Kalyan Jewellers just hit its highest stock price in a year, thanks to a big 64% jump in profits and 31% revenue growth for the September quarter.
The boost came from strong festive shopping and more people choosing organized retailers over local shops.
The stock climbed over 16% in two days, and analysts are still recommending it as a 'Buy' rating.
Kalyan Jewellers targets 25% revenue growth
Looking ahead, Kalyan is planning to open 84 Kalyan stores, 50 Candere outlets, and five Akshaya Thanga Maligai (ATM) stores, to ride the wave of shoppers moving toward bigger jewelry brands.
Their non-South markets grew by 21%, with the ATM format doing especially well.
The company is aiming for at least 25% revenue growth by fiscal 2027, hoping continued festive demand keeps the momentum going.