Kalyan Jewellers shares surged 10% on Wednesday, 11 November, hitting a fresh 52-week high after the jewellery retailer reported a strong set of Q2 FY27 results a day earlier.
Kalyan Jewellers India reported a 64% year-on-year jump in consolidated net profit to ₹427 crore for the September quarter, compared with ₹260.51 crore in the corresponding period last year. Revenue from operations rose 32% to ₹10,323 crore from ₹7,856 crore in Q2 FY26.
For the first half of FY27, the company's net profit increased 48% to ₹776 crore from ₹525 crore a year ago. Revenue grew 38% to ₹20,912 crore, compared with ₹15,125 crore in the year-ago period.
Commenting on the performance, Executive Director Ramesh Kalyanaraman said the ongoing festive quarter had started on a strong note, with encouraging growth during Navratri and Dhanteras. He added that the company was optimistic about the upcoming wedding season and expected to end the quarter on a strong note.
Motilal Oswal Financial Services has maintained a Buy rating on Kalyan Jewellers, citing strong earnings growth and 20% same-store sales growth (SSSG) in India.