💎 Citi Sees 100% Upside:

KALYANKJIL

Shines Despite Q1 Miss

remained in focus after Citi reiterated its bullish view and suggested the stock could potentially double from current levels, even though Q1 revenue growth came in below expectations. The brokerage believes the short-term miss does not alter the company’s long-term growth story, citing strong brand recall, rapid store expansion, improving market share, and continued shift from unorganised to organised jewellery retail. The optimistic target price reflects confidence that Kalyan can sustain strong earnings growth and benefit from rising consumer demand over the next few years.