyan Jewellers recorded a 38% increase in consolidated revenue for the April-June quarter. This growth occurred despite the Adhik Maas period, when gold purchases typically decline. Same-store sales also grew by 28%.
3International operations
The company's international operations saw a 35% year-on-year revenue growth in Q1 FY27. Specifically, the Middle East region experienced a 30% revenue increase, despite geopolitical tensions affecting footfall in April.
4New store openings
Kalyan Jewellers opened 12 new showrooms and 5 Candere showrooms in India during the quarter. The company is preparing for the upcoming festive and wedding season with fresh collections and campaigns.
5Analysts' views
Analysts note that Kalyan Jewellers shares show strong upward momentum in technical indicators. SBI Securities predicts that the stock will find strong support in the 475–470 zone and continue to rise if it stays above this level.
6Future expectations
Brokerages maintain bullish forecasts for Kalyan Jewellers shares. Citi anticipates the stock could rise to Rs 750, while ICICI Securities maintains a 'Buy' rating with a target price of Rs 670. The company's franchise expansion strategy and asset-light model continue to support revenue growth.
Original article: Economic Times — Kalyan Jewellers hisseleri 5 günde %50 yükseldi