Kalyan Jewellers snaps six-day rally, slips 2.65% to Rs 533.90 as analysts flag profit booking
Shares cooled after a strong Q1FY27 update: revenue up ~38% YoY, same-store sales growth ~28%, and Candere revenue up 112%. Network now spans 524 showrooms globally (354 Kalyan stores in India), with recycled gold above 46% of revenue. D-Street sees momentum turning overbought.
Kalyan Jewellers shares fell after a six-day rally driven by strong Q1FY27 update showing ~38% revenue growth, 28% SSSG, and expansion to 524 showrooms. Analysts advise profit booking as momentum turns overbought.