Kalyan Jewellers share price: Shares of Kalyan Jewellers India surged 10 percent to Rs 672 in early trade on Wednesday, after the jewellery retailer reported a 64 percent year-on-year jump in consolidated net profit for the fiscal second quarter, supported by strong revenue growth. Brokerage firm UBS maintained its Buy rating on the stock, with a target price of Rs 900, implying an upside of around 47 percent from Monday's closing price.
The sharp rally followed Kalyan Jewellers' Q2 FY27 results, which showed consolidated revenue crossing the Rs 10,000-crore mark, while the company's management expressed optimism about jewellery demand during the ongoing festive and wedding season.
Kalyan Jewellers shares have gained 38.4 percent so far in 2026, significantly outperforming the Nifty 50, which has declined around 3 percent during the same period. At the current market price, the company commands a market capitalisation of approximately Rs 69,000 crore.
Kalyan Jewellers Q2 results: Profit rises 64%, revenue crosses Rs 10,000 crore
Kalyan Jewellers reported a consolidated net profit of Rs 427 crore for the quarter ended September 2026, up 63.6 percent from Rs 260.51 crore in the corresponding quarter last year. The profit included an exceptional gain of Rs 73 crore from the sale of a non-core land parcel. Excluding this gain, net profit stood at approximately Rs 354 crore, representing an increase of nearly 36 percent year-on-year.