Kalyan Jewellers stock spurts 19% in two days on strong Q1 growth
Kalyan Jewellers rallied over 19% across two sessions after reporting ~38% YoY Q1 FY27 revenue growth and 28% India same-store sales growth. Candere revenue surged 112% YoY, recycled gold topped 46% of revenue, and the company added 12 Kalyan and 5 Candere stores, taking its global count to 524 showrooms.
What happened
Kalyan Jewellers stock rallied 19% in two sessions after reporting ~38% Q1 FY27 revenue growth, 28% India SSSG, strong recycled-gold contribution, 112% Candere
Key facts
- stock +13.08% to Rs 423.10
- +19.27% over two sessions
- Q1 FY27 revenue +38% YoY
- India SSSG ~28%
- recycled gold >46% of revenue (55% in June)
- international revenue +35%
- Candere revenue +112% YoY
- 524 showrooms globally (354 India Kalyan)
- 12 new Kalyan + 5 Candere stores opened
- Q4 net profit +118.27% to Rs 409.50 crore
- Q4 net sales +66.22% to Rs 10,274.94 crore
Why this matters
With 524 global showrooms and a fast-scaling Candere digital channel, evaluate acquisition or partnership opportunities in online jewellery and regional retail networks to accelerate the multi-format expansion.
What to watch
- Gold price trajectory and its effect on gross margin next quarter
- Candere growth sustainability beyond the 112% base-effect quarter
- Recycled gold mix trend and its margin implications
- Same-store sales growth deceleration or reacceleration in Q2 update
- Any equity dilution or promoter pledge news
- Watch sell-side notes for target price revisions and margin commentary post-print
- Monitor promoter/institutional holding changes and any block deals into strength
- Track store-expansion cadence (Kalyan + Candere) as forward growth signal
- Compare peer prints (Titan Q1 update) for sector confirmation vs idiosyncrasy