Kalyan Jewellers shares slide 6% amid profit booking a day after Q3 update
Kalyan Jewellers slid 6.2% in early trade on Wednesday, January 8, to a low of Rs 677.55 on the BSE amid profit booking, which was witnessed a day after the company reported a revenue growth of nearly 41% YoY in its Q3 update.
Additionally, the company recorded healthy same-store-sales-growth of approximately 24% in the quarter in discussion.
“We launched 24 Kalyan showrooms in India during the recently concluded quarter, with a strong pipeline of showrooms set to open over the course of the current quarter,” the company had said in its filing to the exchanges.
In the Middle East, Kalyan Jewellers saw a revenue growth of approximately 22% compared to the same period in the previous financial year. Middle East contributed 11% to the company’s consolidated revenue for the recently concluded quarter.
Kalyan’s digital-first jewellery platform, Candere, recorded a revenue growth of approximately 89% YoY and 23 new Candere showrooms were launched during Q3 FY 2025.
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