Kalan Jewellers shares surge 51% in five sessions; here is why

Shares of Kalyan Jewellers, the Thrissur-based jewellery retailer, surged for a fifth straight session on Tuesday, July 14, rallying as much as 51% in the last five days to hit an 11-month high of ₹535 on the National Stock Exchange (NSE). In intraday deals, Kalyan Jewellers shares climbed as much as 4.77%.

Kalyan Jewellers shares came under buying interest a day after it reported its quarterly business update for April-June period last week.

Kalyan Jewellers in an exchange filing said that the recently concluded quarter was a satisfying one with consolidated revenue growth of around 38% in the first quarter of current financial year compared with the same period last year.

"We saw revenue growth in excess of 38% for our India operations during Q1 FY2027 as compared to Q1 FY2026, led by robust operating momentum on the ground with healthy same-store-sales-growth across all the key markets in the country despite the 28-day Adhik Maas period falling fully in the recently concluded quarter," Kalyan Jewellers said.

Its same-store-sales growth came in at 28% at the end of June quarter.

The company’s international operations recorded revenue growth of approximately 35% for the reporting quarter when compared to the same period during the previous financial year. Within the Middle East specifically, Kalyan Jewellers witnessed a rise in revenue of approximately 30% year-on-year (YoY) driven predominantly by SSSG despite the impact on footfall during the month of April due to the geopolitical tensions in the region.

The international markets contributed nearly 14% to the jewellery firm’s consolidated revenue for the recently concluded quarter.

Kalyan Jewellers’ digital-first jewellery platform, Candere, recorded a 112% revenue growth during the quarter on a YoY basis.

The company has launched 12 Kalyan showrooms and five Candere showrooms in India in Q1 FY27. As of June 30, 2026, its total number of showrooms across India and international markets stood at 524.

“We launched our ‘Shine with India’ gold recirculation campaign during the second half of May with the larger objective of increasing the share of recycled gold and thereby reducing dependence on imported gold,” Kalyan Jewellers said in a regulatory filing.

The company further said the initiative helped to increase its share of recycled gold to over 46% of revenue in Q1 FY27, while the contribution for June alone exceeded 55%.

On the outlook for the next quarter, Kalyan Jewellers said the ongoing quarter has begun on a strong note and expressed optimism about upcoming showroom launches while gearing up with new collections and marketing campaigns for the festive and wedding season across the country.

The sentiment for the stock improved further after global investment firm Citi last week said that its footfalls in Middle East were impacted by geopolitical tensions, and its asset-light model will aid deleveraging and improve return on capital employed (RoCE) going ahead.

It added that franchise-led expansion will support revenue growth.

As of 10:52 am, Kalyan Jewellers shares traded 3.37% higher at ₹527.60, outperforming the NIFTY LARGEMIDCAP 250 index which was down 0.33%.