Kalyan Jewellers down 34% YTD despite Q1 profit surge; analysts flag more downside
Kalyan Jewellers shares have fallen 34% in 2025 even as Q1 PAT jumped 48.73% to Rs 264 crore and revenue rose 31.48% to Rs 7,268 crore. Analysts see targets of Rs 470-485 with resistance at Rs 515-540. Company remains upbeat on the festive season.
Kalyan Jewellers shares fell 34% YTD despite Q1 PAT rising 48.73% to Rs 264 crore and revenue up 31.48% to Rs 7,268 crore. Analysts see further downside to Rs 470-485; company optimistic on festive season.
Why this matters
The 34% YTD slide contrasts with Kalyan's recent momentum: analysts had flagged a strong buy at Rs 377.85 on resilient domestic demand, while Q4 net profit more than doubled to Rs 409.5 crore with FY26 profit up 89%.
Retail-company signals are accelerating, up 541600% QoQ.