Kalyan Jewellers jumps 6% on strong Q1FY27; MOFSL sees 47% upside to ₹525
Kalyan Jewellers posted 38% consolidated revenue growth in Q1FY27, backed by 28% India same-store sales growth and 35% international expansion. Online arm Candere surged 112%. The company added 12 new showrooms plus 5 Candere stores. MOFSL maintains Buy with a ₹525 target.
Kalyan Jewellers shares rose ~6% after strong Q1FY27 update: 38% consolidated revenue growth, 28% India SSSG, 12 new showrooms, and Candere's 112% growth. MOFSL maintains Buy with ₹525 target, 47% upside.