Kalyan Jewellers rebounds 4.98% on bargain buying after Q1 FY27 shows ~38% revenue growth
Kalyan Jewellers stock climbed 4.98% to Rs 372.40 on bargain buying following a recent slide. Q1 FY27 delivered ~38% YoY revenue growth, 28% India SSSG, and 35% international growth. Candere revenue surged ~112%. Network now spans 524 showrooms globally, including 354 Kalyan stores in India and 129 Candere stores.
What happened
Kalyan Jewellers stock rose 4.98% on bargain buying after reporting ~38% Q1 FY27 revenue growth, 28% SSSG, strong gold recirculation, and 112% Candere growth,
Key facts
- stock +4.98% to Rs 372.40
- Q1 FY27 revenue growth ~38% YoY
- India SSSG ~28%
- recycled gold >46% of revenue
- international revenue growth ~35%
- Candere revenue growth ~112%
- 524 showrooms globally
- 354 Kalyan stores India
- 129 Candere stores
- Q4 net profit Rs 409.50 crore +118.27%
Why this matters
Candere's ~112% revenue surge and 129-store footprint validate the digital-plus-physical omnichannel bet, making it the natural focus for further expansion, partnerships, or format experimentation.
What to watch
- Gold price trajectory and its impact on same-store volumes vs value growth
- Q2 FY27 festive-season SSSG guidance
- Net debt and working-capital trend from store rollout
- Studded ratio and gross margin disclosure
- Promoter/institutional holding changes and block deals
- Brokerages update FY27 EPS and target prices post-Q1 print
- Management commentary on studded-jewellery mix and franchisee capital-light expansion
- Candere scaling narrative pushed as omnichannel growth engine
- Peer read-across to Titan, Senco, PC Jeweller on SSSG trends