Kalyan Jewellers shares stage a strong rebound after falling 9% in previous session

Shares of Kalyan Jewellers, the Thrissur-based jewellery retailer, staged a strong bounce back on Wednesday, July 8, after falling as much as 9% in the previous session. Kalyan Jewellers shares advanced as much as 6.47% to hit an intraday high of ₹377.70 on the National Stock Exchange (NSE) amid spike in trading activity.

On the BSE, Kalyan Jeweller shares advanced as much as 6.42%. Trading volume in the stock jumped by 3.6 times to 14.69 lakh shares compared with an average of 4.09 lakh shares traded daily in the past two weeks.

Trading volume on the NSE jumped by 2.2 times to 1.73 crore shares compared with an average volume of 78.42 lakh shares.

Meanwhile, global investment firm Citi in a note said that Kalyan Jewellers 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.

Kalyan Jewellers Q1 business update

Kalyan Jewellers in an exchange filing on Tuesday 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.

As of 10:47 am, Kalyan Jewellers shares traded 5.36% higher at ₹373, outperforming the Largemidcap 250 index which was down 0.3%.