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Kalyan Jewellers’ share price fell 6.95% to Rs. 549.90 on August 8 despite strong Q1 earnings.
The company’s Q1FY26 profit rose 49% YoY to Rs. 264 crore, with revenue up 31% to Rs. 7,268 crore.
Management remains optimistic ahead of the festive season despite gold price volatility.
Kalyan Jewellers share price stood at Rs. 549.90 as of 11:19 am on August 8, 2025, down 6.95% from the previous day’s close of Rs. 590.95. The decline comes after the stock opened at Rs. 615.00 and touched an intraday low of Rs. 535, compared to its high of Rs. 616. The market capitalisation now stands at Rs. 56,795 crore.
The day’s trading has been active, with a volume of 19.31 million shares and a traded value of Rs. 1,06,282.49 lakh. The VWAP (Volume Weighted Average Price) is Rs. 558.77, indicating the stock has mostly traded below the opening price. With a beta of 1.42, the stock remains more volatile than the broader market.
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According to Moneycontrol data, in the last year, Kalyan Jewellers share price has touched a 52-week high of Rs. 795.40 and a low of Rs. 399.40. The upper and lower circuit limits for the day are Rs. 650 and Rs. 531.85, respectively. Its all-time high stands at Rs. 795.40, while its all-time low is Rs. 55.05. The book value per share is Rs. 42.12, and the dividend yield is 0.27%.
Kalyan Jewellers share price chart shows a loss of 8.45% as of 12.28 PM:
From a valuation perspective, the stock trades at a TTM PE ratio of 82.52, higher than the sector PE of 71.17, indicating a premium valuation. Its price-to-book (P/B) ratio is 13.07, reflecting strong investor confidence but also signalling that the stock is priced well above its asset value. The company’s TTM EPS is Rs. 6.67, up 16.40% year-on-year.
The latest quarterly results for Q1 FY26 revealed robust performance. Consolidated profit after tax (PAT) rose 49% year-on-year to Rs. 264 crore, up from Rs. 178 crore in Q1 FY25. The PAT margin also improved to 3.6% from 3.2% in the previous year.
Revenue grew 31% year-on-year to Rs. 7,268 crore, compared to Rs. 5,528 crore in Q1 FY25. The company’s EBITDA came in at Rs. 508 crore, a 38% rise from Rs. 368.4 crore last year, with margins improving slightly to 7% from 6.7%. Kalyan Jewellers’ online platform Candere, reported Rs. 66 crore in revenue but incurred a net loss of Rs. 10 crore during the quarter. Despite challenges, management expressed optimism.
“We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns,” said Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers.
According to eight analyst ratings on Moneycontrol, Kalyan Jewellers stock sees a strong consensus, with 88% recommending a ‘Buy’ and 13% suggesting ‘Outperform’. From a technical standpoint, the pivot point is at Rs. 586.92, with resistance levels at Rs. 604.13, Rs. 617.32, and Rs. 634.53. Support levels are seen at Rs. 573.73, Rs. 556.52, and Rs. 543.33.
Kalyan Jewellers is one of India’s largest jewellery retailers, with a strong presence in the Middle East and the US. The brand is known for its wide product range and has been actively expanding both offline and online. While today’s market reaction has been negative, the company’s strong earnings growth and festive season outlook may help restore investor confidence in the coming months.
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1. Why did Kalyan Jewellers’ share price fall today?
Kalyan Jewellers’ share price declined by 6.95% to Rs. 549.90 despite reporting strong Q1 results. Market experts suggest that the fall may be due to short-term profit booking after the stock’s recent rally and heightened volatility in gold prices, which often impacts jewellery stocks. Investor sentiment also appears cautious given the broader market movement today.
2. What was Kalyan Jewellers’ Q1FY26 profit?
In Q1FY26, Kalyan Jewellers achieved a consolidated profit after tax (PAT) of Rs. 264 crore, marking a 49% rise compared to Rs. 178 crore in the same quarter last year. This growth was supported by increased demand across its markets in India, the Middle East, and the US. The profit margin also improved to 3.6% from 3.2% year-on-year, reflecting better operational efficiency.
3. What is Kalyan Jewellers’ 52-week high and low?
Kalyan Jewellers has seen significant price fluctuations over the past year. The stock reached a 52-week high of Rs. 795.40, driven by bullish investor sentiment and robust quarterly performances, while its 52-week low stands at Rs. 399.40. This wide range highlights the stock’s volatility, which can create both risks and opportunities for traders and long-term investors. For those considering entry points, today’s price of Rs. 549.90 sits closer to the lower end of the yearly spectrum, potentially offering value if fundamentals hold.
4. How did Kalyan Jewellers perform in revenue growth?
The company’s consolidated revenue for Q1FY26 was Rs. 7,268 crore, up 31% year-on-year from Rs. 5,528 crore in Q1FY25. This growth came from strong sales in both domestic and international markets, backed by successful marketing campaigns and store expansions. Additionally, higher gold prices pushed up the ticket size of purchases, boosting revenue figures.
5. What is the analyst sentiment on Kalyan Jewellers?
Analyst sentiment toward Kalyan Jewellers remains highly positive. Out of eight analysts covering the stock, 88% have a Buy rating and 13% rate it as Outperform. Analysts also note that Kalyan has positioned itself well to benefit from the upcoming festive season and rising consumer spending on gold jewellery. The current price dip may present an attractive entry point for long-term investors.
