Why Kalyan Jewellers shares surged 10%, hit 52-week high after Diwali, Dhanteras; up 26% in a week | Buy, sell or hold?
New Delhi, Nov. 11 -- Kalyan Jewellers shares surged 10% on Wednesday, 11 November, hitting a fresh 52-week high after the jewellery retailer reported a strong set of Q2 FY27 results a day earlier.
Kalyan Jewellers India reported a 64% year-on-year jump in consolidated net profit to Rs.427 crore for the September quarter, compared with Rs.260.51 crore in the corresponding period last year. Revenue from operations rose 32% to Rs.10,323 crore from Rs.7,856 crore in Q2 FY26.
For the first half of FY27, the company's net profit increased 48% to Rs.776 crore from Rs.525 crore a year ago. Revenue grew 38% to Rs.20,912 crore, compared with Rs.15,125 crore in the year-ago period.
Commenting on the performance, Executive Director Ramesh Kalyana...
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