Kalyan Jewellers Rallies 40% in Five Sessions on Strong Q1FY27 Update, Citi Targets Rs 750
Kalyan Jewellers shares surged 40% over five sessions, hitting an intraday high of Rs 497.85, after a Q1FY27 update showed 38% YoY revenue growth and ~28% same-store sales. Recycled gold now tops 46% of revenue, international ops rose 35%, and Candere revenue more than doubled (+112%). The chain added 12 Kalyan and 5 Candere showrooms in India, reaching 524 total. Citi set a Rs 750 target.
Kalyan Jewellers shares rallied 40% over five sessions after strong Q1FY27 update showing 38% revenue growth, ~28% same-store sales, and rising gold-recirculation contribution. Citi set Rs 750 target. Company added 12 Kalyan and 5 Candere showrooms in India.