Kalyan Jewellers Shares Gain 3% in Early Trade Following Strong Q4 Earnings Update

Kalyan Jewellers Stock Rises 3% on Robust Q4 Operational Performance

Kalyan Jewellers India Ltd shares traded higher in early deals on Tuesday, driven by a robust business update for the March quarter. The stock rose as much as 3 percent to hit an intraday high of Rs 435 in the opening minutes, before giving up gains. At the time of writing, the stock was trading at Rs 425.5, up 1.3 percent, compared with the previous close of Rs 420.

The company's strong Q4 operational performance was reflected in its India business revenue, which grew about 64 percent year-on-year, and same-store sales, which rose over 45 percent, indicating healthy demand momentum. International operations also reported solid growth, with revenue up around 45 percent YoY, led by a 39 percent rise in West Asia business. However, the company flagged that geopolitical tensions in West Asia impacted customer walk-ins during the first three weeks of March.

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Kalyan Jewellers' international markets contributed roughly 11 percent to consolidated revenue in the quarter. The company also continued its aggressive expansion, launching 28 showrooms (net addition of 24) in India and 14 Candere outlets during the quarter. Its e-commerce arm Candere recorded a sharp over 360 percent year-on-year growth.

The update comes a day after the stock rallied 6.5 percent, supported by broader strength in jewellery stocks following a reduction in base import prices for gold and silver, which is expected to ease input costs and support margins. Despite the recent gains, Kalyan Jewellers stock remains down about 13.6 percent over the past one year, underperforming the benchmark Nifty 50, which has risen around 3.6 percent in the same period.