Kalyan Jewellers Shares Hit Record High After Net Profit Jumps

Kalyan Jewellers shares surged ten percent on Wednesday, hitting a fresh fifty-two-week high after the company reported strong second-quarter results for the financial year twenty twenty-seven. The jewellery retailer posted a sixty-four percent jump in net profit to four hundred twenty-seven crore rupees for the September quarter, compared to two hundred sixty crore rupees in the same period last year. Revenue from operations rose thirty-two percent to ten thousand three hundred twenty-three crore rupees.

Financial Performance

For the first half of the financial year, net profit increased forty-eight percent to seven hundred seventy-six crore rupees, while revenue grew thirty-eight percent to twenty thousand nine hundred twelve crore rupees. Executive Director Ramesh Kalyanaraman said the festive quarter started on a strong note with good growth during Navratri and Dhanteras. Major brokerages including Motilal Oswal Financial Services and UBS maintained a Buy rating on the stock, citing strong earnings and robust same-store sales growth in India.

Context

Retail jewellery brands in India often see significant spikes in sales and stock activity during the festive and wedding seasons due to high consumer demand for gold and precious items. Strong quarterly earnings reports regularly attract fresh buying interest from market investors and brokerage firms.