Kalyan, PC Jeweller rally on strong Q1 updates; paints and tyres slip as crude nears $85
Kalyan Jewellers rose on India revenue up 38% YoY and same-store sales up 28%, while PC Jeweller gained on 21% revenue growth and a debt cut of over 90%. Paint makers Asian Paints and Berger fell 2-3% and tyre firms CEAT and Apollo dropped as Brent surging near $85/bbl pressured input costs.
Jewellery retailers Kalyan (India revenue +38% YoY, SSS +28%) and PC Jeweller (revenue +21%, near debt-free) rose on strong Q1 updates, while paint makers (Asian Paints, Berger) and tyre firms (CEAT, Apollo) fell as crude surged near $85, pressuring input costs.