07 Apr , 2026 By : Debdeep Gupta
Kalyan Jewellers India Ltd shares traded higher in early deals on Tuesday after the company reported a robust business update for the March quarter, although the stock pared most of its opening gains.
The Kalyan Jewellers stock rose as much as 3 percent to hit an intraday high of Rs 435 in the opening minutes, before giving up gains. It was trading at Rs 425.5, up 1.3 percent, in morning trade, compared with the previous close of Rs 420.
The initial surge in the stock follows the company’s strong Q4 operational performance, with India business revenue growing about 64 percent year-on-year and same-store sales rising over 45 percent, indicating healthy demand momentum.
International operations also reported solid growth, with revenue up around 45 percent YoY, led by a 39 percent rise in West Asia business. However, the company flagged that geopolitical tensions in West Asia impacted customer walk-ins during the first three weeks of March.
Kalyan Jewellers’ international markets contributed roughly 11 percent to consolidated revenue in the quarter.
The company also continued its aggressive expansion, launching 28 showrooms (net addition of 24) in India and 14 Candere outlets during the quarter. Its e-commerce arm Candere recorded a sharp over 360 percent year-on-year growth.
The update comes a day after the stock rallied 6.5 percent, supported by broader strength in jewellery stocks following a reduction in base import prices for gold and silver, which is expected to ease input costs and support margins.
Despite the recent gains, Kalyan Jewellers stock remains down about 13.6 percent over the past one year, underperforming the benchmark Nifty 50, which has risen around 3.6 percent in the same period.
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