Kalyan Jewellers stock rallies 25% in two sessions on strong Q1 FY27 print
Kalyan Jewellers shares zoomed 25.26% over two sessions, hitting Rs 444.55, after Q1 FY27 showed ~38% consolidated revenue growth and 28% SSSG. Candere revenue jumped 112%, international sales grew ~35%, and the group added 12 Kalyan plus 5 Candere showrooms, taking the count to 524. Analysts eye Rs 470.
What happened
Kalyan Jewellers shares surged 25% over two sessions on strong Q1 FY27 results — ~38% consolidated revenue growth, 28% SSSG, 112% Candere growth, and new
Key facts
- shares +18.75% to Rs 444.55
- 25.26% rally in two sessions
- revenue growth ~38% consolidated
- SSSG ~28%
- international revenue growth ~35%
- Candere revenue growth ~112%
- 524 showrooms
- 354 Kalyan India stores
- 12 new Kalyan + 5 Candere showrooms launched Q1
Why this matters
Candere's 112% surge and ~35% international growth validate the multi-brand, cross-border thesis, making bolt-on regional acquisitions or franchise partnerships the logical next lever to sustain the growth trajectory.
What to watch
- Gold price trajectory and its impact on volumes vs value growth (studded ratio, margins)
- Whether SSSG sustains ex-gold-inflation into festive Q2/Q3
- Candere online/omnichannel unit economics and profitability, not just revenue growth
- Promoter/PE (Warburg) stake movement or block deals near elevated levels
- Working capital and debt levels amid aggressive showroom additions
- Brokerages revise target prices upward and issue fresh coverage notes citing SSSG and Candere growth
- Management commentary/investor call emphasizing store expansion pipeline and franchise-led capital-light model
- Peers (Titan, Senco, PN Gadgil) see sympathetic buying interest and comparison notes
- Retail and HNI flows chase momentum; possible delivery-volume spike and F&O interest build-up