Kalyan Jewellers’ shares fall 5% from day’s high

Shares of Kalyan Jewellers India Ltd fell 5 per cent from their day’s high on Tuesday amid profit booking after the jeweller reported consolidated revenue growth of approximately 64 per cent year-on-year in the March quarter. International markets contributed approximately 11 per cent to Kalyan’s consolidated revenue, the company said in an exchange filing. At day’s low of Rs 415.60, Kalyan shares were down 5 per cent from a high of Rs 437.45 hit earlier in the day.

Kalyan said the ongoing geopolitical situation in West Asia impacted customer walk-ins during the first three weeks of March, even though the showrooms remained open. Excellent Ramadan sales during the last 10 days of the month made up for the impact on customer walk-ins during the rest of the month.

For the full year FY26, the International business recorded revenue growth of approximately 33 per cent compared to the prior year, it said. “Our international operations recorded revenue growth of approximately 45% for the recently concluded quarter when compared to the same period during the previous financial year. Within the Middle East specifically, we witnessed revenue growth of approximately 39 per cent for Q4 FY2026 as compared to Q4 FY2025, driven predominantly by same-store-sales-growth,” it said.

Kalyan said the ongoing geopolitical situation in West Asia impacted customer walk-ins during the first three weeks of March, even though the showrooms remained open.