The shares of Kalyan Jewellers India Ltd surged nearly 6% after opening higher at ₹239 against the previous close of ₹234. The shares witnessed the high of ₹248.50 and are currently trading upwards following 27% YoY sales jump in Q2 business update.
During the quarter, the jeweler achieved a significant year-on-year consolidated revenue growth of 27%. In the first half of the current financial year, this growth rate stood at 29%. In terms of its operations in India, the company experienced a remarkable 32% revenue increase, driven by strong operational performance on the field and healthy same-store-sales growth in key markets across the country.
At 10:20 AM the shares of the Kalyan Jewellers India Ltd were up 4.95% or 11.60 at ₹246.00.
