Kalyan Jewellers shares rallied to a day high of Rs 689 on 11 November, a fresh 52-week peak, after quarterly profit jumped 64% year on year.

Kalyan Jewellers India Limited reported a consolidated net profit of Rs 427 crore for the July to September quarter, up from Rs 260.51 crore a year ago.

Revenue from operations rose 31% to Rs 10,323 crore from Rs 7,856 crore. India did most of the heavy lifting.

Revenue from the home market climbed 32% to Rs 9,007 crore, while profit rose 62% to Rs 424 crore.

Same-store sales, which track sales at existing shops, grew about 20%.

The Middle East was slower. Revenue grew 11% to Rs 961.3 crore, and profit fell 19% to Rs 12.2 crore.

For the first six months of FY27, profit grew 48% to Rs 776 crore from Rs 525 crore.

That includes Rs 349 crore from the April to June quarter. Revenue rose 38% to Rs 20,912 crore from Rs 15,125 crore.

The quarter’s profit includes a one-time gain of Rs 73.5 crore from selling non-core real estate.

Executive Director Ramesh Kalyanaraman said the current festive quarter has begun well, helped by Navratri and Dhanteras.

He added that the company is upbeat about the wedding season.

The company filed its investor presentation on 10 November and an update on an analyst and investor meet on 11 November, as per NSE.

For FY27, it plans to open 84 Kalyan showrooms in India and six abroad, along with 50 Candere stores.

In September, the stock went ex-dividend for a payout of Rs 2.50 per share.

At 11:36 am, shares traded at Rs 670.20 on NSE, up Rs 59.20 or 9.69% from the previous close of Rs 611.

The stock is up 26.67% in a week and 20.97% in a month. Its 52-week low is Rs 327.05, set on 11 June 2026.

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