Shares of Kalyan Jewellers India Ltd surged sharply in morning trade, hitting the 10% upper circuit, after the company reported a robust set of Q3 consolidated results. The stock opened strong and quickly locked at the upper circuit, reflecting positive investor sentiment driven by strong revenue growth, margin expansion and a sharp jump in profitability.
Q3 performance lifts investor sentiment
Kalyan Jewellers reported a 42.1% year-on-year jump in consolidated revenue to ₹10,343 crore, up from ₹7,278 crore in the corresponding quarter last year. Operating performance improved at a faster pace, with EBITDA rising 74.5% to ₹750 crore from ₹430 crore. This translated into a notable margin expansion, as EBITDA margin improved by 140 basis points to 7.3% from 5.9%.
Net profit saw an even sharper rise, increasing 90.3% year-on-year to ₹416 crore compared with ₹219 crore in the same quarter last year. The strong growth across revenue, operating profit and net earnings highlights effective cost control, improved operating leverage and sustained demand momentum across key markets.
Stock movement and key levels
In early trade, Kalyan Jewellers touched a day’s high of Rs 418.25, compared with a previous close of Rs 380.25. The stock opened at Rs 405.00 and did not see much downside, with the day’s low recorded at Rs 395.20. The sharp move came on heavy buying interest following the earnings announcement.
On the market performance front, Kalyan Jewellers continues to remain volatile over a longer horizon. The stock’s 52-week low stands at Rs 347.50, while the 52-week high is at Rs 617.70. Despite being well below its yearly peak, the strong Q3 numbers have renewed investor interest, pushing the stock sharply higher in today’s session.
