Kalyan Jewellers shares slide 6% amid profit booking a day after Q3 update

Shares of Kalyan Jewellers slid 6.2% in early trade on Wednesday, January 8, to a low of Rs 677.55 on the BSE amid profit booking, which was witnessed a day after the company reported a revenue growth of nearly 41% YoY in its Q3 update.

Additionally, the company recorded healthy same-store-sales-growth of approximately 24% in the quarter in discussion.

“We launched 24 Kalyan showrooms in India during the recently concluded quarter, with a strong pipeline of showrooms set to open over the course of the current quarter,” the company had said in its filing to the exchanges.


In the Middle East, Kalyan Jewellers saw a revenue growth of approximately 22% compared to the same period in the previous financial year. Middle East contributed 11% to the company’s consolidated revenue for the recently concluded quarter.

Kalyan’s digital-first jewellery platform, Candere, recorded a revenue growth of approximately 89% YoY and 23 new Candere showrooms were launched during Q3 FY 2025.

During the recently concluded quarter Kalyan Jewellers launched its first showroom (Company Owned Company Operated) in the United States of America.

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Kalyan Jewellers share target price

Contrary to the market action on the stock today, domestic brokerage firm Motilal Oswal has maintained its ‘buy’ rating on the stock with a target price of Rs 875, which indicates an upside potential of 28% from the stock’s current levels.

Kalyan Jewellers share price history

The shares of Kalyan Jewellers have increased by 83.9% in the last one year while gaining 38% in the last 6 months. However, in the last 3 months and 1 month, the stock has fallen by 3.7% and 6.5% respectively.

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