Kalyan Jewellers shares rise 4% ahead of quarterly financial results

Kalyan Jewellers shares jumped 4 percent on Monday to touch an intraday high of ₹614.50 on the BSE, driven by strong business updates ahead of the company's financial results for the second quarter of fiscal year 2027. The board of directors is scheduled to meet on Tuesday, 10 November 2026, to review and approve the unaudited results for the quarter and half year ending 30 September 2026. Trading on the Indian stock market will remain closed on Tuesday for Diwali-Balipratipada.

Business Performance

Consolidated revenue grew by over 26 percent year-on-year in the July-September quarter. India operations saw a 27 percent revenue increase, backed by healthy same-store sales growth of roughly 20 percent across key markets. International operations registered an 18 percent revenue rise, while Middle East revenue grew about 12 percent year-on-year entirely through same-store sales. Overseas markets provided about 11 percent of the total consolidated revenue for the quarter. This growth occurred despite a high base from the previous year when Navratri festive sales fell entirely within the second quarter.

Analyst Views

Rajesh Bhosale, a technical analyst at My Advisor Alpha, noted that the stock climbed from around ₹490 to above ₹600 and approached its September swing high of ₹610. He suggested that moving past this level could push the rally toward ₹645 to ₹660, with an immediate support level at ₹570 and a positive overall technical outlook. Gaurav Arora, head of research at SAHI, pointed out that the stock moved past a late-October low of ₹500 and neared the ₹630 to ₹650 resistance range. Arora stated that a close above ₹650 would confirm a breakout to new highs, while immediate support rests between ₹560 and ₹565. He added that investors will closely watch profit margins due to potential inventory gains or pressure from gold price fluctuations.

Context

Jewellery retail demand in India is heavily influenced by festive seasons and weddings, which typically drive higher consumer spending and store traffic. Financial analysts track same-store sales growth to measure a retailer's organic performance by excluding revenue from newly opened stores. Stock resistance and support levels help market participants identify price points where selling pressure or buying interest is likely to emerge.