Kalyan Jewellers Stock Update: Share Price Soars 3% on Robust Q2 Revenue Growth

Kalyan Jewellers India Ltd (NSE: KALYANKJIL) is currently experiencing a significant upward movement in Wednesday's intraday trade, with its share price trading at ₹566.15, marking a robust gain of +3.28% from its previous close of ₹548.15. The stock opened higher at ₹547.40 and swiftly touched an intraday high of ₹567.85, just shy of a fresh peak, while maintaining an intraday low of ₹542.55. The positive momentum is accompanied by surging volumes, with 4,867,988 shares traded, indicating strong investor interest and conviction in the current rally. The stock's performance today reflects a continuation of its recent bullish trend.

52-Week Context
While specific 52-week high and low data for Kalyan Jewellers is currently not available in the live feed, the stock has demonstrated remarkable strength in recent times. The current price level of ₹566.15 places it well above its long-term moving averages, and market reports indicate it has seen significant rallies over the past few months. For instance, the stock has gained 63% in the last month and around 50% over the previous five days, showcasing strong upward momentum. This sustained performance suggests that today's move builds on a foundation of increasing investor confidence and positive fundamental developments, positioning the stock near its recent significant price levels.

Latest Developments
The primary catalyst driving Kalyan Jewellers' current upward trajectory is the company's provisional business update for the second quarter of the financial year 2026-27 (Q2 FY27), released ahead of today's trading session. The jewellery major reported a consolidated revenue growth of more than 26% year-on-year for the July-September quarter. India operations were a significant contributor, posting a revenue growth of approximately 27%, supported by robust operating momentum and healthy same-store-sales growth (SSSG) of about 20% across key markets. This strong performance comes despite a high base effect from the previous year, which included all nine days of Navratri in Q2.

International operations also contributed positively, recording revenue growth of around 18% year-on-year in Q2 FY27. Furthermore, Kalyan Jewellers announced the successful completion of the sale of one of its non-core real estate assets, valued at approximately ₹86 crore, during the quarter. This strategic move has resulted in the company bringing its non-GML (gold metal loan) debt down to zero, significantly strengthening its balance sheet. The company also unveiled its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai, and has plans to launch four more franchise showrooms in the current financial year. Analyst sentiment has also been positive, with firms like Jefferies initiating coverage with a "Buy" rating and a target price of ₹830, citing strong momentum and expansion plans.

Outlook
Investors will be closely watching for further details when the full Q2 FY27 results are officially declared, as well as the company's guidance for the upcoming festive and wedding season. The ability to maintain healthy same-store-sales growth and expand its footprint through new showrooms and regional brands will be key factors influencing the stock's performance for the remainder of the session and beyond.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Oct 07, 2026 09:54 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).