Kalyan Jewellers Delivers A Strong Q2 Performance

The jewellery sector is seeing some interesting numbers this festive season. KALYANKJIL Kalyan Jewellers reported a strong Q2 FY27 performance, with consolidated revenue increasing 31% year-on-year and net profit rising 64%. The market reaction was equally strong. Its shares surged around 10% on November 11, touching a fresh 52-week high of ₹672.10. But what makes these numbers interesting? Jewellery demand is influenced by several factors, including wedding seasons, festive purchases, gold prices and consumer sentiment. For Kalyan Jewellers, the ability to grow its business while maintaining profitability will be important going forward. There are three things I would track in the coming quarters: - Whether revenue growth remains strong after the festive season. - Whether margins can sustain their current momentum. - Whether the company continues expanding its store network without putting pressure on profitability. A strong quarter is definitely encouraging, but sustaining that performance is the bigger challenge. Source: Business Standard, November 11, 2026.  [image](***** Business Standard+1