Kalyan Jewellers's shares dip following Q1 update
Kalyan Jewellers's stock dipped 2.5% to ₹570.75—even though the company just posted a massive 31% revenue jump for Q1FY26, thanks to big sales during Akshaya Tritiya and the wedding season.
Investors are still cautious
Despite strong numbers—like an 18% rise in same-store sales in India and a 31% boost internationally—the market is still cautious.
The share price has bounced back from last year's lows but remains 25% below its December 2024 peak, showing investors are keeping an eye on market conditions.
Company is betting big on festive shopping
Kalyan isn't slowing down: it opened 19 new showrooms this quarter, Candere (its digital arm) saw a huge 67% revenue spike after a brand campaign, and there are plans to add another 170 stores soon.
Even with challenges, the company's betting big on festive shopping and expansion.