Kalyan Jewellers India falls after Q1 update, Citi flags slower growth

Kalyan Jewellers India

07/07/2026 05:22

** Shares of Kalyan Jewellers India KALN.NS fall 7.8% to 351.65 rupees, their lowest since June 15, 2026
** Co says Q1 FY27 consolidated revenue grew about 38% YoY, with India same-store-sales growth of about 28%
** Citi says Kalyan's India revenue growth trailed Titan TITN.NS for the first time in 13 quarters
** More than 343,446 shares change hands by 9:22 a.m. IST vs 30-day avg of 8.2 million shares
** All 9 analysts covering the stock have a "buy" or "strong buy" rating; median PT is 700 rupees - LSEG compiled data
** Stock down 25.7% YTD 
     

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))