Kalyan Jewellers Share Price Surges Following Strong Q2 FY2027 Revenue Growth

The kalyan jewellers share price saw a significant jump on October 7, 2026, as investors reacted positively to the company's business update for the second quarter (Q2) of the 2026-27 financial year. The stock hit an intraday high of ₹581.20, representing a 6.02% increase from the previous close of ₹548.15 [2].

Q2 FY2027 Financial Performance Highlights

The surge in share price was driven by a healthy business update showing strong growth across both domestic and international markets. For the July to September quarter, Kalyan Jewellers reported consolidated revenue growth of over 26% year-on-year [1].

Domestic and International Growth

• India Operations: Revenue grew by approximately 27% year-on-year, with same-store sales growth reaching about 20% [1]. This growth is particularly notable as it occurred despite a high base from the previous year, when all nine days of Navratri fell within the second quarter.
• International Markets: Global operations grew by approximately 18%, with the Middle East seeing a 12% increase driven entirely by same-store sales [2]. International markets contributed roughly 11% to the total consolidated revenue.
• Candere: The lifestyle jewellery brand reported the strongest growth, with revenue rising approximately 64% year-on-year [1].

Expansion and Strategic Moves

The company continues to aggressively expand its physical footprint. During Q2 FY2027, Kalyan Jewellers opened 12 new showrooms in India, one in the UK, and nine Candere stores [1]. As of September 30, 2026, the total network stood at 546 showrooms.

A key strategic development was the August launch of Akshaya Thanga Maligai (ATM), a regional brand in Chennai. The company plans to expand this brand further through a franchise model, with four more showrooms planned for the current financial year [1].

Stock Performance and Market Valuation

Beyond the single-day spike, the stock has shown strong long-term momentum. As of October 7, 2026, the company's market capitalisation was ₹59,032.05 crore [2].

Timeframe	Return/Performance
Year-to-Date (YTD)	~19% Gain
Past One Year	Over 17% Return
Long Term	Over 619% Return

Despite the overall rise, the stock faced a slight decline of 2.6% over the past month, which analysts attribute to higher gold prices weighing on market demand [2]. The company has also improved its balance sheet by reducing non-GML debt to zero and selling non-core real estate parcels [1].