KALYAN JEWELLERS PROFIT 64% STOCK HITS UPPER CIRCUIT

KALYANKJIL KALYAN JEWELLERS Q2 FY27 RESULTS PROFIT SURGES 64% STOCK HITS UPPER CIRCUIT Kalyan Jewellers witnessed strong buying interest in Wednesday's trading session November 11 2026 after reporting robust financial performance for Q2 FY27. The stock touched its 10% upper circuit at ₹672.10 reflecting positive market sentiment following the earnings announcement. KEY FINANCIAL HIGHLIGHTS – Q2 FY27 Consolidated Net Profit: ₹427 crore versus ₹260.51 crore in the corresponding quarter last year registering approximately 64% YoY growth. Revenue from Operations: ₹10 323 crore compared with ₹7 856 crore last year representing approximately 31.4% growth. First-Half Net Profit: ₹776 crore against ₹525 crore in the previous year. First-Half Revenue: ₹20 912 crore registering approximately 38% YoY growth. FUNDAMENTAL ANALYSIS The company's strong quarterly performance indicates improving business momentum supported by festive demand expansion of its retail network and sustained consumer interest in organised jewellery retail. The festive season particularly Navratri and Dhanteras contributed to business activity. Management commentary also highlighted encouraging demand momentum ahead of the wedding season. SECTORAL OUTLOOK The organised jewellery sector continues to benefit from increasing consumer preference for branded jewellery retail expansion and premiumisation. However elevated gold prices inventory costs competitive intensity and fluctuations in consumer demand remain key variables that investors should monitor. TECHNICAL & MARKET PERSPECTIVE The 10% upper circuit reflects strong buying interest following the earnings announcement. Going forward sustained price-volume expansion delivery participation and follow-through buying will be important parameters for evaluating the continuation of the bullish momentum. Investors should avoid interpreting a single upper-circuit session as confirmation of a sustained uptrend.