Kalyan Jewellers' Strong Q3 Surge Counters Stock Dip Doubts
Source: livemint.com
- Kalyan Jewellers posted 42% revenue growth to ₹10,343 crore in Q3 FY26, fueled by festive demand in India.
- Profit after tax jumped 90% to ₹416 crore, with e-commerce arm Candere turning profitable after 144-147% sales rise.
- Despite robust earnings, the stock fell 11.4% over the past year, raising questions on valuation.
Kalyan Jewellers crushed Q3 FY26 expectations with massive revenue and profit gains from store expansions, festive sales, and digital turnaround. The piece digs into whether the stock's recent slump signals deeper trouble or just a buying opportunity in a high-growth jeweler. It matters because investors weigh if this powerhouse performer is undervalued amid market jitters.