Kalyan Jewellers Surges 10% After Strong Q2 Results

KALYANKJIL witnessed a sharp rally in Wednesday's trading session, with its shares surging nearly 10% and touching the upper circuit at ₹672.10 on the NSE. The strong buying interest came after the company announced impressive financial results for the second quarter of FY27. The company reported a consolidated net profit of ₹427 crore, registering a significant 64% year-on-year increase compared with ₹260.5 crore in the corresponding quarter last year. Revenue from operations also grew by 31.4% to ₹10,323 crore, reflecting strong consumer demand and healthy business momentum. EBITDA increased nearly 30% to ₹645 crore, while same-store sales growth stood at approximately 20%. The company also benefited from strong festive-season demand, particularly during Navratri and Dhanteras. Management expressed optimism about the upcoming wedding season and expects business momentum to remain encouraging during the ongoing festive quarter.