07-Jul-2026 11:12:18
Kalyan Jewellers Slumps 7% Despite 38% Q1 Revenue Growth
Shares of Kalyan Jewellers fell over 7% despite reporting a strong Q1 FY27 business update. The company posted 38% year-on-year consolidated revenue growth, driven by robust demand across domestic and international markets. Its India business also recorded 38% revenue growth, while same-store sales rose 28%, despite the quarter being impacted by the 28-day Adhik Maas period. Analysts attributed the stock's decline to profit booking and elevated valuations after a strong rally rather than any weakness in business fundamentals.