DMart slides 4.2% on soft Q1; Kalyan Jewellers soars 9.6% on 38% revenue jump
DMart's Q1 FY27 net profit rose 11.33% YoY to Rs 860.44 crore on revenue of Rs 18,794.53 crore (up 14.9%), but slowing 5.5% mature-store growth and a 4.6% PAT margin spooked investors. Kalyan Jewellers rallied on 38% India revenue growth and ~28% SSSG, while Swiggy fell 2.6% after FSSAI issued nine notices to Instamart.
What happened
DMart fell 4.24% on soft Q1 FY27 numbers with slowing mature-store growth; Kalyan Jewellers surged on 38% India revenue growth and 28% SSSG; Swiggy Instamart
Key facts
- DMart net profit Rs 860.44 crore up 11.33% YoY
- DMart revenue Rs 18,794.53 crore up 14.9%
- DMart PAT margin 4.6%
- DMart mature store growth 5.5%
- Kalyan Jewellers India revenue up 38% YoY
- Kalyan SSSG ~28%
- Kalyan stock up 9.59%
- Just Dial net profit Rs 166 crore up 4.1%
- Swiggy stock down 2.6%
- FSSAI issued 9 notices to Swiggy Instamart
Why this matters
Kalyan's 38% revenue surge and strong SSSG make organized jewellery an attractive consolidation and partnership target, while DMart's valuation cooling and Swiggy's FSSAI scrutiny may open negotiating leverage or asset opportunities in grocery and quick-commerce.
What to watch
- DMart management commentary on quick-commerce competition and store additions
- FSSAI follow-up actions or penalties on Instamart
- Gold price movement and import duty changes
- Q2 SSSG prints across organized retail
- Institutional flow data on DMart post-correction
- Watch DMart brokerage revisions for target-price cuts on margin/SSSG concerns
- Monitor Kalyan for profit-booking after 9.6% spike; expect volatility
- Track quick-commerce peers (Zomato/Blinkit, Nykaa) for FSSAI contagion
- Assess gold price trajectory impact on jewellery demand into festive season