Kalyan Jewellers Shares Rally 12 Percent After Quarterly Earnings Exceed Street Estimates

Kalyan Jewellers India posted a strong performance in the third quarter of the 2025–26 financial year, driving its shares sharply higher on February 9. The stock climbed about 12 percent in early trading after investors reacted to earnings that beat expectations on both top and bottom lines.

In the quarter ended December 31, consolidated net profit surged to Rs 416.3 crore, up more than 90 percent from the Rs 218.8 crore logged in the same period a year earlier. Revenue from operations rose more than 42 percent year-on-year to Rs 10,343.4 crore, supported by robust demand across key markets.

Market participants noted the stock’s significant gains were driven by improved underlying business trends and stronger festive season demand, which underpinned both volume growth and margin expansion. Brokerages have reaffirmed positive views on the shares, with some maintaining Buy ratings and raising target prices based on sustained growth prospects and strategic expansion plans.

Investor confidence was also buoyed by commentary on the company’s franchise network expansion and efforts to reduce debt, which were seen as supportive of long-term earnings resilience.