Kalyan Jewellers slips after reported 5 crore-share block deal
Kalyan Jewellers shares fell as much as 2% after reports that around five crore shares changed hands in a block deal at an estimated 8%–10% discount. The retailer also reported roughly 38% year-on-year India revenue growth for the June FY27 quarter, while Candere revenue rose 112%.
Kalyan Jewellers shares fell after a domestic mutual fund reportedly sold around five crore shares through a discounted block deal. The jewellery retailer reported about 38% India revenue growth in the June FY27 quarter, while digital brand Candere grew revenue 112% year-on-year.
Why this matters
The reported block deal follows Kalyan Jewellers’ June-quarter update, which cited 38% India revenue growth and 17 new stores, and renewed attention on its Candere growth and Instamart coin tie-up.
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