Kalyan Jewellers share price crashed almost 9% in morning trade on the BSE on Tuesday, 7 July, after the company announced its Q1FY27 business updates, reporting a consolidated revenue growth of approximately 38% for the quarter.
The jewellery stock opened at ₹364.45 against its previous close of ₹381.20 and dropped 8.6% to an intraday low of ₹348.35.
In an exchange filing on 7 July, the company said the April-June quarter was a very satisfying one, as its consolidated revenue grew by approximately 38% year-on-year (YoY).
"We saw revenue growth in excess of 38% for our India operations during Q1FY27 as compared to Q1FY26, led by robust operating momentum on the ground with healthy same-store-sales-growth across all the key markets in the country, despite the 28-day Adhik Maas period falling fully in the recently concluded quarter. During the quarter, same-store-sales-growth stood at approximately 28%," said Kalyan Jewellers.
Adhik Maas is a once-in-3-year phenomenon during which wedding-related demand tends to take a pause in certain parts of the country.
The company further said that its international operations recorded revenue growth of approximately 35% YoY for the June quarter.
In the Middle East, it witnessed revenue growth of approximately 30% YoY, largely driven by same-store-sales-growth despite the impact on footfall during April due to the geopolitical tensions in the region.
"International markets contributed approximately 14% to our consolidated revenue for the recently concluded quarter. Our digital-first jewellery platform, Candere, recorded a revenue growth of approximately 112% YoY during the quarter. During the recently concluded quarter, we launched 12 Kalyan showrooms and 5 Candere showrooms in India," said the company.
Kalyan Jewellers further said that the ongoing quarter has started off well, and it is upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country.
"As of June 30, 2026, our total number of showrooms across India and international markets stood at 524 (Kalyan India – 354, Kalyan Middle East – 38, Kalyan USA – 2, Kalyan UK – 1, Candere – 129)," said Kalyan Jewellers India.
Kalyan Jewellers share price trend
Kalyan Jewellers shares hit their 52-week low of ₹327.15 on 11 June this year after hitting a 52-week high of ₹617.30 on 24 July last year.
As per BSE data, the stock is down 39% over the last year and 28% in the last two years. However, on a longer timeframe of three years and five years, the stock has delivered multibagger returns of 119% and 358%, respectively.
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