Shares of Kalyan Jewellers extended their winning streak on Monday, climbing another 10% to Rs 522 and registering gains for the fourth consecutive trading session. The stock has rallied 47% during this period after the company's stronger-than-expected first-quarter business update triggered renewed buying interest.
The company's first-quarter business update indicated an estimated 38% year-on-year growth in consolidated revenue for Q1FY27. Kalyan Jewellers attributed the strong performance to healthy operating momentum and robust same-store sales growth across its key Indian markets. This was achieved despite the entire 28-day Adhik Maas period, which occurs once every three years and is generally considered unfavourable for weddings, falling during the recently concluded quarter.
