Shares of Kalyan Jewellers continued their upward momentum, posting another strong session after the company reported robust first-quarter business growth. The stock recorded a sharp gain during trading, extending its rally for a second consecutive day as investor confidence strengthened.
The positive sentiment follows the company’s encouraging business update for the April–June quarter, which highlighted healthy revenue growth across its key markets. The strong operational performance has also prompted several brokerage firms to issue positive outlooks on the stock, further boosting investor interest.
According to the company’s latest business update, consolidated revenue for the first quarter increased by approximately 27 percent compared with the same period last year. The Indian market remained the primary growth driver, with domestic operations recording close to 29 percent growth during the quarter.
Kalyan Jewellers also continued to expand its retail network by opening 13 new showrooms across India during the quarter. The expansion supports the company’s strategy of strengthening its presence beyond its traditional South Indian markets and increasing its footprint in other regions of the country.
International operations also delivered positive results, with the Middle East business reporting healthy growth. The overseas segment continues to be an important contributor to the company’s overall revenue, reflecting sustained demand in Gulf markets.
The company’s digital jewellery platform, Candere, also reported growth during the quarter, indicating rising customer engagement through online channels. Kalyan Jewellers has been steadily investing in its omnichannel strategy to complement its expanding physical retail network.
Market sentiment was further supported after leading brokerage firms revised their outlook on the company, citing strong business fundamentals, consistent expansion and improving earnings potential. The favourable analyst commentary has contributed to increased buying interest in the stock over recent trading sessions.
Looking ahead, Kalyan Jewellers plans to continue expanding through both company-owned and franchise-operated stores. The retailer is expected to strengthen its presence in emerging markets while continuing to invest in digital growth and customer experience.
