Kalyan Jewelers Share Crash: Despite 38% revenue growth, shares fell by 8%, know why investors sold

Business Desk – Kalyan Jewelers Share Crash: Shares of Kalyan Jewelers India Ltd, a leading company in the jewelery sector, were seen trading under heavy pressure on Tuesday. The company released a strong business update for the financial year 2026-27 (Q1 FY27), in which consolidated revenue recorded an increase of about 38 percent.

Despite this, the market did not respond positively and the company’s shares fell by about 8.5 percent in early trade to reach the day’s low of Rs 348.70. However, later some recovery was seen in the stock. By around 1:20 pm, it was seen trading around Rs 358.65 with a decline of about 4.75 per cent.

Even 38% revenue growth could not satisfy investors.

The company’s quarterly performance appears strong at first glance. Business in India gained tremendous momentum and consolidated revenue recorded an increase of about 38 percent. Apart from this, International Business, Same Store Sales and digital platform Candere also performed well. Despite this, investors started booking profits in the stock, due to which there was a sharp decline in the stock.

Why did the stock fall?

According to analysts, the biggest reasons for the fall in the stock are profit booking and weak technical signals. A section of the market expected even better performance from the company. The good news was already being factored into the share price. In such a situation, after the business update came, investors started booking profits.

Apart from this, the stock slipped below its key moving average on the technical charts, which further increased the selling by short term investors.

Company’s sales remained strong in India

The company said that during the June quarter, more than 38 percent revenue growth was recorded in India. Behind this increase was strong consumer demand and same store sales growth of about 28 percent. Although the company admitted that wedding-related purchases were affected in some areas due to the heavy month, despite this the overall business remained strong.

Foreign business also showed strength

Apart from India, the company’s international business was also better. In the June quarter, the international business recorded a revenue growth of 35 percent, while the Middle East business grew by about 30 percent. The share of foreign business in the total consolidated revenue of the company was about 14 percent, which shows the company’s growing presence in the international market.

Candere showed the fastest speed

The company’s digital jewelery platform Candere recorded the fastest growth in this quarter. The platform’s revenue increased by 112 percent on an annual basis. As part of the expansion strategy, the company opened 12 new Kalyan Jewelers showrooms and 5 new Candere stores during the quarter. By June 30, 2026, the total number of showrooms of the company will increase to 524.

What is the opinion of experts?

Market experts believe that at present the stock appears technically weak. If the stock remains below Rs 350, it may weaken further. In such a situation, the level of Rs 340 to Rs 330 is being considered as the next strong support. On the upside, the range of Rs 380 to Rs 400 currently remains a strong resistance. Some analysts say that it would be better to wait for stability in the stock before making new purchases at the current level.

What are the signals for investors?

The company’s business figures are strong and the pace of expansion is also continuing, but the stock market does not depend only on good results. When investors’ expectations are already high, stocks tend to book profits despite strong results. At present, the stock of Kalyan Jewelers is going through this pressure and the market will keep an eye on its movement in the coming trading sessions.