Kalyan Jewellers Share Price Falls Over 9% Despite Strong Q1FY26 Results

Market Performance

Kalyan Jewellers' share price witnessed a sharp decline in early trade on August 8, 2025. The stock opened at ₹615.65 on the BSE, significantly higher than its previous close of ₹590.75. However, it soon plunged by 9.4% to an intraday low of ₹534.95.

As of 10:50 AM, the Kalyan Jewellers share price was trading at ₹550, down 6.90% from the previous close.

Main News

Despite a strong financial performance for the first quarter of FY26, Kalyan Jewellers share price came under pressure in the market.

The jewellery major reported a 49% year-on-year (YoY) growth in profit after tax and a 31% rise in consolidated revenue. However, investor sentiment appeared bearish, leading to a sell-off in the stock.

Company Details

Kalyan Jewellers is one of India’s leading jewellery retail chains with a strong presence across the country. The company also operates in international markets, including the Middle East and the United States.

It caters to a wide customer base through both its flagship brand and its digital lifestyle platform, Candere.

Financial Performance Breakdown

Revenue

• ₹7,268 crore in Q1FY26
• Up from ₹5,528 crore in Q1FY25
• 31% YoY growth

EBITDA

• ₹508 crore in Q1FY26
• Increased from ₹368.4 crore in Q1FY25
• Growth of 38% YoY

EBITDA Margins

• Improved to 7% in Q1FY26
• From 6.7% in Q1FY25

Net Profit (PAT)

• ₹264 crore in Q1FY26
• Up from ₹178 crore in Q1FY25
• Growth of 49% YoY

PAT Margins

• Rose to 3.6% in Q1FY26
• Compared to 3.2% in the same quarter last year

Candere Business Update

Candere, the company’s digital-first lifestyle jewellery platform, posted the following results:

• Revenue: ₹66 crore
• Net Loss: ₹10 crore

Company Outlook

While Kalyan Jewellers did not share any specific forward-looking financial guidance, the company confirmed a strong start to the current quarter. It emphasized its preparedness for the upcoming festive season, including plans for new product launches and marketing campaigns.

The company also noted ongoing volatility in gold prices as a factor to watch.

Summary of the Article

• Kalyan Jewellers share price fell over 9% on August 8 despite strong Q1FY26 results.
• Revenue grew by 31% YoY to ₹7,268 crore, and net profit jumped 49% to ₹264 crore.
• EBITDA rose 38% to ₹508 crore, with margins improving to 7%.
• Candere posted ₹66 crore revenue but ended the quarter with a ₹10 crore loss.
• The stock's fall appears disconnected from its financials, highlighting market volatility.