Kalyan Jewellers shares jump over 2% after healthy Q2 business update; stock up 15% YTD

Jewellery manufacturer Kalyan Jewellers shares jumped more than 2% after the opening bell on Wednesday, October 7, as investors focused on the company’s latest healthy business performance update for the July to September quarter of the financial year 2026-27.

NSE data showed that Kalyan Jewellers' share price jumped 2.16% to touch an early market high of ₹560 apiece on Wednesday’s market, in comparison to ₹548.15 apiece at the previous equity market close.

During the morning market hours, the trading activity in the company’s stock surpassed 1.8 million equity shares across both NSE and BSE, powering the early gains on October 7.

After touching the high, the stock retracted some of its early market gains to trade 1.3% higher around ₹555.55 apiece during the intraday session, as per the exchange data.

Equity market investors were reacting during Wednesday’s market, as Kalyan Jewellers filed its Q2 business update before the market opening bell on the same day. The data showed that the company recorded a healthy revenue growth in the second quarter of FY27 with the help of same-store sales growth across all the key markets in the country.

Q2 business update

In the July to September quarter of FY27, Kalyan Jewellers recorded a consolidated revenue growth of more than 26% when compared to the same period in the previous financial year, according to the NSE filing.

In the company’s India operations, Kalyan Jewellers recorded a 27% growth in revenues in Q2, powered by strong operating momentum on the ground, with healthy same-store sales growth across all key markets in the country despite the high base due to strong Navratri sales.

Last year, all nine days of Navaratri were a part of the second quarter, resulting in a higher base value in FY26 due to elevated sales and festive season demand for the jewellery maker.

The data showed that in the second quarter of FY27, Kalyan Jewellers’ same-store sales growth was around 20%.

On the global front, Kalyan Jewellers’ international operations recorded revenue growth of approximately 18% in the period under review, with the Middle East witnessing a revenue growth of approximately 12% for Q2 FY27 as compared to Q2 FY26, driven entirely by same-store sales growth.

“International markets contributed approximately 11% to our consolidated revenue for the recently concluded quarter,” the company said in its statement.

Forward plans

During the September quarter, the company launched 12 Kalyan Jewellers showrooms and nine Candere showrooms in India, and one Kalyan Jewellers showroom in the United Kingdom.

Looking ahead, Kalyan Jewellers shared its plans to launch the next four showrooms under its franchise model in the current financial year, with two in the third quarter and the remaining two in the fourth quarter.

“We are upbeat about the upcoming festive and wedding season across the country and are fully ready with fresh collections, campaigns and new showroom launches,” the company said.

Stock gains 15% YTD

NSE data showed that Kalyan Jewellers shares have delivered more than 15% returns to investors on a year-to-date (YTD) basis, and were trading 0.85% higher over the last five market sessions.

However, the company’s stock has lost 5.6% in the past one-month due to higher gold prices weighing down the demand for gold and jewellery in the market amid global uncertainty and the centre’s push to keep away from the precious metal.

In the longer term, Kalyan Jewellers shares have delivered more than 597% returns to investors, over 116% gains on their investment and more than 14% returns in the past one year period.

The company’s market capitalisation (m-cap) was at ₹58,489.85 crore as of the trading session on Wednesday, October 7, 2026.