Kalyan Jewellers Stock Falls 2% Even as Q1 FY27 Revenue Jumps 38%, Citi Reiterates Rs 750 Target
Shares slipped to Rs 563.10 intraday despite strong operational metrics: 28% same-store sales growth, 46% recycled gold revenue mix, 35% international growth, and 112% surge at Candere. Company now runs 524 showrooms as Citi maintains Buy rating ahead of festive and wedding season demand.
Kalyan Jewellers shares slip 2% despite strong Q1 FY27 update showing 38% revenue growth, 28% SSSG, and Citi's Buy rating with Rs 750 target price.